The document discusses best practices for using emerging media and social networks in investor relations and communications. It provides statistics on social media usage among financial professionals and investors. It recommends establishing guidelines for social media use, consistently communicating through multiple channels, listening to conversations, and addressing risks while experimenting with new technologies. The goal is to engage audiences and drive two-way conversations in an open and trusted manner.
Investor Relations & Emerging Media – Presented at the NIRI Capital Area Chapter on September 28, 2011
1. Investor Relations & Emerging Media NIRI Capital Area Chapter • September 28, 2011 Source: ttp://www.flickr.com/photos/zachstern/87431231/
2. Michael Pranikoff Global Director, Emerging Media PR Newswire http://flavors.me/michaelpranikoff michael.pranikoff@prnewswire.com Twitter / @mpranikoff
3. Disclaimer: I am not a Guru. All tips, recommendations, and ideas are from reading, exploring, and learning anyway that I can. I consider myself a B+ Student at best.
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5. Website Email News Release Social media Traditional Media Communications Channel Complexity Video Tradeshows Search Photos / Visualizations Blog
6. Old School New School Created by: Michael Pranikoff, PR Newswire Global Director of Emerging Media
15. 85% of financial services professionals under 50 are utilizing social media, compared with half of their older counterparts Source: LederMark Communications
16. 86% of those under 50 and over half of 50+ professionals agree that social networking will be an important business development tool within five years. Source: LederMark Communications
17. Website Usage by Investors Source: RivelResearch via Q4 Web Systems
20. 20% have used blog research to execute a recommendation or investment decision.
21. 63% of US pro investors say blogs and social networks will play an increasingly important role in investment decisions in the futureSource: Brunswick Group Survey Findings on New Media Usage by the Investment Community – 9/2010
22. 14% of Buy side & Sell Side analysts said information found on a social network such as Facebook prompted further investigation on a investment decision. 14% Facebook Source: http://www.facebook.com/notes/facebook-engineering/visualizing-friendships/469716398919
23. Are you driving the conversation? http://www.flickr.com/photos/perspectivephotography/2090451536/
24. Mainstream Media Pickup Blogs / Twitter / Online Pubs Immediate Online Pickup Weekly Trade Pubs Monthly Trades Quarterly Pubs / Journals Search Share Blog Release Goes Out The Long Tail of Corporate Content News Release Conversation Created by: Michael Pranikoff, PR Newswire Global Director of Emerging Media
25. Head Traditional Media Reaching Billions Reach MILLIONS Online Media SEARCH Tail Created by: Michael Pranikoff, PR Newswire Director of Emerging Media based on Immediate Future, 6/06
26. The Long Tail of Corporate Content Over Six Months Amount of Coverage What Needs to happen today – Shorter Releases on a more regular basis Time From Origination Created by: Michael Pranikoff, PR Newswire Global Director of Emerging Media
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28. Measuring the mood of the 'twitterverse' on a given day can foretell the direction of changes to the Dow Jones Industrial Average three days later with an accuracy of 86.7 %http://www.wired.com/wiredscience/2010/10/twitter-crystal-ball
29. Research from Ross School of Business at the University of Michigan found a direct correlation between company Tweets around news events and tighter bid/ask spreads in the company’s shares. This correlation was found to be most significant with small cap firms that typically do not receive news coverage.
30. Research from Ross School of Business at the University of Michigan found a direct correlation between company Tweets around news events and tighter bid/ask spreads in the company’s shares. This correlation was found to be most significant with small cap firms that typically do not receive news coverage.
32. TrustOverAttention Trust will continue to replace attention as the Currency of the web and business. No one will pay attention if they don’t trust you.
41. From Corporate to Personal: A Breakdown Of The Four Types of Twitter Profiles Pure Corporate Brand Corporate with Persona Employee with Corporate Association Pure Personal Account
57. Best Practices for IR 2.0 Talk about Blog about Tweet about…. Corporate Social Responsibility Over $2.7 Trillion in funds under management dedicated to social responsibility. - Socialinvest.org
65. more multimedia = more views Increase in average online views per press release, when multimedia elements are added. Source: PR Newswire web analytics.
66. Using multimedia in your releases increases journalist and public engagement by 35%. According to internal sample research comparing press releases that contain multimedia with those that do not.
67. Which of these feeds would you look at on a mobile device? This is why visuals matter
74. Best Practices for IR 2.0 – Establish Guidelines Think both Internal and ExternalCommunications Resource: Social Media Governance http://budurl.com/bhqq
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76. Google Alerts and other free tools (http://search.twitter.com, http://socialmention.com) are easy ways to start the process
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78. Google Alerts and other free tools (http://search.twitter.com, http://socialmention.com) are easy ways to start the process
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80. All social channels must be treated the same as traditional channels (disclosure controls)
85. The most profound technologies are those that disappear. They weave themselves into the fabric of everyday life until they are indistinguishable from it…. - Mark Weiser
86. Michael Pranikoff Global Director, Emerging Media PR Newswire http://flavors.me/michaelpranikoff michael.pranikoff@prnewswire.com Twitter / @mpranikoff
Editor's Notes
Today we are looking at a greater audience for news and information than ever before. The speed, breadth, and depth of information is reaching a wider audience then ever. The increased access and searchability of that content is also reaching new heights with journalists, investors, and consumers. This is now a hold of the financial industry as well as the casual investor as new technology allows people to make more informed decisions much more quickly.
According to Nielsen analysis, Television and Radio are still reaching more adults today. However, the study also finds that reach isn’t enough. While TV and Radio still reach more people, online is where the real influencers are. This shift is happening more and more where the people who control budgets in companies and budgets in households are turning to online sources for their news and information.
Send your news release out on a wire service. When you do so, make sure you are doing correct SEO properties, to drive back where you want them to go.
Emphasis should be placed on when a company website can be recognized as a channel of distribution If needed, quote from interview done with Brian Lane, former Director of the Division of Corporate Finance at the SEC and BrocRomanek – former counselor to SEC Commissioner Laura Unger: “ Online, Press Releases are still the satisfactory way to fulfill Reg FD, precisely because they are not conversational. According to a legal requirement known as the ‘duty to update’, social media channels expose public companies to risks that press releases do not. Non-Selective Disclosure means non-selective engagement in social media communiations, which MAY be more than most CEO’s or IRO’s who are excited about social media, can easily satisfy.” Source: http://www.ontherecordpodcast.com/pr/otro/social-media-investor-relations-special-with-former-sec-attorneys.aspx