Less Transparency = Less $$$?

April 12, 2010

We’ve written a lot at Business Wired on the subjects of disclosure and transparency, including the causal relationship between increased communication and capital market benefits.  Looks like there’s even more evidence for transparency being good for companies’ bottom lines — and for lack of transparency hurting them:

After 11 years of publishing a list of the best corporate citizens, Corporate Responsibility Magazine plans to introduce in its April-May issue, out this week, its first-ever “black list” of the worst companies, or those that are the least transparent.

Transparency, as the magazine defines it, means making information about practices like employee benefits, climate-change policies or philanthropic efforts publicly available.

Dirk Olin, editor in chief of Corporate Responsibility Magazine, notes that, when compiling data for the article, they were able to find 30 corporations with no relevant data at all on those topics available publicly.  That group includes such corporations as clothing retailer Abercrombie & Fitch and weight loss specialists Weight Watchers.

And what does that mean for shareholders of those companies?

The best corporate citizens list . . . had a total return on shareholder value of 2.37 percent over three years. But the 30 worst had a negative 7.38 percent return.

“Our aggregate analyses,” Mr. Olin said, “make a strong argument for the business case for transparency.”

Corporate Responsibility’s full “Black List” will be published next Wednesday, April 24.


Upcoming Business Wire Events – August 20 Edition

August 20, 2009

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Join Business Wire experts in your area for media breakfasts, panel discussions and other insightful events. We bring local media members and industry thought leaders to your market to discuss today’s most relevant topics, from writing for SEO to marketing with social media. Best of all, Business Wire events are usually free of charge. Check out some of our upcoming events in your area:

The Future of How Global News Is Delivered and the Rise of the Fractured Communications Class

Hosted by Business Wire Denver

With all the talk about social media and the decline of traditional media, it is clear that we have more communication vehicles than ever and consumers are absorbing their information from multiple niche sources, rather than a few primary ones. With the pressing need to keep our conversations meaningful, can we still reach mass audiences and demonstrating ROI? Joe Hodas, Senior Vice President, Brand Communications at Vladimir Jones, moderates a panel including: Steve Snyder, Director, Corporate Communications, Frontier Airlines; Michael Booth, Anchor Team Writer, The Denver Post; Eric Elkins, CEO and ePR/Social Media/Marketing Strategist, WideFoc.us; Jack Maher, Executive Producer, 9News; and Sandi Garcia, Communications and Public Affairs Director, The Kempe Foundation, Kempe Children’s Center. This event is free for Business Wire members and $20 for non-members.

Thursday, August 27 at 8am MDT
Denver Athletic Club
1325 Glenarm Place, Denver, CO 80206
To register: Please RSVP by Monday, August 24th to JoAnne Hirsch at joanne.hirsch@businesswire.com

Transparency in Financial Reporting and Media Communications

Hosted by Business Wire Silicon Valley

It has become increasingly difficult for the public, investors and regulators to understand how public companies report their corporate stories. With the recent financial crisis, there is a greater need than ever for transparency in reporting financial performance, as well as meeting corporate disclosure and accountability standards. Join Business Wire Silicon Valley and an expert panel for a discussion on corporate transparency, media communications, best practices and experiences in covering financial news from the larger tech companies in the Bay Area. Business Wire and the Tech Museum of Innovation will host the panel, which will be moderated by Steve Trousdale, Business Editor, San Jose Mercury News and will include Aaron Ricadela, Business and Tech Writer for Business Week, Shana Lynch, Associate Editor for the Silicon Valley Business Journal and Michael Liedtke, Tech Reporter, The Associated Press. This event is free for Business Wire members and $15 for non-members.

Thursday, September 3 at 8:30am PST
The Tech Museum of Innovation
201 South Market Street, San Jose, CA 95113
To register: Please RSVP to Eric Baker at Eric.Baker@businesswire.com or call 408.970.4550 by Tuesday, Sept. 1 with the subject line: “Media Breakfast: Transparency in Financial Reporting and Media Communications”

For more upcoming local Business Wire events or to see what’s coming up in our award-winning webinar series, visit http://www.businesswire.com/portal/site/home/business-wire-events.

Follow Business Wire events on Twitter! Hash tag #bwevents


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