Canadian Investor Relations Institute

Canadian Investor Relations Institute

June 12, 2007 08:00 ET

CIRI: Investor Relations Profession Maturing and Gaining Importance in Canadian Public Companies

Latest Landmark Survey Shows Increasing Responsibilities and Rewards for Investor Relations Professionals in Canada

MISSISSAUGA, ONTARIO--(Marketwire - June 12, 2007) - The Canadian Investor Relations Institute (CIRI) is pleased to announce the results of its 2007 Investor Relations Compensation and Responsibilities Survey.

"Over the years, the bi-annual CIRI survey has become the pre-eminent reference guide on corporate spending on investor relations, as well as staff compensation and benefits for IR executives in Canada," states Michael Nowlan, President and CEO of Marketwire. "Sponsoring this landmark research is just one of the many ways that Marketwire supports the investor relations profession providing useful tools, information and guidance."

The latest survey provides concrete evidence of how the IR profession is achieving a new maturity and stature in Canada. For example in 2007, 64% of investor relations officers (IROs) work for issuers with separate, specialized IR departments, a three-fold increase since 1997. Moreover, 43% of IRO's now have 6 or more years of IR experience - nearly twice the proportion reported in 1999. Over 350 investor relations executives, a record level of participation, took part in the survey, which recorded detailed compensation, responsibility level and spending data.

"Our 2007 survey confirms the expanding role of investor relations and the increased responsibility levels of IROs, as Canadian issuers manage through volatile markets, growing regulatory reform and increased demands from investors," noted Tom Merinsky, CIRI Chair and Vice President Investor Relations for Finning International Inc. "

CIRI undertook the first survey of Investor Relations Compensation and Responsibilities in 1994. Carolyn Vose and Associates, a professional research firm, conducted the 2007 survey on CIRI's behalf, analyzing trends and changes in the role, responsibilities, resourcing and compensation of the IR profession in Canada.

The Canadian Investor Relations Institute (CIRI) - with chapters in British Columbia, Alberta, Ontario and Quebec - is a professional, not-for-profit association of executives responsible for communication between public corporations and investors. With almost 800 members across Canada, CIRI is dedicated to advancing the stature and credibility of the investor relations profession and the competency of its members. www.ciri.org.

Marketwire delivers news to the world's media and investment communities. Focused on accuracy, timeliness, outstanding client service and innovative, easy-to-use communication tools, Marketwire offers a full complement of news distribution, multimedia, media management and news monitoring services. Marketwire is the only fully integrated North American newswire, with offices across the United States and Canada, as well as a European bureau in London. www.marketwire.com.

Established in 2001, Carolyn Vose & Associates (CVA) is a full-service marketing research and strategy consultancy specializing in the corporate financial and investment sector. CVA conducts benchmarking and perception studies, in addition to research for high-stakes decisions on new products, delivery channels and pricing. www.carolynvoseassociates.com.

Contact Information

  • The Canadian Investor Relations Institute
    Mary Blair
    Director, Operations and Member Services
    (905) 274-1639 x 21
    Email: mblair@ciri.org
    Website: www.ciri.org