Marketwire
AIM : UPS
NYSE : n/a

Marketwire
CIRI ONTARIO

CIRI ONTARIO
Carolyn Vose & Associates

Carolyn Vose & Associates

July 26, 2005 16:21 ET

Investor Relations: Growing Influence And Rising Rewards, Says 2005 Survey

TORONTO, ONTARIO--(CCNMatthews - July 26, 2005) -

IR Profession Attracts Talent from Diverse Backgrounds

Ninety percent of IR officers have worked in other fields before concentrating on Investor Relations: expanding career opportunities in Investor Relations are drawing executives from varied business backgrounds - most typically finance or communications - according to survey results just released by the Canadian Investor Relations Institute, Carolyn Vose & Associates and CCNMatthews.

Bob Tait, CIRI's President and CEO explains: "Rising compensation and seniority are attracting highly qualified talent to the profession - and whether one's background is investments, communications, finance, operations or business planning, IR can offer a rewarding career. This year's survey reveals how the IR function has gained stature and influence as issuers grapple with escalating demands from regulators, shareholders and the investment community".

The 2005 Member Survey on Compensation & Responsibilities is the fifth in a series - but the first in four years. Based on responses from 271 corporate IR officers and consultants across Canada, Carolyn Vose & Associates conducted the country's largest-ever study of responsibilities, resourcing and compensation of the IR profession. "Our interest in co-sponsoring this landmark study reflects our ongoing commitment to deliver essential tools and valuable information to IR professionals", notes Michael J. Nowlan, CEO of CCNMatthews.

"Most importantly, the survey provides benchmarking data - vital budget and compensation metrics to help companies ensure their IR resourcing is competitive," adds Carolyn Vose, principal of the consultancy that conducted the research. Sample findings from the 84-page report include:

- 15% of corporate IR executives earned $200,000 or more in total cash compensation in 2004;

- A growing proportion of corporate IR officers work for companies with separate, specialized IR departments: 59%, up dramatically from 21% in 1997; and

- The IR function tends to report to the most senior levels - either directly to the CEO/President or through the CFO/Treasurer (43% and 44%, respectively). Almost half (48%) say the IR function has primary responsibility for reporting to the Board and 27% are company officers.

The full report is available from CIRI at http://www.ciri.org/ at a cost of $300 for CIRI members or $500 for non-members.

About CIRI

CIRI - the Canadian Investor Relations Institute - is the second largest association for investor relations professionals in the world with over 700 members and chapters in Montreal, Toronto, Calgary and Vancouver. CIRI is dedicated to advancing the stature and credibility of the investor relations profession and the competency of its members.

About Carolyn Vose & Associates

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

About CCNMatthews

As news distribution experts, the CCNMatthews team is focused on delivering news to the media and investment communities in Canada, the U.K. and around the world. Founded in 1983, CCNMatthews is staffed by over 100 news distribution specialists working from five Canadian offices and one European bureau. CCNMatthews assists clients in meeting both disclosure requirements and communication objectives by providing the means to deliver important messages to media locations and other stakeholder groups, quickly and reliably.

Contact Information

  • Canadian Investor Relations Institute
    Bob Tait
    President and CEO
    (905) 274-1639
    (905) 274-7861 (FAX)
    www.ciri.org
    201, 1470 Hurontario Street, Mississauga, ON L5G 3H4