Just released this morning, David Brown the past Chairman of the Ontario Securities Commission has agreed to be on the Q4 Advisory Board. Here’s an excerpt from the press release:
“When it comes to disclosure, compliance and securities legislation, David Brown is a respected international authority,” said Darrell Heaps, President and CEO of Q4 Web Systems. “David Brown joining Q4 Web Systems – a firm that helps public companies comply with the very securities laws and best practices he helped shape – is the kind of confidence-inspiring move that capital markets notice.”
For many North American issuers, the corporate web site is a big potential liability under Sarbanes Oxley and Bill 198, with disclosure controls often non-existent or riddled with gaps. “What makes Q4 Web Systems a world leader,” said David Brown, “is they are first to market with a software solution that tracks and records everything that appears on a corporate web site in real time, and does so in a way that is simple and easy to use.”
The full press release can be found on the Q4 web site: OSC Past Chair David Brown Joins Q4 Web Systems Advisory Board
Technorati Tags: Ontario Securities Commission, David Brown, Q4 Web Systems, Investor Relations, Securities Regulation, Bill 198
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We’re thrilled to be a sponsor of this year’s IR Magazine Awards. Across six continents, the IR Magazine Awards are the definitive measure of outstanding investor relations performance. In 2007 this prestigious black tie event marks its tenth anniversary in Canada. Judging from some of the comments made by members of the Canadian IR community, this is a real cause for celebration:
“The Academy Awards could take a lesson.”
“The event has elevated the profession.”
“We are proud to invite guests.”
“A wonderful gathering place for the best of the best.”
Technorati Tags: Investor Relations, IR Magazine, Q4 Web Systems
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Last week, on Dec 13th the SEC announced a number of coming changes. Of those related to us here at Q4 they first adopted a rule that will save corporations the expense of mailing financial reports and proxy statements by enabling them to communicate with the vast majority of their investors through the Internet. (Investors can continue to receive paper copies of proxies and other material through the mail if they request them.) What this translates to is an increase in the use of the Internet to manage shareholder communication and disclosure. For more commentary check out Dominic’s post titled With e-proxy, SEC signals it gets the Web.
The other major announcements related to the auditing rules and specifically section 404 of the Sarbanes-Oxley Act which requires public companies to assess the controls they have put in place to ensure that their financial reports are reliable. The SEC will allow executives to evaluate the design of only those financial controls that might carry the risk of having a material impact on financial statements.
“Companies of all sizes and complexities will be able to conduct their evaluations more effectively and efficiently by following the proposed guidance,” Mr. Cox said. “As smaller companies have less complex internal control systems than larger companies, this approach enables smaller companies, in particular, to scale and tailor their evaluation methods and procedures to fit their own facts and circumstances.”
For a complete article visit The New York Times S.E.C. Eases Regulations on Business Technorati Tags: SEC, Compliance, Christopher Cox, Sarbanes Oxley, Sarbanes-Oxley Act, SOX, e-Proxies
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Today, the Internet is the dominant channel for investors and regulators who research publicly-traded companies. Decisions to buy, sell, recommend, downgrade or even investigate companies are often influenced by information gathered from corporate web sites. And the information that forms this decision-making is not limited to core documents and filings, such as press releases and financial reports. Content dealing with strategic growth initiatives, market opportunities, competitive or industry information, SWOT analyses, project or product information — in fact anything which might position your investment opportunity could be seen as material information.
This is an excerpt from a recent article added to the Q4 site titled - How vulnerable is your company?
Technorati Tags: disclosure, disclosure risk, risk managament, compliance, securities regulation, Sarbanes-Oxley, SOX, Bill 198
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On December 7th we Q4 sponsored the CICA Corporate Reporting awards. Congratulations to all the winners. If you would like to download a copy of the awards book visit the CICA web site.
Here’s a snapshot of our new booth at the event, doesn’t it look nice?
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Crystallex International has selected Q4 Server to manage their online disclosure efforts and reduce web site risk. We’re pleased to add Crystallex as part of our continued growth within the TSX resource sector.
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To get the most out of your Q4 system we are now providing online training on a regular basis. Every Friday from 12:30pm to 1:00pm Chris Jones our client specialist will be conducting an interactive WebEx session to help you get the most out of your system. Each of these sessions will also be archived and made available for On-Demand viewing at your convenience. To participate in the meeting you’ll need to register at https://q4websystems.webex.com/meet/chrisj.
This week’s session will cover an overview of previewing, publishing and workflow for about 15 mins followed by questions and answers. If you are a client please sign up right now - if you are a potential client please contact our VP Sales, Catherine Crofton (catherinec@q4websystems.com) to set up a meeting tailored for you.
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If you haven’t heard, Internet Explorer 7 is now available. It was soft launched last week and has a number of very useful features. If you use IE you’ll soon receive a notice to download the new version. We recommend that you do, you won’t be disappointed.We are happy to say that our entire suite of Q4 products are IE7 compatible. As well, all of our customer web sites have been seamlessly upgraded to be compatible with IE 7. However, seems like this latest release has taken some vendors by surprise. See the IR Daily post “IE7 Launches, Dump Big Vendors Now” from November 6 for more details.
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This article on IR Web Report was interesting from a number of view points. Obviously issuers need to pay attention to the navigation, structure and content of their web sites in order to meet the expectations of the investment community and make it easier for users to access information. Also, even though a company may think they are handling their online disclosure appropriately, the fact that users can move through information on the web in a myriad of ways (not only in the order it was meant to be presented in – as in turning the pages of a book) means that the company loses control over the impression they create. So even if their core documents are airtight, they may be presenting information outside of core documents that unwittingly provide an unintended impression. And according to Civil Liability legislation, this information can still be considered material if the content impacts share value or transfer).
Not only do issuers need to work with consultants who understand what to communicate and how to layer content effectively, but they also need to capture a record of their online communications. This record needs to include what was said, who approved it, when and where the information appeared and the context in which the information was presented. Q4 Web Systems is the only company that provides an automatic record within its IR web solutions.
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On December 7, 2006 we will be sponsoring the CICA corporate reporting awards luncheon. This prestigious awards program honours the best corporate reporting models in Canada. The top 50 companies per industry sector listed on the TSX (as of March 31, 2006), with a market cap of over $200 million and incorporated in Canada are eligible to participate.
We’re thrilled to be sponsoring the event alongside TSX, Fasken Martineau DuMoulin LLP, PricewaterhouseCoopers LLP and Canada NewsWire.
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