NIRI-NY's January 15 Meeting to Focus on SEC's Vision for the Future of Financial Reporting

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Mon Jan 12, 2009 4:44pm EST

Panel Includes Chair of SEC`s 21st Century Disclosure Initiative, Dr. William
Lutz
NEW YORK--(Business Wire)--
The New York Chapter of the National Investor Relations Institute (NIRI-NY) will
hold a meeting on Thursday, January 15, 2009 on "The Future of Financial
Reporting." Dr. William D. Lutz, appointed by the Securities and Exchange
Commission (SEC) in June 2008 as Chair of the SEC`s 21st Century Disclosure
Initiative, will discuss the blueprint for future Commission action to improve
disclosure to investors and streamline the collection of data from public
companies. This initiative will introduce IDEA (Interactive Data Electronic
Application), a system for public company reporting that ultimately will replace
the current EDGAR system. 

In addition to Dr. Lutz, speakers will include William H. Mann, III, senior
investment analyst for The Motley Fool, who will discuss the potential impact of
the SEC`s actions on individual investors, and Jason M. Swiatek, managing
director for Jennison Associates, who will discuss the impact on institutional
investors. The panel will be moderated by NIRI-NY`s Executive VP - Programs,
Michelle Savage, who is Vice President, Communication for XBRL US. 

Dr. Lutz has significant experience in working with the SEC on disclosure
issues, has participated in several SEC roundtables, and has frequently provided
advice on SEC rulemaking. From 1995 to 1999, he played an important role in
advancing the SEC's Plain English initiative by preparing the SEC's Plain
English Handbook, a manual to help mutual funds and public companies write clear
and understandable SEC filings. He is Emeritus Professor of English at Rutgers
University, and the author of numerous books and articles on the importance of
plain-language disclosure. 

Dr. Lutz said, "IDEA is the platform that will give investors the tools they
need to make informed decisions, and the first phase of this new system is being
rolled out right now. Investor relations officers, as the communications link
between investors and management, need to know how in the near future investors
will receive information about their companies." 

Mr. Mann is the lead advisor for "Motley Fool Global Gains," an investment
newsletter service focused on identifying market-beating international stocks.
The newsletter is published by The Motley Fool, founded in 1993 in Alexandria,
VA by brothers David and Tom Gardner, which is a multimedia financial-services
company that reaches millions of investors each month through its website,
books, newspaper column, television appearances, and subscription newsletter
services. 

Mr. Swiatek is a small cap equity portfolio manager with Jennison Associates,
the mutual fund and managed accounts arm of Prudential Financial, which has over
$80 billion in assets. He has served as co-manager of the Jennison Small Cap
Opportunity Fund since 2005. Mr. Switek is a member of The New York Society of
Security Analysts and the CFA Institute. 

Nils Paellmann, President of NIRI-NY and Vice President, Investor Relations of
Deutsche Telekom, said, "The topic of this meeting is very timely and we are
pleased to have an expert panel to discuss the implications for investor
relations officers of the SEC`s plans to improve financial reporting for both
investors and public companies." 

The meeting will take place at the Westin Times Square Hotel, located at 270
West 43rd Street at Eighth Avenue. Registration and networking will begin at
5:30 pm, with the program beginning promptly at 6:00 pm. A networking reception
will follow at 7:00 pm. The event cost is $50 for NIRI members and $75 for
non-members. More information is available at www.niriny.org. To register, email
cleanlists@mindspring.com. To prepay, go to: www.PayPal.com and make payable to
cleanlists@mindspring.com. 

ABOUT NIRI-NY 

NIRI-NY, the founding chapter of the National Investor Relations Institute
(NIRI), is also the largest chapter with over 650 members. Founded in 1969, NIRI
is a professional association of corporate officers and investor relations
consultants responsible for communication among corporate management, the
investing public and the financial community. NIRI members represent the
majority of the largest publicly held corporations in the U.S. as well as many
small and mid-sized companies. With over 4,300 members in 35 chapters around the
country, NIRI sets the highest standards in education to advance the practice of
investor relations and meet the growing professional development needs of those
engaged in the field. For more information, visit www.niriny.org. 





Bernard J. Kilkelly, VP - Communications of NIRI-NY
Vice President-Investor Relations
Delphi Financial Group, Inc.
212-303-4349
bernie-kilkelly@dlfi.com



Copyright Business Wire 2009

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