The IR Magazine has published the results of a survey on the impact of Covid on IR globally. It’s not gloom and doom, but there are some key takeaways
- a third of IR teams expect their budgets to be cut (and a much higher proportion in Asia)
- more cuts are expected for IRs at small caps than large caps
- IR team sizes are expected to be broadly unaffected, with no obvious regional biases
- senior management has been more “hands-on” in IR than usual
- after an initial decrease in external providers, outsourcing is expected to become much more common going forward, particularly in small companies
The report goes on to cover working practices and give interesting stats on the use of virtual roadshows and conferences.
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