PAIS Panel: Announcement of Meeting #2

The material copied below had been published on a web site maintained by the New York Society of Security Analysts ("NYSSA"), and was accessible from a link on a summary page for the "PAIS" Panel, which was organized in association with the NYSSA Forum Program addressing "Amazon.com: Responsibility for Investment Information."

PAIS Panel Meeting #2: The Journalist’s View

3:30pm - 5:30pm, Tuesday, October 10, 2000

NYSSA - Suite 4447, One World Trade Center, New York City

Lead Speaker:

Charles L. Hill, Director of Research, First Call Corp.

Panel:

Gary Lutin (Panel Chairman), Lutin & Company

Peter F. Brennan, Chairman, Corporate Governance & Shareholder Rights Committee of the New York Society of Security Analysts

Charles M. Elson, Director, Delaware Center for Corporate Governance

Elizabeth A. Fender, Director, Accounting Standards, AICPA

James C. Goodale, former Vice Chairman of the New York Times and host of PBS TV's "Digital Age"

Russell Grandinetti, Treasurer, Amazon.com

Faye I. Landes, Senior Research Analyst, Sanford C. Bernstein & Co.

Kurt N. Schacht, COO, Evergreen Asset Management

At its second open meeting, scheduled for 3:30PM on Tuesday, October 10^th, the Performance Analysis and Information Standards (“PAIS”) Panel will address the journalist’s view of information used by analysts.  The essential question is:

What do journalists expect of the information provided by analysts, in order to satisfy what the public expects of journalists?

In this context, the Panel expects to return to some of the issues of information integrity raised at its first meeting, including controversial uses of “pro forma” numbers and the increasing demand for nonfinancial performance measurements and other new “metrics.”  Attention will also be directed to the impact of  Regulation FD on the types of information available to analysts and journalists, and on the way the information is used.

Chuck Hill, First Call’s director of research and one of the most recognized commentators on analyst perspectives, will be the meeting’s lead speaker.  In his position as what may be considered an analyst of analysts, Mr. Hill is uniquely familiar with both the analyst and journalist viewpoints.  The Panel is especially interested in hearing his elaboration of recent comments on the need for standard definitions of information and on evolving requirements for professional recognition.

Open to the public and to the press, the meeting is hosted by the New York Society of Security Analysts at its conference facilities on the 44th floor of One World Trade Center, New York City. Additional information can be found at the NYSSA web site:

 <http://www.nyssa.org/governance/pais.html>