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Re: Where are Canadian Corporate Blogs?
by
AGORACOM
Mark, given the fact Agoracom provides online investor relations for small-cap public companies (using monitored discussion forums), I think I can provide some practical feedback on this matter:
1] Time - The public will have to realize that CEO's can not blog with the frequency of today's bloggers. At best, you can expect a post every couple of weeks. As such, blogging is summarily dismissed by communications directors.
HOWEVER, for the investment community, that kind of personal contact would be well accepted. Investors don't want their CEO's typing out messages everyday - but would appreciate some periodic personal contact. If we can get this message to CEO's, we might be able to knock down the big barrier of believing blogs require daily posts.
2] Comments - You can bet that comments from investors would come in fast and furious. No CEO would be able to keep up and respond. That leaves you with two options. First, responses come from staff - but that eliminates the purpose of comments. Second, you remove comments all together and hope investors are happy to just receive personal messages.
3] Legal - I agree with you that if GM and Sun can run blogs, why would anyone else worry? The threat of litigation is deeply entrenched within the corporate cultre of public copanies, so you probably need a strong personality at the top to overcome it. Expect this to be the biggest barrier.
4] Personality - You and I know that personality goes a long way to making a blog interesting and successful. Unfortunately, so many CEO's are handled, coached and use canned messages to the point they've lost their ability to just be themselves. As such, there is a huge fear factor that - in my experience with CEO's - is warranted.
Conclusion - Blogging by CEO's will roll-out very slowly for the foreseeable future. It will only accelerate once either of the following events occur:
a) A high-profile CEO begins blogging and others are forced into it;
b) Blogging becomes widely used and accepted by the investment community.
"A" could happen anytime. "B" will take 2-3 years and is the most likely scenario.
Hope this helps.
Best,
George
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