IRRC and TrueCourse Join Forces to Develop a Governance Index to Meet
the Investment Community's Demand for Objectivity
WASHINGTON, Oct. 2 /PRNewswire/
-- The Investor Responsibility Research Center, Inc. (IRRC) announced
today plans for a strategic partnership with TrueCourse, Inc., a New
York based financial research firm specializing in takeover defense
intelligence, to provide a fact-based corporate governance scoring
system and related products. Institutional investors and corporations
alike have expressed a need for an objective corporate governance
product that provides value-added analysis based on clearly identified
factors which investor, corporate and professional decision-makers
consider relevant to the "health" of a corporation, and consequently,
true shareholder value in that corporation.
IRRC's CEO, Linda Crompton said,
"With the growing importance of corporate governance, our clients'
needs will be met with the launch of a product based on IRRC's high
quality, objective, and independent research and the product
development and research skills of TrueCourse."
The product will feature a
scoring system developed interactively with key market constituents.
Advisory panels consisting of representatives from a broad range of
investor, corporate, and professional organizations will identify the
quantitative factors to be covered by the scoring system. To ensure
that the scores reflect market views, IRRC will survey their client
base to determine how U.S. institutional investors actually weight the
relative importance of factor categories.
TrueCourse will develop a web
product for analyzing and benchmarking the data used for the new
scoring system. This searchable database will be based upon the
technology of http://www.sharkrepellent.net with additional features
to reflect the unique needs of corporations and investment
"In an era of governance ratings
overload, the key isn't who has the most data, it's who has the most
objective data," said Jim Sussmann, President, TrueCourse. "Our
process will help establish industry standards based upon extensive
market participation. Our products will provide insight and give
members of the investment community what they need, when they need
Carol Bowie, IRRC's Director of
Corporate Governance Services and a leading speaker on executive
compensation issues, noted, "Companies can be guaranteed no conflict
of interest since we will not be negotiating input from a corporation.
Our product will be developed with total transparency and all
companies covered will have the opportunity to view their scores
without any charges or other conditions."
TrueCourse brings to the alliance
an exceptional track record of researching and delivering complex data
with a user-friendly interface and a high degree of functionality.
IRRC's reputation for impeccable research, in-depth understanding of
corporate governance issues, and unquestioned ethics will offer the
marketplace new options to meet their pressing needs.
About IRRC: Founded in 1972,
IRRC is the world leader in high quality, impartial research on
corporate governance, proxy voting, and social responsibility issues
affecting investors and corporations. IRRC's clients include
institutional investors, labor unions, corporations, law firms, and
socially responsible organizations. For additional information on IRRC
products and services, visit http://www.irrc.com.
About TrueCourse, Inc.:
TrueCourse is the leader in takeover defense intelligence. Through its
web product, www.sharkrepellent.net, TrueCourse addresses the needs of
investment banks, law firms, corporations and institutional investors.
For additional information, visit http://www.truecourse.com/governance.
SOURCE Investor Responsibility
Research Center, Inc.
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Newswire Association LLC.