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	Phil's Blogservations Sunday, August 03, 2008 Posted by philgomes 2:06 PM 'Bout Damn Time 'Bout Damn Time Spent the last half of last week talking to financial communications and investor relations experts about the long-overdue admission from the SEC that, ya know, publication on a company Web site can in fact be "disclosure". Come on in, oh weary, creaky, rusty, seventy-four-year-old regulatory giant, too content for too long with wielding blunt instruments intended to restrain John D. Rockefeller and J.P. Morgan... The water is... Well... The water has been here for almost two decades or nearly a quarter of your lifespan. It always struck me as funny that the SEC seemed to consider the Web (read: one of the world's most open, pervasive forms of communication) as actually less a forum for "fair disclosure" than, say, the wires. The reactions online have ranged from thoughtful to amusing. (The rhetorical arc of the TechCrunch piece is more or less "The press release is dead! Long live the social media press release!" You find yourself humming "The Battle Hymn Of The Republic" about two-thirds of the way through.) I'm paying closer attention to XBRL and related initiatives. In fact, look for standards and practices for how a company might use its Web site for material disclosure. (You can't tell me that the SEC is going to let companies slap together a "social media newsroom" any old way and have it pass muster.) Can't wait for the reaction from Jonathan Schwartz and Mike Dillon, the Sun executives who have been pushing this issue the hardest. Technorati Tags: sec, regulatory, investor relations, ir, public relations, pr | HOME | OBSESSIONS | FAQ | HEROES | CAREER | BLOG | CONTACT Note that the views expressed on this site do not necessarily reflect those of Phil's employer, its business partners, its clients, or anyone or anything that doesn't come from Phil's demented imagination. Hell, to be perfectly honest, even Phil disagrees with what he thinks sometimes. This site has virtually no redeeming qualities whatsoever. Clicking on a link doesn't automatically send a 1/2-cent donation to UNICEF. You can't buy, sell, auction, swap, find a date, win friends, influence people, cross the chasm, or decode the human genome using this site. You won't get free email. You won't win a free video game console. This site will not end world hunger, foster peace in the Middle East, help you smell better, teach you how to swing dance, or move the global economy from petroleum to hydrogen fuels. You'll learn a lot about this site's master, though, which amounts to a haphazard collection of strange and useless facts that pretty much won't help you at all.	ABOUT THIS BLOG This is the blog of Phil Gomes, SVP with Edelman Digital and senior advisor to the Society for New Communications Research. This blog not only discusses PR and media matters, but Phil's everyday observations about a variety of topics. Phil currently resides in Chicago, IL. EMAIL phil[at] philgomes.com View my page on PROpenMic SYNDICATE Feedburner ARCHIVE YAHOO! IM SKYPE WISH LIST PITCH POLICY MY PHOTOS www.flickr.com Photostream RSS Enter your Email Powered by FeedBlitz COMMENT AND TRACKBACK POLICY Comments and trackbacks are unmoderated, though I will delete the patently offensive ones. Any comments and trackbacks are the opinions of the individual writer of those comments and trackbacks, and not those of Phil Gomes, his employer, its clients, or its business partners. If you have a bone to pick, bug the people who wrote the comment or trackback.