History from IIRF to IRGL -
The IIRF, International Investor Relation Federation, was originally the brainchild of Neil Ryder and Lou Thompson (respectively the heads of the UK and US investor relations societies) to increase the transparency between all capital markets in the world. It was initially focused mainly on an annual International Conference for members of the national investor relations societies, which ran from 1990 to 2007 when the last IIRF Conference took place in Tokyo, Japan. Today the IIRF network lives a more informal life.
The IRGL or Investor Relations Global League was developed from the IIRF. It started with the Nordic Pilot launched by Financial Hearings and the Nordic IR Societies in 2002, as an “air traffic system” for financial events and financial presentations. It was formally launched together with IIRF as IRGL, IR Global League, in 2003 to create a “mutual exchange of information”.
The IR Global League was ”Kicked Off” by the Mayor of Frankfurt by Lynge Blak and Per-Erik Holmström during the Financial European Cup in Football named Interbourse
IRGL has been operating since 2003 from London and for more than 10 years it has provided an event diary service. From 2013 the main operation moved to Stockholm and in the Nordic region it has also served the market with yearly and quarterly”conflict reports”. The relaunch of IRGL will now smoothly start in the Nordic Region by covering reporting and event dates among 200 Global companies as well as 500 Nordic Companies. IRGL will not produce any events of its own, but has its own rating model and can give advice on presentations together with its many partners.
Vision and Rules
The Vision of the IRGL is to be an “Air Traffic System” for financial events, providing a “mutual information exchange” between market participants. The Global League name is an odd contrast in the financial market but, like other leagues, markets are built on arenas (venues) and clubs or brands (companies) and with star personalities (CEOs, CFOs, IROs and moderators)
The simple rule in iR Global League is that all parties that have something to present have the right to be members. All parties that contribute to members’ presentations have the right to be partners. Many of the parties are therefore both members and partners and the base fee is the same for both parties. In the new model the fee is 500 Euro per Year.
The IRGL company
IRGL Limited is based in London and has an office in Stockholm where some of the daily operations are run.
IRGL Limited: management and board
Lynge Blak chairman and director of IR Global League
Per-Erik Holmström director of IR Global League
IRGL: advisory board
Neil Ryder, Sage Partners, founder of both IIRF and IRGL
Laurence Westerlund, SEB, Inventor of Nordic Pilot together with Nordic Societies and Financial Hearings