{"id":6328,"date":"2023-07-06T15:53:56","date_gmt":"2023-07-06T19:53:56","guid":{"rendered":"https:\/\/inspirgroup.com\/?p=6328"},"modified":"2023-07-06T15:53:56","modified_gmt":"2023-07-06T19:53:56","slug":"co-ceos-and-investor-relations","status":"publish","type":"post","link":"https:\/\/inspirgroup.com\/en\/co-ceos-and-investor-relations\/","title":{"rendered":"Co-CEOs and Investor Relations"},"content":{"rendered":"

Co-CEOs and Investor Relations<\/strong><\/h3>\n

What the financial community will expect\u2026 <\/strong><\/h4>\n

Last month, HBO aired the grand finale of Succession<\/em>. After four seasons of corporate treason, corporate governance scandals, failed transactions and personal drama, we finally found out who succeeds Rogan Roy at Waystar Royco, the multimillion-dollar media and entertainment conglomerate. Don’t worry, we\u2019re not sharing any (important) spoilers.<\/p>\n

Following a major event, Waystar Royco’s board appoints Kendall and Roman Roy, brothers and sons of the former CEO and Chairman, as interim Co-CEOs. Taking a look at how the scenario unfolds in reality: what would this decision mean from an Investor Relations perspective? What questions would your analysts and investors ask?<\/p>\n

Co-CEO announcements are often met with skepticism, but under the right circumstances and with the proper structure there\u2019s a favorable correlation between shared CEOs leading a company and strong business performance. According to a 2022 Harvard Business Review study<\/a>, the 87 publicly traded companies with co-CEOs outperformed their peers, reflected in a 9.5% average annual shareholder return- compared to the 6.9% average for each company’s respective index.<\/p>\n

Aside from the ongoing debate: what should companies and boards expect from a Co-CEO arrangement? What will the market want to know? Below are some important considerations that IROs and their teams should be prepared to address:<\/p>\n