INSIGHTS
Why Investors Care So Much About Who Is On Your Board
“… [E]xecutives who view boards as a nuisance only undermine themselves and the company’s prospects for long-term growth.” Larry Fink, CEO, BlackRock (January 2018) “… [T]he...
Small-Cap CEOs: Think Twice Before Adding a Large-Cap Executive to Your Board
By Adam J. EpsteinSmall-caps often contain directors who are new to the small-cap world, having spent their careers operating, governing, or advising large-cap...
A Step By Step Approach to Avoiding Common Mistakes When Board Members Engage with Shareholders
A special thanks to iconic boardroom lawyer, Bob Lamm, for his invaluable advice and contributions to this piece.There was a time in the not too distant past when board...
Webinar: Small-Caps & Media: Dos and Don’ts From a WSJ/Bloomberg Veteran
CEOs ask us regularly for advice about how to exceed investor expectations when interacting with the media. Paul Barrett worked as a journalist for more than 30 years,...
“About Us” Videos Are a Necessity, but Less is More
By Small-Cap Institute.There is no doubting that we live in a video world. More than 1 billion hours of videos are consumed each and every day on YouTube. Despite this,...
The Credibility-Destroying Earnings Q&A Reply
By Small-Cap Institute.Investor: “I saw the cash balance at quarter end. Do you need to raise more capital?” CEO: “We have no plans to raise capital at this time.” [12 days...
Issuer-Paid Equity Research Coverage: Should You or Shouldn’t You?
By Small-Cap Institute.One of the most impactful changes in the equity capital markets over the last few decades is the well-chronicled decrease in sell-side “research...
3 Critical Small-Cap Challenges Awaiting New Board Members That No One Talks About
By Small-Cap Institute.After having undertaken thorough diligence with respect to a prospective small-cap board opportunity, a common question for first-time board members...
When Your Company Has Bad Financial News… Don’t Do Any of These Things
By Small-Cap Institute Business performance is not linear and is often challenging to forecast. Every public company is going to have bad news periodically. It is a...
SPACs Have Revitalized a Misunderstood Small-Cap Financing Mechanism: PIPEs
By Small-Cap Institute According to research about the SPAC market by global law firm Freshfields, 69 percent of the consummated SPACS in 2020 were supported by PIPE...
A Differentiated, Practical Methodology for Analyzing Public Company Board Seat Opportunities (public)
By Small-Cap Institute[This is a truncated version of a more thorough piece for SCI members. If you are an officer/director of a public company, you can join here to view...
Table of Contents
An overview of Small-Cap Institute’s content library.
SCI Exclusives: Unique Small-Cap Boardroom Challenges with Fund Manager Joseph Manko
This is the third in a new series of live interviews (SCI Exclusives) undertaken by Small-Cap Institute’s (SCI) editorial advisory board member, Amanda Gerut, where SCI will...
Three Hard Truths About Email Most Executives Overlook
By Small-Cap Institute This was adapted from an advisory bulletin recently written by the chair of our editorial advisory board, Adam J. Epstein.Most disastrous boardroom...
SCI Exclusives: From Large-Caps to Startups with Tech Veteran Caroline Tsay
This is the second in a new series of live interviews (SCI Exclusives) undertaken by Small-Cap Institute’s (SCI) editorial advisory board member, Amanda Gerut, where SCI...
SCI Exclusives: A Candid Interview with Legendary Fund Manager John W. Rogers, Jr.
This is the first in a new series of live interviews (SCI Exclusives) undertaken by Small-Cap Institute’s Amanda Gerut, where SCI will be spending time together with...
Webinar: Better Investor Meetings with the Buy-side
Small-Cap Institute's founder, David Scher, was hosted by Paul Dorfman, Head of LIstings - NYSE American, for a webinar discussing some of the ways companies can improve...
It Might be Time for Small-Caps to Start Caring About ESG
Nasdaq data shows it could significantly impact your future ability to attract and retain investors.by Amanda GerutSo far, sustainability and environmental, social, and...
Investors’ Favorite Small-Cap Boardroom Hire
Unlike in most mid- and large-cap companies, it’s common for small-cap companies to be operated and governed by those who are either new to public company roles, or by those who lack significant experience operating and governing public companies.
Examples of Great Small-Cap Boards in Action
Spend enough time in boardrooms, and you will find that transformative governance often starts in innocuous ways. A shift in one board member’s body language may open the...
SUBSCRIBER CONTENT
Investor Relations: Hiring the Right Firm and Setting Expectations
Many small-cap companies view investor relations (IR) as a necessary evil, or simply a cost of being a public company. Consequently, they do a poor job of purchasing IR services, and cycle restlessly between different firms. But it doesn’t have to be this way, and...
There Are Good Reasons Why Most Small-Cap Buy-Backs Are Ignored… Or Worse
Small-cap companies undertake a variety of measures – often under pressure from shorter-term investors or misinformed service providers – aimed at increasing share price sooner versus later. One of them is stock buy-backs. But more often than not, officers and...
Memo to Small-Cap Boards: Don’t Outsource Your Proxy Filings to Lawyers
Considering that greater than 80 percent of shareholder activist campaigns each year are waged against small-cap companies, it is critical for small-caps to communicate clearly about the issues investors care most about. Notwithstanding the fact that annual proxy...
Non-Deal Roadshows: A Primer
by James CarbonaraWhat is an NDR (non-deal roadshow)A non-deal roadshow, or NDR, is a series of investor meetings not associated with an active deal or active financings. That said, if you raise money in the future, investors you meet with on an NDR are potentially...
There’s Only One Replicable Way to Select the Right Investment Bankers: Start with Data
Small-cap companies choose investment bankers for many reasons: “they showed a lot of interest in us.” “they really seem to ‘get’ what we do.” “they’ve done our last 4 financings.” “a banker who we’ve worked with in the past, just joined this bank.” “they always...
Selecting ATM Bankers
At-the-market offerings (ATMs) are unique financing mechanisms, because stock is sold intraday – without a fixed price – into the natural flow of trading. Unlike other financing mechanisms, ATMs provide issuers with a high degree of control over the timing, size, and...
How Sell-Side Research Analysts Make Money: An Insider’s Primer for Small-Cap Officers and Directors
By Shawn SeversonSmall-cap officers and directors often understandably lack a thorough understanding of the “business” of sell-side equity research. Without an accurate rendering of the drivers and economics of the research business, it’s hard to have realistic...
5 Common Mistakes Small-Caps Make When Purchasing D&O Insurance
By Priya Cherian HuskinsD&O insurance, the insurance that is designed to respond when directors and officers are sued by plaintiffs or regulators like the Securities and Exchange Commission, is important for small cap companies. D&O insurance’s ability to do...
Moving Beyond 5 Common Cybersecurity Myths to the Real Goal: Resilience
Ben Cotton and Mike McGlynnCybersecurity is in the news daily due to high profile breaches at companies like Equifax, Marriott, Yahoo, and Sony. But despite endless media commentary and best practices memos from professional service firms, misinformation still reigns...
Navigating the Twists and Turns of Director and Officer Risk Today
Priya Cherian HuskinsWhile it is true that large cap companies are sued more frequently than small cap companies, directors of small cap companies are right to be thoughtful about the litigation risks they face. What follows is a round-up of current issues. Securities...