Inside information escapes as sound before it escapes as data.

The issuer's problem

Listed companies operate under continuous disclosure regimes in which the perimeter around inside information is a legal obligation. Enormous investment goes into controlling documents and systems, insider lists, wall-crossing procedures, secure data rooms. Meanwhile the same information is discussed aloud, repeatedly, in boardrooms and executive suites whose electronic integrity has never once been verified.

The exposure peaks on a predictable calendar: results preparation, audit committee sessions, transaction deliberations, leadership changes. Anyone who can hear those rooms holds tradeable information and the issuer's reputation in their hands. In contested control situations, activist campaigns, hostile approaches, boardroom splits, the incentive to listen rises further, and in our experience, so does the frequency of actual attempts.

How we support issuers

• Board calendar alignment, inspections scheduled automatically ahead of board and committee meetings, results preparation and announcement periods.
• Boardroom and executive floor assurance, the chairman's office, CEO and CFO suites, company secretarial areas and the rooms where results are rehearsed.
• Transaction perimeter support, deal rooms, adviser meetings and off-site negotiations protected through the life of a transaction. See Boardroom Electronic Audit.
• Contested situations, heightened coverage during activist engagement, control contests and disputes, when both the stakes and the collection incentive peak.
• Documented governance control, dated, methodical assurance reports suitable for audit committee records, demonstrating reasonable steps in the protection of inside information.
• Leak response, where price-sensitive information has surfaced, disciplined investigation that establishes the channel while managing regulatory and disclosure sensitivities with counsel.

Governance, not gadgetry

We position electronic privacy where it belongs for an issuer: alongside internal audit, information barriers and disclosure controls, as a periodic, documented, independent assurance activity. The board sees a control operating; the company secretary sees a report for the record; the market, ideally, never sees anything at all.