PR Newswire announced today the formation of a Disclosure Advisory Board comprising leaders in the corporate, regulatory, investor, reporting and academic communities. Members of the Board will meet to debate current disclosure and governance issues, and based on the discussions, propose "best practices" for improved financial and corporate reporting.

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PR Newswire's Chief Executive Officer Charles Gregson, said, "It is PR Newswire's intention to create a forum for discussion among those professionals who define, shape and execute disclosure. The goal of the Board will be to advance the quality and usefulness of disclosure, while anticipating the future trends that will shape the way public companies communicate around the world."

The first meeting of PR Newswire's Disclosure Advisory Board will take place in late July in New York. Topics to be discussed in this and future meetings may include earnings guidance, corporate governance disclosure and its value to investors, major shareholder disclosures, improving financial disclosure for individual investors, non-financial reporting, XBRL and how it impacts disclosure, and the disclosure obligations of small companies, among others.

To date, PR Newswire's Disclosure Advisory Board includes the following individuals:

  -- Jack L. Kelly, Co-Head, Industrial Research Team, Goldman Sachs
  -- John Bierbusse, Retired equity research analyst, A G Edwards
  -- William A. Relyea, Managing Director, H.C. Wainwright & Co., Inc.
  -- Kurt Stocker, Member of the Board of Directors of NYSE Regulation, Inc.
     and Chairman of the New York Stock Exchange Individual Investors
     Advisory Committee.
  -- Janet Fisher, Partner, Cleary Gottlieb Steen & Hamilton LLP
  -- Deborah Kelly, Partner, Genesis Inc
  -- Mary Beth Kissane, President & Founder, Corporate Perception Research
  -- Valerie Haertel, VP/Director of Investor Relations, Alliance Capital
     Management
  -- Jerry Hostetter, VP/Director of Public Relations and Investor
     Relations, Smithfield Foods Inc.
  -- Sam Levenson, SVP Corporate and Investor Relations, Cendant Corp.
  -- Diane Salucci, Senior Vice President, Bear Wagner Specialists, LLC
  -- Anna Sussman, Director, Investor Relations and Corporate
     Communications, Pharmion Corporation
  -- Mark Hynes, Managing Director, Investor Relations Services, PR Newswire

PR Newswire facilitates the disclosure of material news for more than half of the public companies listed on the New York Stock Exchange, American Stock Exchange and the NASDAQ Stock Market that use a newswire to distribute their news. PR Newswire is also a recognized disclosure vehicle in the United Kingdom, and provides news distribution services for companies throughout Europe, Asia, Latin America and the Middle East. The company plays a critical role in educating the corporate, investor and regulatory communities around the world on issues of disclosure and transparency. PR Newswire has served on various organizations, including XBRL US, Enhanced Business Reporting Consortium, The Committee of European Securities Regulators, and the Investor Relations Society.

About PR Newswire

Now in its 52nd year, PR Newswire Association LLC (http://www.prnewswire.com/) provides electronic distribution, targeting, measurement and broadcast services on behalf of some 40,000 corporate, government, association, labor, non-profit, and other customers worldwide. Using PR Newswire, these organizations reach a variety of critical audiences including the news media, the investment community, government decision-makers, and the general public with their up-to-the-minute, full-text news developments.

Established in 1954, PR Newswire has offices in 11 countries and routinely sends its customers' news to outlets in 135 countries and in more than 40 languages. Utilizing the latest in communications technology, PR Newswire content is considered a mainstay among news reporters, investors and individuals who seek breaking news from the source. PR Newswire's leading services include ProfNet Experts(SM), eWatch™, MEDIAtlas™, Search Engine Visibility (SEV), MediaRoom, MediaSense™ and MultiVu™. PR Newswire is a subsidiary of United Business Media plc of London.

  Contact:
  Jason Rando, The Ruth Group
  646.536.7025
  jrando@theruthgroup.com

SOURCE: PR Newswire