What is Financial PR?
Simply put, communicating with the financial public is known as financial public relations. But, then, if all publics are equal in the eyes of PR, how do some publics come to gain special importance with the same PR? In fact, these special publics are quite sizeable in number and form dominant groups in the domain of financial public relations.
They matter more to the organization although no PR and management can ignore any public, and effective communication with all of them is essential for the existence of the organization itself. In general, the financial public, who are of immediate concern to the organization, comprise the following: i) the registered shareholders; ii) the investing community including potential shareholders with available funds for spending or saving; iii) the direct financial community consisting of banks and financial institutions, stockbrokers, and a variety of key players in the global money market, individual or institutional; iv) the financial and economic press in particular should include a large number of newspapers, trade journals other publications and the electronic media in general, who evince interest in economics and finance; and v) the audience in the market scenario comprising the business community, politician, customers, employees, and on specific occasions, the general public.
Role of Financial PR
The role and importance of corporate and financial public relations has come for revaluation against the backdrop of intense communication activity in the financial sector. A sense of vision, objectives, values, styles and appreciation of its own role are the guiding factors for the PR in the centre stage. PR has several avenues of exposure and success to perform its role in the widening canvas of financial public relations. A few examples: i) Assist the company in achieving the corporate