We have a structured set of initial Code - sent in generously by Mr M, as below. He is the one who helps us flesh out important VP initiatives by taking the trouble to crisply detail initial guidelines.
This is up for discussion/debate ...and as he says Work-in-Progress...to be progressively refined with Member inputs and our experience down the line.
Please keep pouring-in your thoughts/expectations of the Forum and Members - especially those involved majorly in the Stock Story build-up-Management Q&A-and Reccomendation value chain.
I assume we are talking about code of conduct for those members of VP team who are doing the Management Q&A and closely involved with the Stock story concerned.So for a given stock, VP members who will be involved should be identified (referred as Members here)
Some thoughts (subject to review/debate):
Transparency, fairness and confidentiality are the three guiding principles for the code.____
Code becomes effective on the date Management Q&A is confirmed by the company or Recommendation is published whichever is earlier (sometimes you publish reco without prior management Q&A) ____
(a)Confidentiality to be strictly exercised by the members involved____
(b)None of the member shall disclose (âtipâ) any material non-public information about the company to anyone outside that team till it is published.____
(c )He/she shall not shall make recommendations or express opinions on the basis of that material, or non public information on any other site/forum/advisory firm etc____
(a) Each member of VP team involved will disclose whether he/she or his associates are invested - long/short____
(b) I think exact quantity etc need not be published in interest of protecting the members. But to give some idea of**materiality**, we can add whether member has just a token investment (like sometime 1 share for tracking) or a substantial position (say > 5% of portfolio) that shows the interest.____
(c) Itâs possible that member is holding it for long which is very different from one initiating it when he/she got involved with the story. So some sense of timing in that disclosure â Old, Recent, Current will be an indicator____
In general, publication of any Management Q&A and Recommendations on VP portfolio should be doneon Fridayevening orSaturdayto be fair to all. If on working days, it should be late evening.____
To the extent possible, there should not be any prior tips or highlights. Members would finish their diligence amongst themselves and then publish the collective work in one shot.____
Itâs a self regulated group so basically members themselves____
Any member found in breach of the code to be blacklisted in the VP community____
Moderator group can determine the event.____
What action to be taken should basically come from other active members.____
All investors/readers will consult their financial advisors, do their full due dilligence in their own interest and not base their decisions merely based on information on VP. Read the full disclaimers.
Other VPs will pool their thoughts. This will be work in process to be successively fine-tuned.