I think the community has enough trust in the senior members to know that they will not indulge in pump and dump schemes. (Pump and dump meaning hyping up a stock they have a position in with the objective of offloading their holding to the new buyers who have been taken in by the hype). The fact that Senior Members (effectively the discoverer of the ideas) will have more information prior to the others is unavoidable (Information asymmetry).
That having been said, I think the Senior Members/Core team putting out a code of conduct on their own is a great thing. I assume that what the senior members want to achieve is to avoid (to the extent possible) information asymmetry.
Information asymmetry can be avoided by two methods:
1) Full confidentiality - Hard to achieve in today's connected day and age
2) Full disclosure - Unfair to the discoverer of the idea
The code of conduct that has been suggested makes a lot of sense towards that goal and strikes a reasonable balance between the two methods.
From reading this thread it seems that there have been instances where stock prices have run up even on information that a management Q&A has been scheduled. While this goes to show the credibility of valuepickr it also has the potential for misuse.
Can I suggest that if an idea is being seriously considered by the VP senior team, updates on progress can be provided to the community? For example if a management Q&A/site visit is being sought/has been scheduled, that information may be posted to the thread of that stock?
@Donald - One thing I'd like to point out is that management isnt supposed to be sharing material non public information selectively with anyone. If you think they have shared material non-public information with the team as part of the Q&A, you might want to advise them to consider publishing it on their website as well.