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Sunday, July 29, 2018 /
11.24AM / By Editorial Board
As a
company, while we recognize that there may arise occasions where readers,
clients, patrons and partners will request for certain news posts to be
removed, Proshare reiterates its commitment to safeguarding its
reputation built through a conscious best practice effort in putting out news
stories, article or analysis with such consistency, that it rarely
has the need to remove a story.
We might
update one (and indicate such by way of an update in the post), BUT
taking a story down is a very serious matter.
Our best
works are our archives and in the course of fulfilling our information
provider/ publishing mandate; we chronicle bad and good happenings, report
big news and small ones in such a way as to reflect our communities and the
times; all in a bid to help the market and public have access to teachable
moments. This we consider as crucial to the confidence matrix in the
market-public relationship we serve.
Our job as
an information hub is to document history, report happenings in the
business, finance and economic landscape and not erase it. It is why we take
all those steps to sign service level agreements (SLA), partnership publishing
agreements, emphasize acknowledgments, attributions and properly linked
sources. It is why we push ourselves to get it right the first time.
Our works
are not restricted to operators, regulators and investors but to policy makers, researchers, academics and
historians. We consciously publish online whilst making print copies of
materials authored by us available at the National Library, duly documented and
referenced accordingly to ensure that they become public records.
Thus,
removing information that report the occurrences in the public arena of the regulators,
courts and markets, we believe; sets a practice precedent and smacks of elitist
censorship; if not self-censorship on our part. It is something that
goes to the core of our reason for being. Our past experiences in this area,
and operating in the Nigerian environment has provided useful lessons in
reaching this conclusion.
It is
important therefore that we establish rules around the subject as a component
of our practice, editorial guide and include/share same as part of our terms
and conditions of service (T&C).
Our
editorial guide, being a document subject to best practice review of which this
forms a part, is designed to eliminate discretionary practices and ensure that
our standard operating practice recognizes changing dynamics in the operating
environment such as governance practices, standards, privacy rights, data
policy regulations, market regulatory rules, online publishing practices,
market instructions and public interest.
Conditions Precedent and Triggering
Removal Requests
The
news story, post and report summary would have to be wildly inaccurate in fact
and evidence, misidentify a person resulting in damage to one’s reputation, or
endanger a life or going concern of a company (with evidence).
Internally,
where material facts are discovered by any of our teams or brought to our
attention and validated; leading to an update as a first recourse/consideration
(the disclosure of which must be included in a footnote stating when, what,
why and where the revision took place).
Where
this will materially not resolve the issue/request received or observed; an
escalation into the removal phase must be initiated internally.
The Process (Without Prejudice)
If
subject post was authored by us, a determination as to the public interest and
the market interest served in removing or retaining it must be made and our
position and reasons made clear.
The
final decision on any of the above scenarios will be made via a concurrence
between the Chief Business & Markets Officer and the Managing
Editor (or in his/her absence, the Director of Research); who
then gives a formal editorial approval for the Head of IT/COO to govern
accordingly.
The
restriction, suspension or removal of a news post should, does, will not
preclude and definitely not deny the company of availing itself the opportunity
to discharge its interest(s) which may include, but not limited to, making the
information available in an acceptable format in the ‘Market Place’.
In
effecting above governance requirement, the following must take place:
Pre-During
& Post Removal / Restriction
(without prejudice)
Conduct
a post-intervention review one week after the restriction takes effect, to
determine if just cause exist (on account of new information, insight and
evidence) to remove such a restriction, in the joint decision of the editorial
board and company management.
Contact Proshare
The
Managing Editor
Proshare
Nigeria
The Upper
Room
Plot 590b,
Lekan Asuni Close, Omole Phase 2, Isheri LG, Lagos. P. O. Box 18782, Ikeja,
Lagos State. General E-mail: contact@proshareng.com E-mail: 0700PROSHARE
Function Heads
·
Chief Operating
Officer -
coo@proshareng.com
·
Chief Business &
Markets - market@proshareng.com
·
Director of Research -
research@proshareng.com
·
Managing Editor -
content@proshareng.com
·
WebTV Services –
news@proshareng.com
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