CARE

2013 Conference Announcement
Impact of Emerging Information Technology on Capital Markets
April 5-6, 2013

Investors, regulators and registrants face both opportunities and challenges in the sea of change that has permeated the corporate information environment. For example, firms are increasingly turning to social media, such as Twitter, for investor relations, customer service and crisis management. Investors are using the Internet to obtain firm information via Google searches, corporate websites, investor blogs, and trader chat rooms. They also have access to real-time feeds of SEC filings and press releases, and some have found ways to determine online sentiment about a firm and incorporate this into their valuation processes. When investors turn to implementing trades, they are faced with market mechanics that are greatly affected by technological change, as evidenced by high frequency trading, flash orders, and dark pools. The SEC has been tasked with determining whether the various online information from blogs, chat rooms, social media and corporate websites qualify as acceptable disclosures under securities laws. And, as perhaps a sign of the times, the SEC has recently mandated that firms release their financial statements using a recent technological innovation, XBRL, that is touted as a 'quantum leap' in the way external parties gain access to information in firms' filings.

This conference will bring together leading experts, regulators, registrants, information intermediaries, and academics to provide a vibrant setting for discussing how the revolution in information technology is shaping the capital market information environment and impacting investors.

Friday, April 5 *Conference Video*
7:00 – 8:15 am	Breakfast
8:15 – 8:30 am	Introduction
	Peter Easton Director, Center for Accounting Research & Education, University of Notre Dame Hal White Assistant Professor of Accounting, University of Michigan
8:30-9:15 am	Morning Keynote: Investing in a World of Technological Change
	Barry Hurewitz Chief Operating Officer, Managing Director for Research, Morgan Stanley
9:15-10:30 am	Panel 1: Investing in a World of Technological Change Panel Discussion
	Barry Hurewitz (Moderator) Chief Operating Officer, Managing Director for Research, Morgan Stanley
	Laurence Herman General Counsel and Managing Director, Gerson Lehrman Group
	Scott Rosen Consortium Leader, Visible Alpha
	James Claus Managing Director, Moon Capital
	Zack Miller General Partner and Head of Investor Community, OurCrowd
10:30-10:45 am	Break
10:45-12:00 pm	Panel 2: Catering to the Needs of Investors in the New Information Age
	Paul Healy (Moderator) Senior Associate Dean for Research, Harvard Business School
	Armando Gonzalez President & CEO, RavenPack
	Richard Brown Global Head of Elektron Analytics, Thomson Reuters
	Bill Ladd Chief Analytic Officer, Recorded Future
12:00-1:00 pm	Lunch
1:00-1:45 pm	Afternoon Keynote: Disclosure Regulation in the Information Age of Technology
	Troy A Paredes Commissioner, Securities and Exchange Commission
1:45-2:00 pm	Break
2:00-3:00 pm	Panel 3: The Impact of Technology: An Information Intermediary Perspective
	Mark Bradshaw (Moderator) Associate Professor, Boston College
	Drew Jones Product Manager - Banking, Private Equity and Investor Relations, Bloomberg
	Asif Alam Head of Machine Readable News, Thomson Reuters
	Ajit Agrawal Global Head of AlphaWise & Member of US Economics Research, Managing Director, Morgan Stanley
3:00-3:15 pm	Break
3:15-4:30 pm	Panel 4: The Impact of Technology: A Stock Exchange Perspective
	Larry Harris (Moderator) Professor of Finance and Business Economics, University of Southern California
	Craig Lewis Chief Economist and Director of the Division of Risk, Strategy and Financial Innovation, Securities and Exchange Commission
	Colin Clark Senior Vice President, Strategic Analysis, NYSE Euronext
	Frank Hatheway Chief Economist and Senior Vice President, NASDAQ OMX
4:30-4:45 pm	Break
4:45-5:45 pm	Panel 5: Overview of Academic Research
	Hal White (Moderator) Assistant Professor of Accounting, University of Michigan
	Frank Zhang Professor of Accounting, Yale University
	Elizabeth Blankespoor Assistant Professor of Accounting, Stanford University
	Jake Thornock Assistant Professor of Accounting, University of Washington
6:00-7:00 pm	Reception
7:00-9:30 pm	Dinner
7:00-7:45 pm	Evening Keynote: New Information Technology on the Battlefield
	Major Sam Linn US Military Academy, West Point, United States Army Major Joe Da Silva US Military Academy, West Point, United States Army
Saturday, April 6 *Conference Video*
7:00-8:15 am	Breakfast
8:15-9:00 am	Morning Keynote: Technology and Disequilibrium
	Robert Bloomfield Professor of Accounting, Cornell University
9:00-9:15 am	Break
9:15-10:15 am	Panel 6: XBRL
	Suzanne Morsfield (Moderator) Director of Research, CEASA, Columbia Business School
	Campbell Pryde President and CEO, XBRL US
	Amit Varshney Vice President, Credit Suisse
	Susan Yount Office of Interactive Data, Securities and Exchange Commission
	Sara Noble Director, Product Strategy, Blue Matrix
	Emily Huang Co-Founder & SVP, Sales & Marketing, Rivet Software
	Bob Herz WebFilings, Executive-in-Residence, Columbia Business School
10:15-10:45 am	Break
10:45-12:00 pm	Panel 7: Corporate Disclosures and Investor Relations Using Information Technology
	Greg Miller (Moderator) Associate Professor of Accounting, University of Michigan
	Darrell Heaps CEO and Co-Founder, Q4 Web Systems
	Michael Becker Senior Vice President, Financial Product Strategy, Business Wire
	Erik Gerding Associate Professor of Law, University of Colorado Law School
	Heather Hunter Director of Marketing Communications, Safeguard Scientifics
12:00-12:15 pm	Break
12:15-1:15 pm	Panel 8: Overview of Academic Research
	Douglas Skinner (Moderator) Professor of Accounting, Chicago Booth School of Business
	Brady Twedt Graduating PhD Student, Texas A&M University
	Bill Mayew Associate Professor, Duke University
1:15-1:30 pm	Closing Remarks
	Peter Easton Center for Accounting Research and Education, University of Notre Dame