In a recently published Market Watch report (read full report here) the FSA published its findings after 3 years of research on market leaks with recommendations to deal with communications with the media during a transaction. Among other things, they include recording all calls and documenting any email exchanges with the media.
Our Data Room can currently capture all the written communication between parties in a transaction in our Q&A module. In a very recent large transaction that just closed using our virtual data room, our client posted recorded conference calls and recorded audio and video management presentations.
It would not be a big surprise if in the near future all communication with outsiders (including the press) is kept in a VDR.
Very interesting parallel with the recently implement SEC´s Rule 17g-5 regarding securitization which among other things requires all communications between issuers of the securitized instruments and credit agencies to be recorded and kept in a password protected site accessible to other agencies.
