Under Regulation FD, whenever a company spokesperson intends to make a material statement to market professionals or shareholders about the company that has not previously been disclosed publicly, the same information shall be provided to the market simultaneously in a manner that is intended to provide broad, non-exclusionary distribution of the information to the public.
If a spokesperson, director, or any employee or consultant, inadvertently provides an outside party with material information not previously disseminated publicly, the company should have a procedure for that person shall notify the individuals at the company in charge of disseminating information to the public. Perhaps, the company should have a committee on corporate communications headed by individuals in charge of finance, executive decisions. Such a committee should determine by the later of 24 hours, or the start of the next opening of trading on the applicable stock market exchange, whether the company should disclose the information in question to the public, through broad, non-exclusionary means.
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