Bucharest,February 6, 2019 – Romanian Investors Relations Association (ARIR) published on the www.ir-romania.ro website a set of international best practice recommendations for organizing successful financial results conferences with investors and analysts. The document is signed by Camelia Isaic, CFA, Executive Director ARIR, with more than 10 years of experience in Investor Relations with companies listed in New York, London, Paris, Warsaw and Prague. This set of recommendations comes to support the preparation of the financial reporting season for 2018 full year results, thus giving companies the opportunity to implement most relevant elements.
Daniela Șerban, ARIR President:
“To implement the strategy we committed to bring international practice closer to the local market. This set of recommendations responds to members’ requests,but is also available for all listed companies through the Association’s website. ARIR members also benefit from a seminar devoted exclusively to this topic,with many examples of good practice from other countries.”
The Corporate Governance Code of the Bucharest Stock Exchange includes the recommendation that “a company will hold at least two meetings / teleconferences with analysts and investors each year. The information presented on these occasions will be published in the Investor Relations Section of the company website at the date of the meetings / teleconferences”. (Article D9)
About Romanian Investor Relations Association (ARIR):
ARIR is a non-governmental and non-profit organization that was set-up to provide current and potential issuers a platform for the development of Investor Relations (IR)professionals and contribute to the implementation of best practices in investor communication and corporate governance. The founding members are BVB, ALRO, Franklin Templeton Management – Bucharest Branch, Electromagnetica, Hidroelectrica, Nuclearelectrica, Teraplast, Transelectrica, Daniela Șerban, Cosmin Raduta and Tony Romani.
The activity of the Association will follow 5 key strategic directions having the following objectives:
- Evaluation – Assessment of investors’ perception related to listed companies
- Presentation – Improvement of companies’ presentation
- Regulations – Monitoring the legislative framework and supporting members’ opinions
- Communication – Strengthening links with investor and analyst communities
- Recognition – Promoting companies that implement best practices