Eleven capital market representatives founded the Romanian Investor Relations Association (ARIR)


Bucharest, November 2018 – Companies listed at the Bucharest Stock Exchange (BVB), those with potential to become listed companies jointly with funds managers and Investor Relations (IR) professionals founded the Romanian Investor Relations Association (ARIR). The founding members are BVB, ALRO, Franklin Templeton Management – Bucharest Branch, Electromagnetica, Hidroelectrica, Nuclearelectrica, Teraplast, Transelectrica, Daniela Șerban, Cosmin Raduta and Tony Romani

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. New members – listed or to be listed companies, as well as IR specialists – are invited to join ARIR, for a higher degree of representativeness and impact on the capital market community.

The project was initiated by Daniela Șerban and supported by McGuireWoods Consulting, a public affairs company, together with the law firm PeliFilip. 

Daniela Șerban, ARIR President:

Implementing the best IR practices means increasing the transparency of listed companies by improving investor communication techniques, using new tools and innovation in the field. All these are indicators valued by investors and influence their perception related to issuers or potential issuers. The opportunity of such a project comes as a result of the enhanced visibility the Romanian capital market has enjoyed internationally in recent years, the recent listings of private companies and the increasingly frequent interaction between investors and local companies.

Adrian Tănase, BVB CEO:

I am glad to see listed companies and those potentially able to become public companies, together with outstanding professionals adhere to this initiative, which BVB endorsed from inception. Enhanced transparency from listed companies meets investors’ demands, whether they are international or local, institutional or individual. A better understanding of a company’s business activity and strategy may have an impact on the valuations. 

ARIR was set-up with the support of IR professionals within listed companies, companies with potential to become listed companies, fund managers, and consultancy companies in the IR domain. In this way, IR professionals will contribute to developing and implementing best practices in investor communication, increasing transparency of listed companies and compliance with corporate governance principles in order to provide investors and shareholders with key elements needed for an informed investment decision.

The activity of the Association will follow 5 key strategic directions having the following objectives:

  1. Evaluation – Assessment of investors’ perception related to listed companies 
  2. Presentation – Improvement of companies’ presentation
  3. Regulations – Monitoring the legislative framework and supporting members’ opinions
  4. Communication – Strengthening links with investor and analyst communities 
  5. Recognition – Promoting companies that implement best practices 

The founding members have appointed the following Board of Directors: Daniela Șerban, President – Independent (McGuireWoods), Adrian Tănase (Bucharest Stock Exchange), Ioana Bîrsu (Franklin Templeton), Viorel Vasiu (Transelectrica) and Tony Romani – Independent (Electrogrup).

ARIR also aims to become a platform for companies to recruit Investor Relations employees. 


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