ARIR

VEKTOR 2019

VEKTOR 2019

THE MAIN FEATURES OF THE NEW METHODOLOGY:

The new assessment criteria aim to promote the implementation of best practices in investor relations and compliance with the Corporate Governance Code of the Bucharest Stock Exchange, in line with the expectations of institutional and individual investors.

The scope of the new assessment methodology, being a project managed by the Romanian Stock Exchange Investor Relations Association, focuses on the promotion of proactive investor relations practices, without assessing compliance with regulatory obligations. The assessment will only include information from public sources.

Evaluation criteria

VEKTOR Results 2019

Principles

1.

The proposed methodology was launched for public consultation in April 2019.

2.

Listed companies have at least 6 months during 2019 to comply with the new methodology.

3.

The first evaluation will be carried out by ARIR from 1-20 December 2019.

4.

ARIR, together with the Bucharest Stock Exchange and the members of the working group, will assist throughout the process to fully comply with the criteria.

5.

The methodology will be reviewed annually in March and the assessment will be made annually in December or at any time at the request of a listed company.

6.

If the maximum score (10) is awarded to more than 1/3 of the companies listed on the regulated market, the required criteria will be revised, in addition to the original schedule, to bring the requirements to a new level of complexity.

7.

The proposed methodology aims at an assessment based on objective and clear criteria, including provisions on: investor relations office, corporate governance, transparency, proactive approach to investor relations, interactive IR tools, financial analyst coverage and non-financial reporting.

8.

The final score, ranging from 0 (poor communication) to 10 (excellent communication), will be published on each company's page on the bvb.ro website and aggregated on the ARIR website by the end of January 2020 at the latest.