The Importance of Investor Relations
|
|
- Earl Clarke
- 5 years ago
- Views:
Transcription
1 The Importance of Investor Relations 2013
2 What is Investor Relations? Investor Relations (IR) is a corporate strategy through which security issuers establish a communication channel that facilitates direct and close interaction between the company's management and its shareholders, investors and other stakeholders. The main objective of Investor Relations consists of generating a complete, accurate and transparent flow of information in order to obtain a grounded opinion regarding the securities issued by the company.
3 What qualities are required of the IR manager? Responding to the progressive development of the capital market and the increasing participation of qualified investors, the IR manager must have technical and communication skills that generate confidence and trust in the stakeholders. To this end, it is necessary for this person to have sufficient knowledge of the business, industry and the market. The IR manager must have direct access to senior management, so that he/she can properly communicate the company's strategic planning. Likewise, the IR manager must be a strategic adviser to management, given the position's ability to efficiently channel opinions and investor expectations.
4 What tools are used to achieve the IR objective? Investor Relations is promoted through adequate implementation of various tools, in addition to those required by current regulations, to provide information and address queries from individuals interested in investing in the company. IR teams use mechanisms such as the publication of corporate information on the issuer's website, conferences, private meetings, periodic events to report financial results and press releases, etc. To achieve the IR objective, Investor Relations teams are also in charge of reporting additional aspects of the company, such as corporate strategy, future projects, management's credibility and experience, and corporate governance and social responsibility practices.
5 Why is it so important to have an IR department? What are the benefits? Adopting better IR practices strengthens investor's trust and increases the possibilities of attracting greater investment, given that the information provided facilitates in-depth analysis of the company. This is due to the value that investors put on being able to use a direct communication channel to the company, in which their concerns can be addressed, avoiding misinformation, rumors or speculation altogether. Investor Relations are highly important during periods of uncertainty and volatility, when investors must make quick decisions to mitigate their exposure to risk. In such times, companies with IR programs developed and supported by management are exposed to less liquidation of investment positions and, therefore, to a significant drop of its securities prices.
6 Why is it so important to have an IR department? What are the benefits? Several academic studies mention the benefits obtained through implementation of effective Investor Relations programs. Such benefits include increases in analyst coverage, and monitoring of medium and large trading volumes. Additionally, the literature indicates that Investor Relations teams that adopt better international practices are considered more qualified by institutional and foreign investors. Also, they reduce the volatility of their securities and their borrowing costs. Some of these ideas come from the following documents: Investor Relations, Firm Visibility, and Investor Following (Bushee, Miller 2012) and The Impact of Effective Investor Relations on Market Value (Agarwal, 2008).
7 Find more information regarding the IR Recognition on en.bvc.com.co/ir Please send your comments and suggestions regarding the IR Recognition to Important Information: The IR Recognition granted by the Colombian Securities Exchange (Bolsa de Valores de Colombia S.A) is not a certification of the registered securities or the solvency of the issuer. Also, does not imply an opinion on the quality and accuracy of the content, it only denotes a verification of the existence of the information on the website of the issuer.
SUPERINTENDENCIA FINANCIERA DE COLOMBIA (Colombian Banking Authority)
Annex 1 CODIGO PAIS SURVEY - CODE OF BEST CORPORATE PRATICES COLOMBIA Issuer name: BBVA COLOMBIA Issuer NIT: 860.003.020-1 Name of Legal Representative: ULISES CASA SUÁREZ I.D. Number: 79.264.528 Evaluated
More informationWhat do we know about the influence of the IR?
What do we know about the influence of the IR? Corporate Governance Spring 2017 Markus Mäkelä Olli Uotinen Amir Wafin Contents 1. The definition and role of investor relations 3 1.1 Definition of Investor
More informationRELIANCE NIPPON LIFE ASSET MANAGEMENT LIMITED ( COMPANY ) CODE OF PRACTICES & PROCEDURES FOR
RELIANCE NIPPON LIFE ASSET MANAGEMENT LIMITED ( COMPANY ) CODE OF PRACTICES & PROCEDURES FOR FAIR DISCLOSURE OF UNPUBLISHED PRICE SENSITIVE INFORMATION EFFECTIVE FROM AUGUST 08, 2017 1. Preamble Reliance
More informationINVESTOR RELATIONS POLICY NETCOMPANY GROUP A/S. Investor Relations Policy - Netcompany Group A/S, CVR no Page 1 of 5
INVESTOR RELATIONS POLICY NETCOMPANY GROUP A/S Page 1 of 5 TABLE OF CONTENTS 1 INTRODUCTION... 3 2 OBJECTIVES... 3 3 STRATEGY... 3 4 RESPONSIBILITIES... 3 5 SPOKESPERSONS... 4 6 COMPANY ANNOUNCEMENTS AND
More informationDid you know. that in The Global Top 50 IR Awards? was ranked 6th in excellence in. the Amadeus Investor Relations team
Did you know that in 2013 the Amadeus Investor Relations team was ranked 6th in excellence in The Global Top 50 IR Awards? Members of the Investor Relations team Our commitment to shareholders 10 We have
More informationInvestor Presentation. London - March, 2016
Investor Presentation London - March, 2016 Disclaimer Grupo Aval Acciones y Valores S.A. ( Grupo Aval ) is an issuer of securities in Colombia and the United States, registered with Colombia s National
More informationStrategic Planning Developing an IR Plan
Webinar Series Strategic Planning Developing an IR Plan 3. Measuring the Success of Your Program August 20, 2009 4-5 p.m. ET Keith Mabee Vice Chairman, Dix & Eaton 1 Agenda 1. August 6 Introduction The
More informationInvestor Presentation
Investor Presentation J.P. Morgan 10th Annual J.P. Morgan Global Emerging Markets Corporate Conference February 25 th February 26 th, 2019 The Issuers Recognition IR granted by the Colombian Stock Exchange
More informationKingdom of Saudi Arabia Capital Market Authority. Information and its Sources
Kingdom of Saudi Arabia Capital Market Authority Information and its Sources Introduction A lot of people think that the most expensive merchandise is oil or gold, but it is proved that information is
More informationCommunication with stakeholders
Communication with stakeholders MCCG Intended Outcome 11.0 There is continuous communication between the company and stakeholders to facilitate mutual understanding of each other s objectives and expectations.
More information14,808 million as of December 2014
Market capitalisation 14,808 million as of December 2014 Share performance since IPO in 2010: +200% 8 Our commitment to shareholders 50% pay-out ratio 2 years running 8. Our commitment to shareholders
More informationPOLICY FOR COMMUNICATION AND CONTACT WITH SHAREHOLDERS, INSTITUTIONAL INVESTORS AND PROXY ADVISORS AT EUSKALTEL, S.A.
POLICY FOR COMMUNICATION AND CONTACT WITH SHAREHOLDERS, INSTITUTIONAL INVESTORS AND PROXY ADVISORS AT EUSKALTEL, S.A. The Board of Directors at Euskaltel, S.A. ( Euskaltel or the Company ) acknowledges
More informationPrinciple NOQD-92/EN 1 (9) Public Version 4 Communication / Kaisa Lipponen 5 September 2016
Principle NOQD-92/EN 1 (9) Distribution Reviewed by, Date NEB, 2 June 2016 Approved by, Date BoD, 5 September 2016 NESTE CORPORATION S DISCLOSURE POLICY Table of Contents 1 CHANGES... 2 2 PURPOSE OF THE
More informationFidelity Personalized Portfolios. A managed account service from Fidelity Investments.
Fidelity Personalized Portfolios A managed account service from Fidelity Investments. Fidelity Personalized Portfolios: A tailored approach to managing your assets. Personalized investment solutions shaped
More information1Q-2017 Consolidated Results Conference Call
1Q-2017 Consolidated Results Conference Call FULL IFRS May 26 th, 2017 The IR Recognition granted by the Colombian Securities Exchange (Bolsa de Valores de Colombia S.A) is not a certification of the registered
More informationChapter 6. and Investors. Our Shareholders. 145 Years Evolving
Let s evolve Chapter 6 Our Shareholders and Investors 145 Years Evolving We create value for our shareholders by working towards the objectives of transparency, efficiency and profitability. 102 Management
More informationStoffer Wealth Advisors, LLC Brochure
Item 1 Cover Page Stoffer Wealth Advisors, LLC Brochure 3950 Civic Center Dr. Ste. 230 San Rafael, CA 94903 415.760.7800 www.stofferwealthadvisors.com March 20, 2016 This Brochure provides information
More informationMany Shades of Green. Disclosure Documents in Green Bond Offerings
Many Shades of Green Disclosure Documents in Green Bond Offerings A New Type of Municipal Security Green bonds are a relatively new category of debt that presently accounts for only a small volume of overall
More informationReport of 2Q2018 Consolidated results Information reported in Ps billions and under Full IFRS (1) We refer to billions as thousands of millions
Report of 2Q2018 Consolidated results Information reported in Ps billions and under Full IFRS (1) We refer to billions as thousands of millions The IR Recognition granted by the Colombian Securities Exchange
More informationHCL Technologies Limited
HCL Technologies Limited CODE OF PRACTICES AND PROCEDURES FOR FAIR DISCLOSURE OF UNPUBLISHED PRICE SENSITIVE INFORMATION ( FAIR DISCLOSURE CODE ) 1 Revision History Version Description Effective date Approved
More informationGENERAL RISK CONTROL AND MANAGEMENT POLICY
GENERAL RISK CONTROL AND MANAGEMENT POLICY Translation originally issued in Spanish and prepared in accordance with the regulatory applicable to the Group. In the event of a discrepancy, the Spanishlanguage
More informationFitch States National Ratings for Corficolombiana and Fiduciaria Corficolombiana; Stable Outlook
Fitch States National Ratings for Corficolombiana and Fiduciaria Corficolombiana; Stable Outlook Fitch Ratings Bogota (June 30, 2017): Fitch Ratings stated the long and short-term national ratings for
More informationInstalment Warrants i INSTALMENT WARRANTS.
Instalment Warrants i INSTALMENT WARRANTS. Contents. Introducing Instalment Warrants 2 Why consider Instalment Warrants 3 Key benefits 4 Investment cycle at a glance 6 Quick guide to Instalment Warrants
More informationApril DISCLOSURE POLICY
April 25 2016 DISCLOSURE POLICY TABLE OF CONTENTS INTRODUCTION... 2 1. INTERPRETATION... 2 2. GENERAL PRINCIPLES OF DISCLOSURE POLICY... 3 3. AUTHORIZED SPOKESPERSONS... 3 4. PRICE SENSITIVE INFORMATION...
More informationAccepted market practice (AMP) on Liquidity Contracts
Accepted market practice (AMP) on Liquidity Contracts The Spanish CNMV notifies ESMA of the Accepted Market Practice (AMP) on Liquidity Contracts for the purpose of fulfilling article 13 (3) of Regulation
More informationColombia: The Next BRIC? Catalina Herrera, CTS Colombia Head, Citi
Colombia: The Next BRIC? Catalina Herrera, CTS Colombia Head, Citi Table of Contents 1. Colombia s Momentum 3 2. Why You Should Invest in Colombia? 6 3. Citi as your key partner in Colombia 17 1. Colombia
More informationCentral Bank of Ireland Discussion Paper Exchange Traded Fund
Central Bank of Ireland Discussion Paper Exchange Traded Fund Section I Questions ETF Dealing Ref CBI Question A. Is public disclosure of the identity of APs and OLPs of an ETF of benefit and should regulators
More informationPolicy for communication and contacts with shareholders, institutional investors and proxy advisors
S.A. (The "Company") Policy for communication and contacts with shareholders, institutional investors and proxy advisors R.C.S. Luxembourg: B 159.036 R.C.S. Luxembourg: B 159.036 Contents 1. General Principles...
More informationDDJ Capital Management, LLC. Responsible Investment Policy. November 22, 2016
DDJ Capital Management, LLC Responsible Investment Policy November 22, 2016 Introduction Since its inception in 1996, DDJ Capital Management, LLC ( DDJ ) has sought to generate attractive risk-adjusted
More informationCorporate Social Responsibility Report 2014 BME BME SHAREHOLDERS
02 BME SHAREHOLDERS BME s shareholders are one of the company s main stakeholders. Thanks to their capital contributions, the company s financial structure and, ultimately, its activity, are sustained.
More informationPROCEDURE MANUAL FOR REPURCHASE (REPO) OPERATIONS BOLSA DE VALORES DE PANAMÁ, S.A.
PROCEDURE MANUAL FOR REPURCHASE (REPO) OPERATIONS BOLSA DE VALORES DE PANAMÁ, S.A. Text modified pursuant to Resolution No. 6-2005 of the National Securities Commission, issued on January 14, 2005. I.
More informationColaboradores Popayán, Cauca
Colaboradores Popayán, Cauca Chapter 8 Relevant information Let s comply 8. Relevant information Disclosure and Control of Financial Information Pursuant to Article 47 of Law 964 / 2005, during the second
More informationEthics, transparency and the fight against corruption
Ethics, transparency and the fight against corruption Repsol YPF s Ethics and Conduct Regulation defines the conduct guidelines for employees, suppliers, contractors and partners in relation to human rights,
More informationOverview of Accounting Systems
Overview of Accounting Systems Generally Accepted Accounting Principles (GAAP) A series of rules for the treatment of financial matters Developed by the Financial Accounting Standards Board (FASB) FASB
More information4Q-2016 Consolidated Results Conference Call
4Q-2016 Consolidated Results Conference Call FULL IFRS March 29, 2017 The IR Recognition granted by the Colombian Securities Exchange (Bolsa de Valores de Colombia S.A) is not a certification of the registered
More informationThe founder members of IMAS were:
About PricewaterhouseCoopers PricewaterhouseCoopers (www.pwc.com/sg) provides industry-focused assurance, tax and advisory services for public and private clients. More than 120,000 people in 144 countries
More informationSummary and Recommendations by the Standing Committee on Finance on the 2016 Biennial Assessment and Overview of Climate Finance Flows
Summary and Recommendations by the Standing Committee on Finance on the 2016 Biennial Assessment and Overview of Climate Finance Flows Seyni Nafo and Outi Honkatukia 7 November, 2016 Functions and the
More informationIFRS Standards and financial stability
IFRS Foundation IFRS Standards and financial stability The views expressed in this presentation are those of the presenter, not necessarily those of the International Accounting Standards Board (Board)
More information1Q-2018 Consolidated Results Conference Call
1Q-2018 Consolidated Results Conference Call FULL IFRS May 18 th, 2018 The IR Recognition granted by the Colombian Securities Exchange (Bolsa de Valores de Colombia S.A) is not a certification of the registered
More informationACCIONA'S COMMUNICATION POLICY. 1. General principles of the policy on communications and contacts with shareholders and investors.
ACCIONA'S COMMUNICATION POLICY 1. General principles of the policy on communications and contacts with shareholders and investors. 2. General information, communication and participation channels. 2.1.
More information7. The acs group s Risk management
7. The acs group s Risk management dual system of risk Control and supervision The acs group conducts its business activities in a variety of sectors, countries and socio-economic and legal environments
More informationProduct Key Facts Franklin Templeton Investment Funds Franklin India Fund
Product Key Facts Franklin Templeton Investment Funds Franklin India Fund Last updated: April 2018 This statement provides you with key information about this product. This statement is a part of the offering
More informationRisk Management on Prepaid Cards
Responsibilities CenterState Bank of Florida, NA (CSBF) is the issuing financial institution of all prepaid cards and owner of the associated network BINs. CSBF is responsible for all program monitoring
More informationMANAGEMENT RISK INTEGRAL UNIT (UAIR)
MANAGEMENT RISK INTEGRAL UNIT (UAIR) INTRODUCTION The main risks that Shinhan bank México, SA, will deal with are Credit, Market, Liquidity and Operational; that s why the board of directors working aside
More informationDuring First Quarter of the year, Grupo Nutresa Grows 4.9% in Sales in Colombia and its EBITDA Margin Stands at 13%
During First Quarter of the year, Grupo Nutresa Grows 4.9% in Sales in Colombia and its EBITDA Margin Stands at 13% Sales in Colombia performed well and amounted to COP 1.3 trillion, 4.9% higher than in
More information4Q-2017 and FY 2017 Consolidated Results Conference Call
4Q-2017 and FY 2017 Consolidated Results Conference Call IFRS March 20 th, 2018 The IR Recognition granted by the Colombian Securities Exchange (Bolsa de Valores de Colombia S.A) is not a certification
More informationFinancial Services Authority. With-profits regime review report
Financial Services Authority With-profits regime review report June 2010 Contents 1 Overview 3 2 Our approach 9 3 Governance 11 4 Consumer communications 17 5 With-profits fund operations 23 6 Closed
More informationPOLICY STATEMENT INTANGIBLE ASSETS
POLICY STATEMENT INTANGIBLE ASSETS June 2005 -1- The Group of 100 first issued a Statement of Principles on Intangible Assets in 1994 in which it expressed the view that goodwill should not normally be
More informationDate: 1 September To whom it may concern, RE: Exchange Traded Funds, CBI Discussion Paper
Date: 1 September 2018 To whom it may concern, RE: Exchange Traded Funds, CBI Discussion Paper The Investment Association ( the IA ) represents UK investment managers and has over 200 members who manage
More informationProduct Key Facts Franklin Templeton Investment Funds Templeton Asian Smaller Companies Fund
Product Key Facts Franklin Templeton Investment Funds Templeton Asian Smaller Companies Fund Last updated: April 2018 This statement provides you with key information about this product. This statement
More informationCODE OF PRACTICES AND PROCEDURES FOR FAIR DISCLOSURE OF UNPUBLISHED PRICE SENSITIVE INFORMATION MAHAAN FOODS LIMITED. EFFECTIVE FROM 15th May 2015
CODE OF PRACTICES AND PROCEDURES FOR FAIR DISCLOSURE OF UNPUBLISHED PRICE SENSITIVE INFORMATION OF MAHAAN FOODS LIMITED EFFECTIVE FROM 15th May 2015 1. Preamble Mahaan Foods Limited (the Company or MFL
More informationPart II 2011 Syllabus:
Part II 2011 Syllabus: Part II 2011 is comprised of Part IIA The Actuarial Control Cycle and Part IIB Investments and Asset Modelling. Part IIA The Actuarial Control Cycle The aim of the Actuarial Control
More informationDRAFT AGENDA. Hosted by: With the support of:
DRAFT AGENDA Meeting of the Task Force on Latin American Equity Market Development 11 June, 2018 Bolsa de Comercio, Sarmiento 299 Buenos Aires, Argentina Hosted by: With the support of: Background and
More informationREGIS-TR European Markets and Infrastructure Regulation (EMIR)
REGIS-TR REGIS-TR European Markets and Infrastructure Regulation (EMIR) About REGIS-TR REGIS-TR Your European Trade Repository of choice An European Trade Repository REGIS-TR is a central trade repository
More informationHabib Bank AG Zurich. Annual disclosures according to Basel III (Year 2014)
Annual disclosures according to Basel III (Year 2014) 1 Annual disclosures according to Basel III (Year 2014) 1. Scope of consolidation Scope of consolidation for capital adequacy purposes The scope of
More informationThe tasks of the Managing Authority under IPARD II. Multi-country workshop, 13 November 2015 Tirana
The tasks of the Managing Authority under IPARD II Multi-country workshop, 13 November 2015 Tirana 1 Whatsapp? Quick look Closer look Programme monitoring IPARD II monitoring committee Evaluation Reporting
More informationCORPORATE SOCIAL RESPONSIBILITY POLICY
CORPORATE SOCIAL RESPONSIBILITY POLICY 1 1.- Definition Sacyr, aware of the impact that its activity has on society, develops it assuming its responsibility with it. In this context, Sacyr and its group
More informationCompany Profile. Lima Stock Exchange. Country/Region. Name of CEO. Capital (US$) Number of Officers and Employees
Company Profile Name of Stock Exchange Country/Region Name of CEO Capital (US$) BOLSA DE VALORES DE LIMA S.A.A. Lima Stock Exchange PERU Francis Stenning de Lavalle US$ 53 000,000 (aprox.) Number of Officers
More informationHong Kong Investor Relations Association Announces HKIRA 2 nd IR Awards 2016 Now Open for Public Nomination
FOR IMMEDIATE RELEASE Hong Kong Investor Relations Association Announces HKIRA 2 nd IR Awards 2016 Now Open for Public Nomination Hong Kong () Following last year s successful launch of the Investor Relations
More informationCorporate Presentation
Corporate Presentation 2018 2 Disclaimer Grupo Aval Acciones y Valores S.A. ( Grupo Aval ) is an issuer of securities in Colombia and the United States, registered with Colombia s National Registry of
More informationUruguayan Stock Exchanges IPO Overview
Uruguayan Stock Exchanges IPO Overview The Uruguayan securities market is a small one with scarce activity compared with other regional markets like the ones in Argentina and Brazil, whose stock exchange
More informationJanuary 23, Colleen Woodell, Chair Municipal Securities Rulemaking Board 1300 I Street NW, Suite 1000 Washington, DC Dear Ms.
Bond Dealers of America Government Finance Officers Association National Association of Bond Lawyers National Association of State Auditors, Comptrollers and Treasurers National Association of State Treasurers
More informationMulti-communication channels
Investor Relations Policy and Guidelines The Company recognises the fundamental importance of maintaining effective communication with its existing and potential investors. We strive to provide clear and
More informationSINDH REVENUE BOARD Way Forward Syed Mushtaque Kazimi, Member (Tax Policy)
LOGO SINDH REVENUE BOARD Way Forward Syed Mushtaque Kazimi, Member (Tax Policy) Generating revenue for people INTRODUCTION SRB is about to complete one year of its operations in Sindh sales taxation on
More informationCorporate Presentation June 2018
Corporate Presentation June 2018 2 Diclaimer Grupo Aval Acciones y Valores S.A. ( Grupo Aval ) is an issuer of securities in Colombia and in the United States, registered with Colombia s National Registry
More informationCODE OF PRACTICES AND PROCEDURES FOR FAIR DISCLOSURE OF UNPUBLISHED PRICE SENSITIVE INFORMATION
Registered Office: Bajaj Bhawan, B-10, Sector 3, Noida, Uttar Pradesh- 201301 Website: www.bajajenergy.com Corporate Identity No. U40102UP2008PLC046764 CODE OF PRACTICES AND PROCEDURES FOR FAIR DISCLOSURE
More informationPortfolio principles. Loss-harvesting to save taxes 4 October begin on page 4.
Loss-harvesting to save taxes 4 October 2018 Chief Investment Office Americas, Wealth Management Kathleen McNamara, CFA, CFP, Senior Municipal Strategist Americas, kathleen.mcnamara@ubs.com We provide
More informationFinal Report Technical advice on CRA regulatory equivalence CRA 3 update
Final Report Technical advice on CRA regulatory equivalence CRA 3 update 17 November 2017 ESMA33-9-207 Contents 1 Executive Summary... 3 2 Definitions... 4 3 Introduction... 5 4 Purpose and use of the
More informationAu Small Finance Bank Limited CODE OF FAIR DISCLOSURE AND CONDUCT. April, 2017
1 Au Small Finance Bank Limited April, 2017 2 Version Control Document Version Description of Changes Date 1.0 Original First Version April-17 Prepared / Changed by Secretarial Department Sign-Off 3 Table
More informationReport of 4Q2017 Consolidated results Information reported in Ps billions and under Full IFRS (1) We refer to billions as thousands of millions.
Report of 4Q2017 Consolidated results Information reported in Ps billions and under Full IFRS (1) We refer to billions as thousands of millions. The IR Recognition granted by the Colombian Securities Exchange
More information2Q-2016 Consolidated Results Conference Call
2Q-2016 Consolidated Results Conference Call FULL IFRS September 27, 2016 The IR Recognition granted by the Colombian Securities Exchange (Bolsa de Valores de Colombia S.A) is not a certification of the
More informationCOMMUNICATION POLICY FOR SHAREHOLDERS, INSTITUTIONAL INVESTORS, AND PROXY ADVISORS
FOR SHAREHOLDERS, INSTITUTIONAL INVESTORS, AND PROXY ADVISORS December 2015 Communication Policy for Shareholders, Institutional Investors, and Proxy Advisors Article 37 of the Regulations of the Board
More informationTHE OFFICE OF THE FINANCIAL SUPERINTENDENT OF COLOMBIA. Country Code Survey. Code of best corporate practices - Colombia
Country Code Survey. Code of best corporate practices - Colombia Issuer Name: CONSTRUTORA CONCONCRETO S.A. Issuer s NIT (Colombian Tax Number): 890.901.110-8 Legal Representative s Name: JUAN LUIS ARISTIZÁBAL
More informationIR Best Practice: Get to know the Buy-Side
IR Best Practice: Get to know the Buy-Side By Sheryl Joyce, Q4 Web Systems October 28th, 2009 Recently, I responded to a discussion on LinkedIN entitled Required skill sets for IR professionals. The person
More information1Q18 EARNINGS RELEASE. Earnings Release 1Q18 1 / 15
EARNINGS RELEASE 1Q18 1 / 15 Monterrey, Mexico April 27 th, 2018. Grupo Famsa, S.A.B. de C.V. (BMV: GFAMSA), a leading Mexican commercial conglomerate in the retail, consumer and savings sector, announced
More informationCRYPTO CONFUSION, WALL STREET DELUSION
April 2018 CRYPTO CONFUSION, WALL STREET DELUSION After 30+ years of Wall St experience, I took the plunge into crypto last year to start CoinRoutes with my son (his idea & code) to automate crypto trading
More informationJOINT STOCK COMPANY VEF. Corporate Governance Report For year 2015
JOINT STOCK COMPANY VEF Corporate Governance Report For year 2015 TABLE OF CONTENTS I INTRODUCTION... 3 II PRINCIPLES OF GOOD CORPORATE GOVERNANCE... 4 SHAREHOLDERS MEETING... 4 1. Ensuring shareholders
More informationCOLOMBIAN FINANCIAL SUPERINTENDENCY BANCO DE BOGOTÁ 2013 CÓDIGO PAÍS SURVEY BEST CORPORATE PRACTICES CODE - COLOMBIA
BANCO DE BOGOTÁ 2013 CÓDIGO PAÍS SURVEY BEST CORPORATE PRACTICES CODE - COLOMBIA Name of the Issuer: BANCO DE BOGOTÁ S.A. Tax ID No. of the Issuer: 860002964-4 Name of the Legal Representative: MARÍA LUISA
More informationDoes your club reconcile your bivio records every month?
Audit Party! Auditing Your Club Records Does your club reconcile your bivio records every month? Poll 1- True Confessions Poll 2- Are You Planning to Do Your Club Audit this Weekend? What is an Audit?
More informationChallenges and Benefits in Adopting International Financial Reporting Standards. Roberto Truque-Harrington, CFO Mexico City, Mexico, June 13th, 2007
Accounting and Accountability for Regional Economic Growth Challenges and Benefits in Adopting International Financial Reporting Standards Roberto Truque-Harrington, CFO Mexico City, Mexico, June 13th,
More informationSecond-Party Opinion Bancóldex Social Bond Framework
Framework Evaluation Summary Sustainalytics is of the opinion that the Framework is credible and impactful and aligns with the four core components of the Social Bond Principles 2017. Key strengths: The
More informationGeneral Inspectorate of Banking Supervision
NATIONAL BANK OF POLAND COMMISSION FOR BANKING SUPERVISION General Inspectorate of Banking Supervision Resolution no. 6/2007 of the Commission for Banking Supervision of 13 March 2007 on detailed principles
More informationBanco de Bogota S.A. y Subsidiarias 'BBB-/A-3' Ratings Affirmed; Outlook Stable
Research Update: Banco de Bogota S.A. y Subsidiarias 'BBB-/A-3' Ratings Affirmed; Outlook Stable Primary Credit Analyst: Alfredo Calvo, Mexico City (52) 55-5081-4436; alfredo.calvo@standardandpoors.com
More informationSHAREHOLDER BASE MANAGEMENT IN COMPANIES IN THE NEW MARKET LISTING SEGMENT OF THE BOVESPA STOCK MARKET
SHAREHOLDER BASE MANAGEMENT IN COMPANIES IN THE NEW MARKET LISTING SEGMENT OF THE BOVESPA STOCK MARKET Bruno Cals de Oliveira*, Marcelle Colares Oliveira**, Vinicio de Souza e Almeida*** Abstract The study
More informationPricing across bonds, CDS and loans, as well as equity volatility data and securities lending data for stocks and bonds
Pricing Data Pricing across bonds, CDS and loans, as well as equity volatility data and securities lending data for stocks and bonds Complete transparency, with detailed information relating to methodology
More informationINVESTOR RELATIONS POLICY
INVESTOR RELATIONS POLICY ØRSTED A/S Central Business Register (CVR) no. 36213728 CONTENTS 1. PURPOSE 3 2. OVERALL OBJECTIVES 3 3. INVESTOR RELATIONS STRATEGY 3 4. INVESTOR RELATION PRACTICES 4 5. SCOPE
More informationEFAMA Comments on Rapporteur Wolf Klinz Draft Report on Credit Rating Agencies: future perspectives
EFAMA Comments on Rapporteur Wolf Klinz Draft Report on Credit Rating Agencies: future perspectives EFAMA is the representative association for the European investment management industry. Through its
More informationSolvency Assessment and Management: Steering Committee Position Paper (v 4) Life SCR - Retrenchment Risk
Solvency Assessment and Management: Steering Committee Position Paper 108 1 (v 4) Life SCR - Retrenchment Risk EXECUTIVE SUMMARY This document discusses the structure and calibration of the proposed Retrenchment
More informationHigh Growth Building Solutions Company
High Growth Building Solutions Company Who we are CEMEX LatAm Holdings is a regional leader in the building solutions industry that provides high-quality products and reliable service to customers and
More informationCorporate Governance for Banks Dr. Shamshad Akhtar Governor, State Bank of Pakistan. IBP Convocation, Lahore 13 March 2008
Corporate Governance for Banks Dr. Shamshad Akhtar Governor, State Bank of Pakistan IBP Convocation, Lahore 13 March 2008 1. This morning I propose to share with you my thoughts on the topical issue of
More informationBolsa de Valores de Colombia QUARTER I Results
Bolsa de Valores de Colombia QUARTER I - 2011 Results Juan Pablo Córdoba Garcés President Content I. Market Evolution II. BVC Stock III. Financials Results IV. MILA I. Market Evolution BVC Indexes Evolution
More informationPOST-IMPLEMENTATION REVIEW REPORT
JANUARY 2012 POST-IMPLEMENTATION REVIEW REPORT on FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (Codified in Accounting Standards Codification Topic 740, Income Taxes) FINANCIAL
More informationIndustry Classification Methodology Guide. ISE Mobile Payments Industry Classification
Industry Classification Methodology Guide ISE Mobile Payments Industry Classification 1 Table of Contents Chapter 1. Introduction Chapter 2. Industry Classification 2.1. Structure and Changes 2.2 Classification
More informationCorporate Presentation
Corporate Presentation Investor Relations The Issuers Recognition IR granted by the Colombian Stock Exchange is not a certification about the quality of the securities listed at the BVC nor the solvency
More informationDEPARTMENT OF BANKING REGULATION BANKING POLICY DIVISION
DEPARTMENT OF BANKING REGULATION BANKING POLICY DIVISION Discussion Paper Framework for enhancing Credit Supply for Large Borrowers through Market Mechanism In March 2015, RBI issued a Discussion Paper
More informationCash and cash equivalents 619,525 Trade accounts receivable and others 951,653 Total 1,571,178 Net $ 229,209
11. Derivative financial instruments The Entity has exposure to market risks, operating risks and financial risks arising from the use of financial instruments that involves interest rates, credit risks,
More informationNASBA 103 rd Annual Meeting
NASBA 103 rd Annual Meeting James L. Kroeker Chief Accountant U.S. Securities and Exchange Commission October 2010 1 2 t What We ve Been Working On " IFRS Work Plan Overview and Update " Major Convergence
More informationGeneral Accident plc. Registered in Scotland No. SC Annual Report and Financial Statements 2014
Registered in Scotland No. SC119505 Contents Directors and Officers... 3 Strategic Report... 4 Directors Report... 6 Independent Auditors Report... 9 Accounting Policies... 11 Income Statement... 15 Statement
More informationAccionamos el futuro
Accionamos el futuro The new stock exchange in Mexico BIVA s goal is to contribute to the growth of the stock exchange through innovation, state-of-the-art technology, and accessibility. The world s leading
More informationScope of this PSA... Effective Date Objective Definitions Reading Other Information... Material Inconsistencies...
PHILIPPINE STANDARD ON AUDITING 720 THE AUDITOR S RESPONSIBILITIES RELATING TO OTHER INFORMATION IN DOCUMENTS CONTAINING AUDITED FINANCIAL STATEMENTS (Effective for audits of financial statements for periods
More information