Abu Dhabi Securities Exchange holds a workshop on investor relations

Abu Dhabi 26-10-2019 / WAM /
His Excellency Khalifa Salem Al Mansouri, Acting Chief Executive Officer of Abu Dhabi Securities Exchange (ADX), affirmed the market’s keenness to support and assist companies in enhancing the role of Investor Relations Managers as well as enhancing the relations between the Company and investors.
This came in response to the workshop held by the Abu Dhabi Securities Exchange for listed companies on enhancing investor relations and the success of the company in providing a page and a platform for investor relations, in the presence of investors relations managers in companies listed on the market.
The market has given listed companies a deadline since the beginning of this year to prepare a separate page or platform for investor relations containing information and data requested by the market at the beginning of the year, which is based mainly on the text of article / 35 / of the resolution of the Chairman of the Board of Directors of the Securities and Commodities Authority / 7 / QR. For the year 2016 on the criteria of institutional discipline and governance of public shareholding companies, this article obliged listed companies to appoint an investor relations manager according to specific conditions such as to be able to speak and speak in both Arabic and English and to have a scientific qualification in addition to practical experience.
Companies have an obligation to provide all the necessary information to shareholders. This workshop explains how to collectively strengthen the relationship between companies and investors in this regard and define the role of the Investor Relations Manager in addition to clarifying the shareholders’ rights set by law.
His Excellency Khalifa Salem Al Mansouri said that the market will soon communicate with companies to work on the implementation of the most important recommendations of this workshop, which is the need for all companies to appoint directors of investor relations in them and to provide a web page or platform containing all the important information of interest to investors, as stated in Article 35 and finally start reviewing Corporate websites to verify the implementation of what has been agreed upon after the deadline for the implementation of these recommendations.
The workshop reviewed the form of relations between the company and investors, and explained the role of the Director of Investor Relations in this regard and raise the level of consistency and quality in responding to external queries received from analysts and investors, in addition to enhancing the degree of stakeholder knowledge and understanding of data related to the company’s performance.
The workshop explained that its objectives will be achieved through the application of the best methods of communication and presentation on the company’s website and improve the level of summary reports submitted in addition to finding a sophisticated and more efficient way for the company to interact with the requirements of the market, investors and analysts.
The workshop stressed the need to create a special page for investor relations on the company’s website to be updated and maintained permanently in line with international standards to include data and means of communication to the Investor Relations Department such as a phone number and a dedicated e-mail, and provide all reports on financial results, whether recorded in the archive The financial year statements shall include the dates of publication of the financial results statements, the minutes of the general assembly meetings, and any other important events, and establish procedures to provide all data and information to the investor relations officer. Including the decisions of the Board immediately after the issuance of financial statements and periodic and annual when approved by the Council so as to enable the Investor Relations Officer to carry out his duties set forth in this article.
During the workshop, the attendees were briefed on the rights of investors and shareholders, which should be provided to investors and listed companies. These rights were included in the legislations regulating the capital markets. These rights include the right to follow up the company’s performance through financial statements. Profits and losses, reports of the Board of Directors and the auditors of the Company relating to the previous financial year. In general, the shareholder shall have the right to obtain all the information that entitles him to exercise his rights to the fullest and without discrimination between him and the other shareholders.
In addition, the shareholder has the right to request access to the books and documents of the company and any documents or documents related to transactions with related parties, and the right to file a lawsuit to obtain all the information and facts that help to uncover the truth of these deals. The right of access to the minutes of the Assembly meeting and other rights.
The workshop also addressed the issue of updating the electronic disclosure system for the market, accordingly, the listed company can disclose immediately and directly to the market website without the need for the prior approval of the market, except for the cases of suspension, re-trading and insiders’ trading. Year for the market website and for shareholders and interested.