Research project: transparency of ownership
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Aim of the survey
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Identification of shareholders is one of the crucial elements of the investor
relations process, but little was known about how the regulations and practices
compared in different markets. The main objectives of this project were
therefore:
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To compare the information available to companies in different member
countries, how they get the information, what it costs and how they use it;
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To find out if IR professionals feel they need more information about their
shareholders in order to do their job efficiently;
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To ask institutional investors how much ownership information they are prepared
to provide to companies, why they are not prepared to provide more and, if they
were forced to provide more, what disclosure methods and frequencies they would
prefer;
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To ask both investors and IR professionals if they feel the IIRF should try to
influence governments or regulators to improve the information available.
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Transparency regulations and systems
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A report on transparency regulations and systems by international law firm
Simmons & Simmons was presented to the 2004 IIRF international
investor relations conference in Rome and can be downloaded from the "Download"
menu above. |
Investors' and IR professionals' attitudes
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| Capital Bridge interviewed
institutional investors in major markets and helped to conduct a survey via the
IIRF website between 2003 and 2005, presenting initial reports at the 2003 IIRF
annual conference in Zurich, at a series of national meetings in member
countries and at the 2004 conference in Rome. A final report was produced for
the 2005 conference in Amsterdam. All of these reports and slide presentations
are available via the "Download" facility. The final report is
also available here
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Next steps
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The full results of the project - with the recommendations of the research team
- were passed to the IIRF's professional affairs committee, who will discuss
them with IIRF member societies and put forward proposals for further action.
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