Concorde Capital launches new Investor Relations Online survey17 April 2012
Concorde Capital announces the launch of “Investor Relations Online,” a new annual survey that will analyze how friendly and informative the websites of Ukrainian companies are for foreign and local investors.
This year’s survey will include 100 companies operating in Ukraine, including both those that are listed on a stock exchange (London, Warsaw, Frankfurt or Kyiv) or that have issued bonds (Eurobonds and local UAH bonds).“We are actively supporting the development of investment culture in Ukraine,” said Alexander Paraschiy, head of the research department at Concorde Capital.
“Our company is unique among Ukrainian investment banks in that for five years we have been focusing on issues of corporate governance. We are confident that the results of the survey will be useful for both issuers and investors and will continue to contribute to improving the quality of disclosure by public companies.”The “Investor Relations Online” report is due to be released in mid-May and will be included in the flagship survey “Corporate Governance in Ukraine,” which will evaluate corporate governance practices in public Ukrainian companies, an updated version of which is scheduled for release in autumn 2012. Previous versions of that report came out in 2007, 2008 and 2011.
The latest study was supported by the USAID-funded regional project Partners for Financial Stability.In 2012, the Investor Relations Online survey is supported by the Ukrainian Exchange.“A culture of disclosure in our country is, unfortunately, undeveloped,” said Oleg Tkachenko, CEO of the Ukrainian Exchange. “This also applies to the financial statements of issuers and their activities in general. The Ukrainian Exchange is interested in Ukraine having more high quality issuers so we gladly agree to participate in projects that will enhance the transparency of companies.”Media partners of the survey are Interfax-Ukraine and the publishing house Ekonomika.