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Saturday Apr 27, 2024
Friday, 6 June 2014 01:10 - - {{hitsCtrl.values.hits}}
services industry is to promote adherence to global best practices and standards and imbibe a culture of trust and professionalism within the industry. To that end, one of the fundamental objectives of the Capital Market Awards Night is to inspire and incentivise capital market participants and members of the wider stakeholders groups to strive for such standards of excellence.”
The Keynote Speaker this year will be Hemas Holdings PLC Executive Director/CEO Steven Enderby, while the panellists will be IFC Country Manager Adam Sack and NDB Director/CEO Rajendra Theagarajah.
Awards will be presented in three categories; the Best Equity Research Report, Best Equity Research Team and the Best Investor Relations Practice. The Equity Research Report Award recognizes and rewards initiatives taken by financial analysts to achieve the highest standards of excellence in robust analysis and presentation, encouraging professional excellence.
The submitted report should posit a buy or sell recommendation of an individual listed on the CSE or a sector report which contains individual stock recommendations. A healthy participation is seen by the broking community this year and evaluation of the Research Reports are underway at present by an eminent panel of judges.
The Best Research Team Award strives to recognise the achievements of teams that have consistently set the benchmark in producing high quality research products for the ultimate benefit of the investing community.
The aim of Investor Relations Award is to communicate clear, accurate, credible and consistent information about the company to the investor community, ensuring investors are fully and fairly informed, enabling them to make reasonable decisions resulting in the company’s securities trading at fair value over the long term and building a shareholder base beneficial to the company, ensuring that long-term access to diversified capital sources.
It is intended to recognise and reward companies that not only optimise the investor relations function to communicate interactively with the investor community, but also companies that increase awareness and encourage investor relations best practices, which result in securities being priced fairly to benefit issuers as well as investor.
With 11 eminent judges sitting on the panel, 16 companies were short listed and evaluated on accessibility of management and track record with analysts, business disclosures in accounts and annual reports, quality of information on business and risk and the quality of commentary provided with interim results.
The Future of Finance Project of CFA Institute which postulates placing investors first and building a trustworthy, forward-thinking financial industry that better serves society is a central theme in this year’s Capital Market Awards Night.
“Upholding the ideals and tenets of the Future of Finance initiative is a shared responsibility among all stakeholders in the financial industry . This is a key message we wish to convey this year,” opines Abeykoon.
Compiled by real world ideas from CFA Charterholders and members, some of the more salient points of the initiative include placing the client’s interest before your own, gain training on ethical decision making, recommend products with transparent payoffs, costs and risks and assisting clients to focus on risks as much as on performance.
To CFA, which has a membership of over 116,000 in 137 countries, this initiative is an imperative that promotes the industry to revert to its fundamentals, because, as Abeykoon mentions, “The future of finance starts with you.”
