(MENAFN- The Peninsula) Qatar Exchange (QE) and JP Morgan, in association with Middle East Investor Relations Society (MEIRS), hosted the 5th Annual Investor Relation Conference here yesterday.
The event, attended by top executives of Qatari listed companies, featured a wide spectrum of presentations on a series of significant of global best IR practices. The event was aimed to educate listed companies on the importance of adopting sound Investor Relations practices including understanding of the role of sell side and buy side, setting the IR strategy, communicating the strategy, and a case study on a Qatari listed company.
Abdelaziz Al Emadi, Listing Director, QE said in his opening speech that the workshop was to support further development and practice of investor relations [IR] in Qatar, in line with the increasing growth and significance of the QE as an international capital market and the growing importance of regional and international investors to Qatari companies. Topics on investor outreach, Investor Relations strategy, investor sentiment towards Qatar and new technologies in Investor Relations were all discussed.
Al Emadi said: `"The event is aimed to give our listed companies the opportunity to interact with industry experts in the area of IR. Transparency and disclosure play a vital role in the development of a shareholding company listed on the Exchange. These two concepts are important pillars for the efficient functioning of a modern capital market and for fostering social-well-being. At QE, we strive to deliver the necessary tools and the know-how in setting up your IR strategies within your respective companies and better yet communicating an effective strategy to the international investment community."
Addressing the opening event, Daniela Utane of JP Morgan noted Investor Relations is the conduit between the board of directors of the company and shareholders. The history of Investor Relations in the financial world dates back to the post 1929 crash, when the US Government established SEC in 1930to bring in transparency. Later, General Electricals established first IR department in 1950s. The presence of IR departments in Future 500 companies grew from 16 percent to 56 percent in 1980s, she said.
Naresh Bilandani, Equity Research Analyst, JP Morgan and Michael Chojnacki of MEIRS also spoke.
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