The Securities and Commodities Authority has defined six basic controls that a public joint stock company must adhere to to facilitate investor relations in it.
In the new Governance Manual to be implemented after its publication in the Official Gazette, the authority stated that the company should adhere to the following controls:
1- Appointing an official responsible for all tasks related to managing the investor relations and enjoying the following conditions:
To be able to speak and speak both Arabic and English.
He holds a scientific qualification in addition to practical experience related to the areas of business, accounting or public relations for investors.
Be familiar with relevant legal and legislative requirements.
He has full knowledge of the company's activities and opportunities.
He has the ability to use different communication channels and to have communication skills with stock investors.
He has the ability to communicate technical and financial information about the company that may need specialized clarification to investors easily.
2- Create a special page for investor relations on its website, so that it is constantly updated and maintained in line with international standards to include the following:
Investor relations and data, such as a dedicated phone number and email.
Providing all reports related to financial results, whether recorded in the archive or published.
Fiscal year data, provided that the financial results data publication dates are published.
Minutes of general assembly meetings.
أخرى Any other important events.
3- Commitment to publish the information and data that are disclosed to the supervisory authorities, markets or the public on its website, for example: company news and events and developments, and its core information, annual and interim financial statements and reports of the board of directors for several previous years, corporate governance reports, and structure Ownership and ownership ratios, constantly updated general information on the official website of the company, its activities, business strategy, vision and future plans, and information on the company's share price in terms of: closing price, opening price, the highest and lowest price during the year, Yum various stock and some financial indicators.
It also includes the ability to inquire about profits not received by shareholders, the mechanism for the shareholders to receive their profits, contact information for the Investor Relations Officer and the mechanism for providing opinions, comments and inquiries.
4- Forming a committee made up of employees from the higher classes in the company in the event that the company faces crises, so that it sets up a plan for communicating with investors and the media regarding the practical steps that the company takes to confront the crisis, and identifying an official spokesman for the company, who is responsible for the mentioned communication process, and to disclose it to Market and company website.
5- Publishing preliminary presentations that clarify the financial position, strategies and future expectations of the company at least once a year, taking into account the update of these offers.
6- Setting the necessary procedures to provide all data and information to the Investor Relations Officer, including the decisions of the Board of Directors as soon as they are issued, and the periodic and annual financial statements when approved by the Council, in order to enable the Investor Relations Officer to fulfill his duties specified in this article.
- Publish offers showing the financial position and future expectations of the company.
- Commitment to publish the data that is disclosed to the regulatory authorities or markets on the website.