NASDAQ OMX ARMENIA DIRECTOR: RELATIONS WITH INVESTORS INFLUENCE COMPANIES’ MARKET VALUE
ARKA
June 18, 2009
YEREVAN, June 18. /ARKA/. Relations with investors influence companies’
market value, said Armen Melikyan, Director General of NASDAQ OMX
Armenia.
"The market value of any issuer of securities is evidence of investors’
attitude to the entity’s activities," Melikyan said at the workshop
on investor relations management yesterday.
He pointed out that investor relations are of importance as they
mean relations not only with prospective investors, but also with
actual stockholders.
He expressed hope that the workshop will be of benefit to all the
market participants that will hold consultations in the future.
Geoffrey Mazullo, Director of the "Partners for Financial Stability"
(PFS) program, pointed out that investor relations programs may be
effective if companies are able to provide all individuals and legal
entities with the information they need to decide on investments.
The pointed out two types benefits – internal and external benefits –
entities can get from effective investor relations.
Among the internal benefits are discipline, competent internal
management, authority and risk management.
As regards external benefits, he pointed out the possibility of
companies’ entering markets of goods and services, bonds and shares,
as well as stock and bond liquidity.
The semin ar was organized by the PFS program launched by USAUD and
East-West Management Institute jointly with NASDAQ OMX Armenia.
The seminar was aimed to demonstrate the importance of investor
relations in the present-day corporate world, ways of forming relations
with investors, introduce international experience.
Narek Khublaryan of the Financial Supervision Department, Central
Bank of Armenia (CBA), presented the information requirements set to
companies in Armenia.