Sydney, Aug 17, 2006 AEST (ABN Newswire) - Finsia - the Financial Services Institute of Australasia - and the Australasian Investor Relations Association (AIRA) have released new Principles for Building Better Relations Between Listed Entities and Analysts,to act as a communication framework for listed entities and analysts.
The Principles provide a framework for a listed entities' investor relations executive (and other senior executives)to communicate openly and professionally with analysts.
They have been developed co-operatively using the practical skills, knowledge and experience of members of Finsia (representing individuals in the analyst community)and AIRA (representing listed entities and investor relations professionals)
Brian Salter, Finsia Chief Executive Officer said: "At the heart of the Principles is a recognition of the sound ethical practices within Australia's marketplace. These Principles encourage the existing good practices and establish them as a minimum standard of professional conduct."
"The recognition that analysts should not be 'sin-binned' because they issue an unfavourable research finding ensures they can fearlessly do their job."
Ian Matheson, Chief Executive Officer, AIRA said: "The Principles are designed to create a framework to limit the possibility of misunderstanding or poor standards of communication. They do not create any new laws or regulations. We have found through our research,that laws or regulations do not easily cover the complexity and subtlety of these interactions."
"The Principles are voluntary; however the underlying principles build on expected behaviours inherent in AIRA's Code of Ethics and Finsia's Code of Ethics. We hope that industry more broadly can see the benefit of these Principles as establishing a minimum standard for individuals contact."
A copy of the Principles for Building Better Relations Between Analysts and Listed Entities can be found at;
www.finsia.edu.au/About/Policy_and_Advocacy
and
www.aira.org.au
Finsia and AIRA developed these Principles in consultation with a Working Group of some of the industry's leading experts in research (sell-side, buy-side, subscription-based and credit) and corporate investor relations. Members of the Working Group include Warwick Bryan, Brian Cahill, John Deakin-Bell, Kristina Devon, Emilio Gonzalez, Larry Hamson, Stephen Higgins, Alastair Hunter, Peter Leodaritsis, Scott Marshall, John O'Connell, Anne O'Driscoll and Mervyn Peacock.
Finsia and AIRA warmly thank and appreciate the contribution of the Working Group members in formulating and supporting these Principles.
About FINSIA
Background
- Finsia was formed through the merger of Securities Institute of Australia (SIA)and Australasian Institute of Banking and Finance (AIBF).Finsia remains a not for profit organisation with 20,000 individual members and 19,000 students with both member and student numbers continuing to grow. The combined entity has created one of the largest financial services organisations in Australia and New Zealand with a broad range of members.
Education /professional development offering
- Finsia is a leading financial services education and professional development provider.
- In 2006 Finsia will offer the choice of 12 qualifications,250 professional development events across Australia and New Zealand and continue to educate thousands of industry professionals through corporate and Industry education programs in conjunction with partners including the FPA, SFE, ASX, NZX, SDIA, ICAA and AIRA.
- Finsia's enhanced education offering includes the recently released Diploma of Financial Services (Banking)and a new Diploma of Lending for the banking and mortgage sectors.
- Finsia has also facilitated the introduction of new levels of membership and postnominals to better reflect industry practice and standing.
Contact
Mark Ley
Finsia
Senior Manager Markets Policy
TEL: +612 8248 7556
Gail Appleby
Finsia
Marketing Communications Consultant
TEL: +612 8248 7657
Ian Matheson
AIRA
CEO
TEL: +612 9872 9100 or +61 419 444 731
| ||
|
