Karachi: South Asian Federation of Exchanges (SAFE) held the fourth of its new series of training seminars on the subject of “Investor Relations” under the title of “Adding Value Creation through Effective Investor Relations” at Karachi. The program has been designed specifically for the managers of the listed sectors so as to create their awareness with the most important function of their companies with regards to communication and relations with their investors.
The purpose behind the start of this series of programs is to first create an assimilation of the listed corporate sector with the role and the responsibilities of the Investor Relations professionals and departments, and then during the second stage to encourage the whole of the listed sector to create special purpose departments within these companies.
This is to ensure that the companies not only meet the informational needs of the shareholders but that they also work on proactive basis to provide basic shareholder services. SAFE is of the belief that the deployment of Investor Relations professionals in the listed sector would greatly help the cause of investors protection as the timely and regular relay of price sensitive developments within the companies shall be communicated to the investors in a standardized format.
The program was well attended with the representation of corporate sector such as Lotte Pakistan PTA Ltd, Al Meezan Investment Management Ltd, Huffaz Seamless Pipe Industries Ltd, Engro Corporation Ltd, National Clearing Company of Pakistan Ltd, KASB Bank, BOC Pakistan Ltd, and Indus Motors. The participants termed the program as very useful because the program highlighted the importance and the benefits of having dedicated Investor Relations professionals in their companies.
The participants also appreciated the fact that the Investor Relations subject is not being paid enough attention in Pakistan, whereas the standardized practices associated with this function are almost assuming the requirements for stricter compliance in many other parts of the world. It was also discovered that in Pakistan, the training opportunities or capacity building initiatives related to the subject of Investor Relations were next to none and the subject needed to be covered in great length by the professional as well as the educational training institutions.
The participants also apprised the key differences between Investor Relations and some other public relations functions and recognized that the corporations could not afford to view IR as an auxiliary function, but rather a key business process of acquiring capital at the lowest cost possible.
The seminar was graced with the presence capital market experts such as Mr. Nadeem Naqvi, MD/CEO of Karachi Stock Exchange, and Mr. Shahid Ghaffar, CEO and Chairman, HBL Asset Management Limited and MUFAP. The respected guests addressed the assembly to the effect of their principle support for the theme of the seminar. Ms. Khalida Habib, Director SDER, Securities and Exchange Commission of Pakistan (SECP) gave a special presentation on the subject matter.
The resource persons for the training seminar included Ms. Amber Darr, Partner of one of the leading corporate law firms of Islamabad, Mr. Muhammad Farid Alam, CEO of AKD Securities Company and Ms. Ayla Majid, Director of Khalid Majid Rehman Chartered Accountants. The three resource persons provided a great mix of legal, practical and professional knowledge on the subject.
South Asian Federation of Exchanges (SAFE) is a cooperative platform launched by the bourses in South Asia with a purpose to promote the development and harmonization of the securities markets in the region. SAFE is a not for profit association having Recognized Body status of the South Asian Association for Regional Cooperation (SAARC), and is a network exchange association of the World Federation of Exchanges (WFE). SAFE comprises of thirty five (35) member entities from the SAARC Region (Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka) as well as from Bahrain, Kazakhstan, Mauritius and UAE; fifteen (15) regional stock and commodity exchanges as Primary Members; nine (9) Associate Members comprising of non-regional exchanges, and regional depository and clearing institutions, seven (7) Affiliate Members and four (4) Affiliate Associations. The permanent Secretariat of SAFE is located at Islamabad, Pakistan, and works as an independent Secretariat of the Federation. The Secretariat activities are being handled and managed by Mr. Aftab Ahmad Chaudhry, the Secretary General SAFE and Ms. Farzin Khan, the Deputy Secretary General.
For more information, contact:
South Asian Federation of Exchanges (SAFE)
96-W, Khyber Plaza, 2nd Floor, Fazal-ul-Haq Road
Tel: +9251 282 6763
Fax: +9251 280 4215