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Exchange launches annual report contest
HCM Stock Exchange in coordination with the Dau Tu Chung Khoan (Securities Investment) magazine and fund manager Dragon Capital announced on Mar. 10 this year's annual report contest for listed companies on the country's two exchanges in HCM City and Ha Noi.
The contest targets at encouraging the companies to improve professionalism and transparency in making their reports, to be better known to investors.
The organising board lays stress on information transparency in areas including cash flow, financial investment and reserves for risks, and corporate governance, according to Le Nhi Nang, HOSE's Deputy General Director.
There should be comments on the financial status as well as analyses on business performance and risk management solutions.
The report's design in ways to attract viewers and make it easy to understand will also be a focus.
This will be the fourth contest and Nang said listed companies had shown that they were increasingly aware of the importance of the annual report in introducing their companies to investors and partners.
Those who wish to participate in the contest should send their reports to either exchange no later than April 20.
Around 600 businesses are available on the boards of the exchanges.
Awards will be announced in early July, according to Nang, who is also head of the organising board.
vietnamnews
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