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Listed Companies in Central and Eastern Europe Improve Online Disclosure
Listed Companies in Central and Eastern Europe Improve Online Disclosure
Published 03-01-04
Submitted by East-West Management Institute
Nevertheless, a comparison of this survey with the two surveys conducted in 2003 indicates that certain thresholds have been reached, and further improvements above these thresholds have not been made. For example: in February 2004, 95% of the companies surveyed have a website (in comparison with 96% in August 2003 and 95% in February 2003 and 75% have an English-language website (in comparison with 83% in August 2003 and 80% in February 2003).
Furthermore, as noted in previous surveys, many companies still do not provide additional information in English about management and supervisory board members. The survey suggests that “best practice” would include a separate page of the website dedicated to investor relations, including a photo and short biography of each senior manager and each member of the board of directors/supervisory board.
Investor Relations Online: Survey of Websites of the Largest Listed Companies in CEE analyzes the websites of the ten largest listed companies (by market capitalization) in each of the following CEE countries: Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovak Republic and Slovenia. The survey provides current data as of February 2004 and comparisons with the five previous surveys, completed in August 2003, February 2003, August 2002, February 2002 and August 2001.
Survey findings include the following:
Starting today, the survey is available online at:
http://www.ewmi.hu/capitalmarkets_research.php.
About the Partners for Financial Stability (PFS) Program
The Partners for Financial Stability (PFS) Program, established in December 1999, is a cooperative program of the United States Department of State and East-West Management Institute (EWMI), a New York-based non-profit organization. Active in the Estonia, Latvia and Lithuania, the PFS Program is mandated to fill remaining gaps in the institutional development of the financial sector through regional integration and cooperation, selective technical assistance programs and the practical application of lessons learned in neighboring countries. The substantive areas covered under the PFS Program are: accounting, auditing, banking, capital markets, insurance and pension reform.
Conceptually, PFS Program activities share ideas, experiences learned and policy recommendations with the goal of strengthening existing and building new institutions to further advance financial sector reform. Also, the PFS Program is mandated to identify and promote the implementation of best practices and international standards in the above-mentioned financial sectors. All PFS Program activities are regional in nature and include a cost-sharing element on the part of local institutions. For more information, visit the PFS Program website at
www.ewmi.hu/activities_pfs.html.
East-West Management Institute
East-West Management Institute
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