More than half of listed companies comply with information disclosure norms

Friday, Jun 18, 2021 17:47

The number of listed firms meeting information disclosure requirements in 2011-21. — Source IR Awards organisers

Over 53 per cent of companies listed on the Ha Noi and Ho Chi Minh stock exchanges meet all information disclosure requirements, according to a survey conducted for the 2021 IR Awards.

It surveyed 724 of the 749 companies listed on the bourses.

Of the 389 listed companies that fully complied with the obligations, 30 firms are in the large-cap segment (accounting for 68 per cent of all enterprises in the segment), 111 in the medium-cap segment (63 per cent) and 248 in the small and micro cap segment (49 per cent).

Information disclosure is a mandatory obligation for all listed companies on the country’s two stock exchanges not to speak of their responsibility to shareholders, and investors in general.

The survey was based on regulations prescribed in Circulars 155 and 96 on information disclosure issued by the Ministry of Finance in 2015 and 2020 and other regulations from regulatory agencies.

The annual survey indicates that the percentage of companies meeting disclosure requirements is growing steadily.

This is the first year that the number of companies complying with requirements is over 50 per cent.

This growth is also key to developing the stock markets in a sustainable and transparent.

The IR Award programme is organised by Vietstock and Finance and Life online newspaper published by the Viet Nam Association of Financial Executives.

The annual awards seek to raise awareness among listed companies of the need to comply with disclosure requirements and to have good relations with investors and shareholders. — VNS

Comments (0)