THREE PROCESSES SHOULD BE IMPLEMENTED
all analyst presentations and teleconferences must be made open to all, with the obvious option being via live broadcast over the Internet or open-access teleconference. In both cases, these should be recorded and be made available for future downloading.
a representative from a shareholders’ association should always be invited to site visits and other less public events. Unfortunately we don’t have such a local association, but more on that in a bit.
is perhaps the thickiest: private one-on-one meetings between investors and management. I accept that a lot of useful and not necessarily price-sensitive information is relayed at such meetings and this is important for analysts to get a solid understanding of how the company works. But the reality is that this enforces the two-class system. Again, minutes or recordings of such meetings should be made public in order to help address this concern.
On the point of a shareholder association it is not happening in South