Event at the Athens Stock Exchange: The Value of Corporate Governance

An event was held today at the Athens Stock Exchange on the subject of: “The value of corporate governance”. Alexis Haritsis, Deputy Minister of Economy and Development, honoured the event with his presence, while keynote speaker was the Associate Professor of the Harvard Business School, George Serafeim.

The purpose of the event was to shed light on the adjustments which should be made in the business world, both as regards companies and their executives, in order to achieve their long-lasting competitiveness, both at Greek and international level, guided by successful business examples and international practices.

In this context, the Chairman of the Athens Exchange Group and Chairman of Piraeus Bank, Mr. Giorgos Hantzinikolaou, at the opening of the event noted that: “The Stock Exchange, being the core of the stock market, can and must play a key role in the development and reinforcement of the capital market. The promotion of a strong corporate governance system is a prerequisite for the attraction of new – Greek and foreign – investors, with positive effects both on the businesses and the economy of our country”.

The Deputy Minister of Economy and Development, Alexis Haritsis, in his address noted that during his contacts with American and international investors in the USA, he concluded that the interest for investments in Greece is growing and expanding to sectors other than the traditional ones. Mr. Haritsis noted that the Greek Investment Road Show 2018 coincided with the Eurogroup’s important decision for the Greek debt and the country’s imminent exit from the MoUs, and the fact that discussions revolved around the Greek economy’s priorities for the day after. He further focused on the international recognition of Greece as a pillar of stability and growth in the broader region of South-eastern Europe.

The first part of the event included a speech by the Professor of the Harvard Business School, George Serafeim, on the subject of: “The Value of Corporate Governance”. His speech revolved around the main points of highlighting corporate governance as a powerful tool for attracting investors, improving the valuation and increasing the confidence in the capital market. Special weight was put on the manner in which the improvement of corporate governance can lead to better access to financing, higher valuation and a better corporate performance.

The second part of the event included an award ceremony for Members of the Athens Stock Exchange, based on their transactions in the Stock Market, the Derivatives Market, the Bond Market and the XNet Network, with the aim of reinforcing and growing the Capital market. There were parallel prizes awarded to the leading Research Departments of Members, based on the results of EXTEL’s “Greek Research” category of for 2018, as well as the leading Investor Relations Departments of the Athens Stock Exchange Listed Companies.

The following awards were awarded per category:

Best Member in Stock Market (ATHEX/FEAS), 2017
1st prize – EUROBANK EQUITIES S.A.
2nd prize – PIRAEUS SECURITIES S.A.
3rd prize – EUROXX SECURITIES S.A.

Best Member in Fixed Income (ATHEX/FEAS), 2017
1st prize – INVESTMENT BANK OF GREECE S.A.
2nd prize – ALPHA FINANCE S.A.
3rd prize – NBG SEUCIRITIES S.A.

Best Member in Derivatives Market (ATHEX/FEAS), 2017
1st prize – INVESTMENT BANK OF GREECE S.A.
2nd prize – PIRAEUS SECURITIES S.A.
3rd prize – EUROBANK EQUITIES S.A.

Highest Turnover in XNET Network, 2017
1st prize – MEGA EQUITY SECURITIES & FINANCIAL SERVICES PUBLIC LTD
2nd prize – HELLENIC AMERICAN SECURITIES S.A.
3rd prize – THE CYPRUS INVESTMENT & SECURITIES CORPORATION LTD

ATHEX Members, Best Country Research Team, 2018
1st prize – EUROBANK EQUITIES S.A.
2nd prize – PANTELAKIS SECURITIES S.A.
3rd prize – NBG SEUCIRITIES S.A.

ATHEX Listed Companies, Best IR Team, 2017
1st prize – MYTILINEOS S.A. GROUP OF COMPANIES
2nd prize – OPAP S.A.
3rd prize – TITAN CEMENT S.A.