Each year NASDAQ OMX Baltic exchanges identify the best companies in the Baltic market in terms of investor relations and award them during the Baltic Market Awards ceremony.
The purpose of the Baltic Market Awards is to single out the best investor relations among the Baltic listed companies, thereby encouraging the rest of companies to focus on investor relations issues.
Each listed company enrolled in the project has its investor relations evaluated individually. The evaluation is done by both local and foreign experts on corporate governance and investor relations. Moreover, as part of the project, the stock exchange specialists provide individual consultancy to companies about improving their investor relations.
The winners of the Baltic Market Awards serve as example for other companies how to build their investor relations.
The Baltic Market Awards project, alongside with evaluating investor relations, identifies the best financial intermediary – a bank or a brokerage company trading in the Baltic company shares – and awards it as Member of the Year.
The Baltic stock exchanges have been carrying on the Baltic Market Awards project since 2006.
Ivars Bergmanis, institutional equity research company's Emerging Nordic Research Managing director
„Good investor relations is not about merely distributing elaborated press releases from time to time. It is a never-ending communication, and the result is company reputation – either good or bad – in the eyes of all market participants. The key to success lies in the word "relations". People should communicate openly in order to succeed in any type of relations, and it takes some effort. Companies are in no way different. Why is it so? What if, all of a sudden, you have a chance to occupy a gap in the market or take over a competitor? You will have to persuade your present or potential investors to invest in the new share issue. Yes, investors tend to be greedy; however it will be hardly possible to talk them into anything unless they believe you are a reliable company they are comfortable with. In particular, it is true to global investors. One should remember that decisions are taken by human beings.”
Read about Baltic Market Awards 2010
