What is the Award?
What is the award?
The Award for Best Financial Communication is an annual survey organized by BVFA/ABAF. It provides a balanced and quantified appreciation of the financial communication practices of a selection of Belgian listed companies. Key aspects surveyed are:
1. Non-financial Information (like products and services, strategy, risks etc)
2. Financial Information (like Press Releases, Financial Statements and Notes etc)
3. Investor Relations
The company with the highest overall score wins the Award for Best Financial Communication.
The Association also grants 4 sub-awards:
1. The Award for Best Non-Financial Information
2. The Award for Best Financial Information
3. The Award for Best Investor Relations
4. The Award for Best Mid & Small Cap
Purpose of the Award
The award for Best Financial Communication aims to reward the Belgian listed companies that stand out in terms of communication with the financial community. Good financial communication is a necessity, in good times as well as in bad times. Companies must be clear about their past achievements, but equally about their plans and objectives. Shareholders and (potential) investors must be informed correctly. Analysts have a vital role to play here. They assist investors in identifying risk and reward potential, translating company data, sector knowledge and forecasting skills in stock valuations and recommendations.
The main goal of ABAF/BVFA is to encourage companies to keep investing in good quality information and communication. The corporate competition is out there and is not standing still. Also, Belgian companies have to benchmark against international peers. For smaller companies in particular, excellent financial communication is crucial to attract the attention of national and international investors. For all companies screened, the Award is an interesting tool to find out about the - real or perceived - strengths and weaknesses of their financial information and communication practices. This can definitely help them to attract and keep the shareholders they want or need.
The importance of the Award can hardly be underestimated given its long track record. In 2018, the Award celebrated its 58th anniversary!