The first national corporate governance (CG) conference will be held in Tehran, 1 and 2 May 2013, focusing on achieving Iran’s development vision.
“In global financial markets, CG has been a common issue for some years; however, this is a rather new subject in Iran, and needs much work to do”, stated Dr. Hassan Ghalibaf Asl, Tehran Stock Exchange (TSE)’s CEO. “We focus on retail shareholders’ rights, board independence and accountability, investor relations, and internal auditing and control systems as the core topics of the conference”, he added.
During the two-day event, speeches will be provided by the authorities from the ministry of economic affairs, capital market and banking sector, as well as distinguished university professors, and the participants will attend in workshops and paper presentation sessions.
“Majority shareholders are in frequent contact with companies during the year, and their policy is in force through the board members. However, the retail ones attend once a year in the GAs, and their benefits might be overlooked. It is expected that by CG principles applied, the investor relations (IR) department be established, and all stakeholders’ interests be taken into account in the Iranian companies”, Dr. Ghalibaf concluded.
The event will be jointly held by TSE and Alzahra University of Iran.