New Board of the Spanish Investor Relations Association
Ferrovial, Europe´s second-largest construction group in terms of capitalisation, has been selected to chair the Spanish Investor Relations Association (AERI).
Ferrovial, the first construction company to occupy the presidency, succeeds Repsol.
The Ordinary General Assembly of AERI has elected a new Board, the principal posts of which will be as follows:Ricardo Jiménez from Ferrovial (Chair); José Carlos Durán from Amadeus (ViceChair); Felipe Gómez from Europistas (Secretary) and Daniel Lacalle from Enegás (Treasurer).
What is AERIChallenges and objectives
Established in 1991 as a not-for-profit organisation, the association is composed of 45 companies, whose capital represents approximately 92% of the Ibex-35 and 82% of the Madrid Stock Exchange General Index.
The great demand for information, which goes beyond the legal requirements on disclosure of companies´ activities and earnings, represents a continuous communication challenge for listed companies in an increasingly liberalised, competitive and global economic environment.
The need to restore investor confidence following recent accounting incidents, improved corporate governance practices, the impact of the application of International Accounting Standards from 2005, and the increasing importance of issues relating to sustainability and social responsibility are some of the demands currently facing listed companies.
On top of this, new regulations are being imposed in Spain and worldwide, creating a difficult equilibrium between external regulation and self-regulation with respect to corporate governance.
AERI endeavours to serve its members by promoting activities that are focused mainly on training its members, organising events and conferences, boosting and improving international best practices in investor relations, and exchanging experiences and knowledge in this field.
