The purpose of the initiative
The purpose of this initiative is to give an award to a company leading in openness of communication with its stakeholders. The initiative is based on a similar concept that has existed at the London Stock Exchange for years.
The purpose of the initiative
- Dijana Bojčeta Markoja, UMFO representative
- Ivana Gažić, ZSE representative
- Marko Soljačić, HANFA representative
- Mislav Ante Omazić, a representative of the academic community
- Tamara Maćašović, PwC representative
Goal of the award
The goal of the award is to identify and reward listed companies that excel in clarity and transparency of reporting to their stakeholders (shareholders, investors, banks, regulators etc.)
Evaluation methodology
The review took into consideration the companies which are part of CROBEX.
The sources of information were all publicly available sources for 2017:
- Annual Report (without financial statements)
- Questionnaire regarding the Code of Corporate Governance
- a statement on application of the Code of Corporate Governance
- website of the company
The categories according to which the rated companies were selected on the basis of relevance and relevance for all the shares of the Zagreb Stock Exchange:
- Progress
- Web pages
- Strategy
- Information on risks
- Financial information
- Corporate governance
- Social Responsibility
- Other categories
Several aspects have been evaluated within each category, depending on whether the required information has been published and whether this information is transparently disclosed or not.
About rewards for building public trust
PwC Croatia, together with the representatives of the Zagreb Stock Exchange (ZSE), have launched the initiative to award the leading company for openness in communication with its stakeholders: the PwC's Building Public Trust Award (BPTA).
The goal of the award is to recognize and reward companies diversified through clarity and transparency of reporting.
