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Event at the Athens Stock Exchange: The Value of Corporate Governance

 
28 June 2018
 
 
Event at the Athens Stock Exchange:
The Value of Corporate Governance

Keynote speaker: George Serafeim
Professor of Business Administration, Harvard Business School


 

An event was held today at the Athens Stock Exchange on the subject of: "The value of corporate governance". Alexis Haritsis, Deputy Minister of Economy and Development,  honoured the event with his presence, while keynote speaker was the Associate Professor of the Harvard Business School, George Serafeim.

The purpose of the event was to shed light on the adjustments which should be made in the business world, both as regards companies and their executives, in order to achieve their long-lasting competitiveness, both at Greek and international level, guided by successful business examples and international practices.

In this context, the Chairman of the Athens Exchange Group and Chairman of Piraeus Bank, Mr. Giorgos Hantzinikolaou, at the opening of the event noted that: "The Stock Exchange, being the core of the stock market, can and must play a key role in the development and reinforcement of the capital market. The promotion of a strong corporate governance system is a prerequisite for the attraction of new - Greek and foreign - investors, with positive effects both on the businesses and the economy of our country".

The Deputy Minister of Economy and Development, Alexis Haritsis, in his address noted that during his contacts with American and international investors in the USA, he concluded that the interest for investments in Greece is growing and expanding to sectors other than the traditional ones. Mr. Haritsis noted that the Greek Investment Road Show 2018 coincided with the Eurogroup's important decision for the Greek debt and the country's imminent exit from the MoUs, and the fact that discussions revolved around the Greek economy's priorities for the day after. He further focused on the international recognition of Greece as a pillar of stability and growth in the broader region of South-eastern Europe.

The first part of the event included a speech by the Professor of the Harvard Business School, George Serafeim, on the subject of: "The Value of Corporate Governance". His speech revolved around the main points of highlighting corporate governance as a powerful tool for attracting investors, improving the valuation and increasing the confidence in the capital market. Special weight was put on the manner in which the improvement of corporate governance can lead to better access to financing, higher valuation and a better corporate performance.

The second part of the event included an award ceremony for Members of the Athens Stock Exchange, based on their transactions in the Stock Market, the Derivatives Market, the Bond Market and the XNet Network, with the aim of reinforcing and growing the Capital market. There were parallel prizes awarded to the leading Research Departments of Members, based on the results of EXTEL's "Greek Research" category of for 2018, as well as the leading Investor Relations Departments of the Athens Stock Exchange Listed Companies.

The following awards were awarded per category:

Best Member in Stock Market (ATHEX/FEAS), 2017
    1st prize - EUROBANK EQUITIES S.A.
    2nd prize - PIRAEUS SECURITIES S.A.
    3rd prize - EUROXX SECURITIES S.A.
 
 
Best Member in Fixed Income (ATHEX/FEAS), 2017
    1st prize - INVESTMENT BANK OF GREECE S.A.
    2nd prize - ALPHA FINANCE S.A.
    3rd prize - NBG SEUCIRITIES S.A.
 
 
Best Member in Derivatives Market (ATHEX/FEAS), 2017
    1st prize - INVESTMENT BANK OF GREECE S.A.
    2nd prize - PIRAEUS SECURITIES S.A.
    3rd prize - EUROBANK EQUITIES S.A.
 
 
Highest Turnover in XNET Network, 2017
    1st prize - MEGA EQUITY SECURITIES & FINANCIAL SERVICES PUBLIC LTD
    2nd prize - HELLENIC AMERICAN SECURITIES S.A.
    3rd prize - THE CYPRUS INVESTMENT & SECURITIES CORPORATION LTD
 
 
ATHEX Members, Best Country Research Team, 2018
    1st prize - EUROBANK EQUITIES S.A.
    2nd prize - PANTELAKIS SECURITIES S.A.
    3rd prize - NBG SEUCIRITIES S.A.
 
 
ATHEX Listed Companies, Best IR Team, 2017
    1st prize - MYTILINEOS S.A. GROUP OF COMPANIES
    2nd prize - OPAP S.A.
    3rd prize - TITAN CEMENT S.A.

 

Among others, an address was delivered during the event by Debora Wince - Smith, President & CEO of the Global Federation of Competitiveness Councils (GFCC) who handed out one of the prizes and stressed the importance of competition for companies in the new digital era, and also congratulated the Athens Stock Exchange for its cooperation as a Member of the GFCC. At the same time, Ms. Debora Wince - Smith, underlined the necessity for putting in place programmes that develop the skills of companies and foster their extroversion, such as the ROOTS programme designed by the Athens Stock Exchange in cooperation with leading representatives of the global capital market ecosystem.

At the closing of the event, the CEO of the Athens Stock Exchange, Sokrates Lazaridis remarked that: "The Athens Stock Exchange makes a dynamic contribution in supporting the Greek economy in every phase of its cycle. The Athens Stock Exchange Group, with the initiatives it has undertaken through time, is working towards speeding up the integration and utilisation in Greece of the international developments in the operation of the global capital market in order to achieve substantial results for the development prospects of Greek enterprises."

The event was attended by more than 200 people, including members of investment firms, listed companies, representatives of agencies of institutional and private investors, as well as representatives of companies participating in the Greek capital market ecosystem.

See the presentation of Mr. George Serafim, Professor of the Harvard Business School

See the results of the electronic voting.

Download the Press Release

 

Ηighlight of the event
     
Speakers of the event
 
Speech by Mr. George Hadzinikolaou,
Chairman of the Athens Exchange Group
 

Speech by Mr. Alexis Haritsis,
Deputy Minister of Economy and Development

     
 
George Serafeim
Professor of Business Administration, Harvard Business School
  Awards ceremony for the Members and Listed Companies
of the Athens Stock Exchange

Ηighlight of the event
     
 
Giorgos Hantzinikolaou
Chairman of the Athens Exchange Group
  Alexis Haritsis
Deputy Minister of Economy and Development
     
George Serafeim
Professor of Business Administration,
Harvard Business School
     
 
Alexis Haritsis
Deputy Minister of Economy and Development
Sokrates Lazaridis
CEO of the Athens Stock Exchange
 

Giorgos Hantzinikolaou
Chairman of the Athens Exchange GroupΓεώργιος
Athanasios Lazanas
Founder and CEO of ARCLIF Group
Sokrates Lazaridis
CEO of the Athens Stock Exchange Αθηνών
George Serafeim
Professor of Business Administration,
Harvard Business School
Alexis Haritsis
Deputy Minister of Economy and Development
Simos Anastasopoulos
President of the American-Hellenic Chamber of Commerce

     
 
The 1st prize in the category
Best Member in stock Market (ATHEX/FEAS AWARDS), 2017 is received by Mr. Alexis Chrysohoidis
for the company EUROBANK EQUITIES AEPEY
  The 2nd prize in the category
Best Member in Fixed income (ATHEX/FEAS), 2017
received by Mr. Michalis Andadeadis for the company INVESTMENT BANK OF GREECE
     
 
The 3rd prize in the category
Best Member in Derivatives Market (ATHEX/FEAS), 2017 is received by Mr. Michalis Andreadis
for the company INVESTMENT BANK OF GREECE
  The 4th prize in the category
Highest Turnover in XNET Network 2017
is received by Mrs. Kati Iakovidou
for MEGA EQUITIES SECURITIES & FINANCIAL SERVICES PUBLIC LTD
     
 
The 5th prize in the category
ATHEX MEMBERS RESEARCH AWARDS
is received by Mr. Nikos Koscoletos for the company EUROBANK EQUITIES AEPEY.
  The 6th prize in the category
ATHEX Listed Companies, Best IR Team 2018
is received by Mr. Dimitris Papadopoulos
for the company MYTILINEOS SA BUSINESS GROUP
     
Screenshot with the winners

 

Brief Curriculum Vitae of G. Serafeim

George Serafeim is the Jakurski Family Associate Professor of Business Administration at Harvard Business School. He has taught courses in the MBA, executive education and doctoral programs. His research focuses on long-term competitiveness and the management of businesses that also create economic and social value for shareholders, employees, customers and the community in general. He has delivered speeches and lectures in over 60 countries around the world and is one of the most popular business authors on management issues. His research on how the business sector can contribute in addressing climate change and social inequalities has been cited in speeches of heads of states and international organisations. He is a member of the Boards of Directors of companies and NGOs.

He earned his doctorate in business administration at Harvard Business School and received a master's degree in accounting and finance from the London School of Economics and Political Science.

He grew up in Nea Smyrni, Athens, and graduated from the Department of Banking and Financial Management of the University of Piraeus.


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