Ensuring the successful operation of joint stock companies involves their access to the investment resources. At the same time, they cannot rely upon investor confidence and inflow of external financing, unless measures for the implementation of effective corporate governance are taken, namely adequate protection of investors’ rights, reliable management and control mechanisms, openness and transparency of their activities. Within the corporate governance, the reporting and control system is defined. This allows investors to be sure that the management uses their investments properly for financial and economic activities and, thus, the value of the investors’ interest share in the capital increases.
According to the Law of Ukraine “On Securities and Stock Market” and the Regulation on Disclosure of Information by Securities Issuers #2826, stock market participants (apart from investors in securities) are obliged to have their own website. A stock market participant cannot restrict access to or charge a fee for the access to the information that is subject to disclosure on such a website. The regulated information is disclosed according to the procedure established by the NSSMC by its publication in the publicly available database of the NSSMC on the securities market #stockmarket.gov.ua# or via the person conducting the activity on disclosure of the regulated information on behalf of stock market participants, its publication on the stock market participant’s own website and its submission to the NSSMC.
It should be noted that private joint stock companies (in case if public offering was not conducted regarding the securities of such a company) disclose the regulated information only by its publication on their own websites and by its submission to the NSSMC.
Protection of investors’ rights is one of the priorities of the NSSMC’s work. Thus, the NSSMC takes actions to prevent and terminate law violations on the securities market, to impose sanctions for law violations within its powers, on a regular basis. The NSSMC continuously considers appeals, inquiries and complaints of securities market participants and takes appropriate response actions.
|Period||Total number of appeals||Appeals received via governmental hotline, out of the total number||Results of the consideration of appeals|
|І quarter 2020||157||47||appeal processed, as a result of processing answers are given|
|ІІ quarter 2020||86||31||appeal processed, as a result of processing answers are given|
|ІІІ quarter 2020||151||33||appeal processed, as a result of processing answers are given|
|ІV quarter 2020||119||23||appeal processed, as a result of processing answers are given|
|І quarter 2021||188||48||appeal processed, as a result of processing answers are given|
|ІІ quarter 2021||168||37||appeal processed, as a result of processing answers are given|
|ІІІ quarter 2021||154||37||appeal processed, as a result of processing answers are given|