02. PRISA, a global group Annual Report 2013 Also, the Investor Relations Office has maintained fluid, daily communication with a group of 17 analysts who closely monitor company value. The Investor Relations Office has worked closely with the CFO in the financial area throughout the different processes 30 involved in recapitalization, which was approved at the General Meeting of Shareholders in June 2012. PRISA Group Communications with institutional shareholders is channeled through: 1. The Investor Relations Department, which receives daily calls and visits seeking information and details of business performance. 2. The website, which has a section dedicated to shareholders and investors that includes all financial information, relevant facts, stock information, capital, official records, etc. 3. Via email to ir@prisa.com, which answers queries from stakeholders (private and institutional shareholders, etc.). 4. Quarterly conference calls are conducted by the CEO and CFO with investors and analysts in order to give a fuller explanation of the Group’s quarterly results, previously reported to the CNMV. 5. Through road shows in different financial centers. 6. Through conferences organized by investment banks. 7. Meetings are held with sales teams from various investment banks. 8. We organize regular breakfast meetings with institutional investors. In 2012, we used all these communication channels, thereby enabling us to maintain excellent two-way communication with all relevant stakeholders. For the year 2013 the challenge is to continue to improve levels of transparency of all the information that we communicate, thereby providing all investors with the analytic tools they might need to make decisions. The aim is to broaden the scope of stakeholders, both investors and analysts, not only in Spain but also abroad. Shareholder Services Department Reporting to the General Secretary, this Department manages all contact with individual shareholders, attending to their queries and requests for information, either in person at our office, or by phone, fax, post or email. This department also deals with requests for information from the general public on a range of issues relating to the Company. Participation Legal and/or statutory restrictions on the exercise of the right to vote and legal restrictions on the acquisition or transfer of company shares There are no specific restrictions on the exercise of the right to vote for holders of Class A ordinary shares. Class B shares are non-voting shares, in accordance with articles 6 and 8 of the Articles of Association. There are no specific restrictions on the acquisition or sale of company shares. Such actions are subject to the general legal code governing shares and securities. Risk control systems General description of the Company and/ or its Group’s risk policy PRISA´s organizational structure and management processes are designed to compensate for the different risks that are inherent in its activities. Risk analysis and control are framed within the Group’s management processes and, as such, involve all of the members of the organization in a supervisory environment that is complemented with preventive measures intended to ensure that Group objectives are fulfilled. The Group continuously monitors the most significant risks that may affect the principal business units. To do so it uses a Risk Map as a tool that graphically represents
PRISA Annual Report 2013
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