PEUGEOT : PSA Peugeot CitroŰn receives 2012 Grand Prix for Financial Transparency
10/05/2012 | 04:05am US/Eastern
Regulatory News: PSA Peugeot CitroŰn (Paris: UG) has been awarded the 2012 Large Cap Grand Prix for Financial Transparency. The Grand Prix is awarded each year a company that has demonstrated best practices in regulated financial reporting, in recognition of its commitment to meeting the highest standards of financial transparency in four main areas: accessibility, accuracy, comparability and availability. The award honours listed French companies for deploying the best financial communication tools against a background of increasingly stringent demands on the part of the regulatory authorities and the financial market players. The ranking of the different companies is drawn up by an independent scientific committee of representatives of the principal French market players (AutoritÚ des MarchÚs Financiers, SociÚtÚ Franšaise des Analystes Financiers, Association Franšaise de Gestion, Institut Franšais des Administrateurs, Association pour la Promotion de l'Actionnariat Individuel, Association des Actionnaires Minoritaires, FÚdÚration des Investisseurs Individuels et des Clubs d'Investissements, UniversitÚ de Paris Dauphine and NYSE Euronext). A total of 85 criteria are used by the committee to objectively assess three sources of financial information: the registration document, interim financial report and website regulatory information. PSA Peugeot CitroŰn was selected by the Scientific Committee in 2012, which reviewed a panel of 170 companies. The Grand Prix attests to the commitment of the Group and its teams to providing complete and transparent information, while underscoring their determination to use the best practices.