Valeo is awarded the CAC LARGE 60 Grand Prix for financial transparency
Paris, October 5, 2016 – Valeo picked up the CAC LARGE 60 Grand Prix at the 2016 Financial Transparency awards (Grands Prix de la Transparence 2016) ceremony held in Paris yesterday.
The Financial Transparency awards are handed out each year to the SBF 120-listed French companies with the highest quality regulatory information (including the registration document, the half-year financial report, the notice of annual general meeting and the regulatory information section of the company’s website). The 2016 winners were picked based on 144 criteria. The awards, which are allocated by a Scientific Committee* composed of Paris-based financial market associations, are designed to enable issuers to measure their year-on-year performance in terms of transparency and identify best practices.
“A year after being honored with the Grand Prix for Registration Documents, we are very proud to receive this award in recognition of our Group’s continuous improvement process. For years, the principles of rigor, relevance, transparency and ease of access to information about Valeo have guided our approach to communicating with investors, individual shareholders and analysts. This award highlights our determination as a Group to apply best market practices with the aim of building a trust based relationship with our investors over the long term,” said Jacques Aschenbroich, Valeo’s Chairman and Chief Executive Officer.
*Composition of the Scientific Committee
- French Asset Management Association (AFG)
- French Association for Asset Management and Individual Shareholders (APAI)
- French Federation of Associations of Employee Shareholders and Former Shareholders (FAS)
- French Federation of Individual Investors and Investment Clubs (F2iC)
- French Institute of Directors (IFA)
- Paris Europlace
- French Society of Financial Analysts (SFAF)
Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO? emissions and to the development of intuitive driving. In 2015, the Group generated sales of 14.5 billion euros and invested over 10% of its original equipment sales in research and development. Valeo has 148 plants, 19 research centers, 35 development centers and 15 distribution platforms, and employs 88,800 people in 32 countries worldwide. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.