3. IMAGE

AMIB 2007

Market Promotion

Securities Market Business Promotion Committee

At the initiative of the BMV and AMIB, the Securities Market Business Promotion Committee (known as the CIEMV) was established to promote the market and provide orientation to participants, inviting more issuer into the market and assisting in inter-institutional efforts that encourage and enrich areas such as:

  • Information, awareness and image of the market.  The committee will increase awareness of the instruments, vehicles and asset classes available on the market, stressing the benefits for companies.
  • Services and facilities for new issuers. Definition of a general framework for the provision service models and/or facilities by: securities market institutions, brokerage firms, external auditors, legal counsel, rating agencies, financial authorities and tax authorities. 
  • Support for company institutionalization.  Promotion and guidance on the adoption of best practices in financial information, information disclosure and corporate governance.
  • Securities issue and trading.  Improving conditions for smaller companies to issue stock and maintain their listing in the market.

The members of the CIEMV are:

    • The Mexican Stock Exchange (BMV)
    • The Mexican Securities Industry Association (AMIB)
    • The Mexican Bar Association
    • Banco Nacional de Obras y Servicios Públicos (BANOBRAS)
    • Nacional Financiera (development bank)
    • The Business Coordinating Council
    • Mexican Finance Executives' Institute
    • Mexican Public Accountancy Institute
    • Market Issuers' Committee

Among the committee's activities during the year were:
Encouraging more issuers to come into the market, through a variety of actions:

    • Selecting the list of companies for interviews with ten entrepreneurs (top ten) in one-on-one meetings with the Chairmen of the Boards of the BMV and AMIB.
    • Working together with the specially designated representative from the CCE and the BMV in this effort.
    • Interviews with Price Waterhouse and Deloitte to coordinate a presentation on the topic of corporate governance for potential issuers

     

    AMIB-Nafin promotion of securities-market financing

    In order to encourage more companies to list their stocks on the exchange and to take advantage of the financing opportunities the stock market offers, we entered an agreement with the Investment Banking Department of Nacional Financiera (NAFIN) on participating actively in the meetings of its regional and state consulting councils.

    The importance of these meetings lies in the quality of its participants: the leading entrepreneurs from each region, state ministries (development, finance, infrastructure, etc.), town and municipal officials, business chambers and associations, members of the Business coordinating Council, professional colleges, universities, and others.

    • Places visited (14): Zacatecas, Aguascalientes, Tlaxcala, Mérida, Campeche, Toluca, La Paz, Saltillo, Cuernavaca, Pachuca, Veracruz, Acapulco and Chihuahua.
    • Additionally, we took part in three specific forums on financing in Torreón, Cuernavaca and Veracruz.
    • With these presentations, we have detected interest on the part of various companies which are now being evaluated by the BMV.

    The government of Guerrero invited us to take part in a seminar to promote securities-market financing for state and municipal governments.