06 October 2011 - BIC won first prize for Business Sector Transparency (the most transparent consumer goods company). This sector includes large French listed companies such as Danone, Essilor, L’Oréal, LVMH, Michelin, Pernod Ricard, Peugeot, Renault, Sanofi, Hermès, SEB and Valeo.
This prize was already awarded to BIC last year, as well the “Grand Prix” for all categories. This year, the “Grand Prix” was given to Rhodia (chemicals) but BIC ranks N°2 in front of TF1 (TV and media).
The objective of these “Grands Prix” is to enhance Regulated Information Best Practices and to assess listed companies’ efforts in the financial transparency field on an annual basis.
An independent Scientific Transparency Committee including representatives of the regulated information field in France (Financial Market Authority, French Society of Financial Analysts, French Asset Management Association, French Institute of Directors, Association for the Promotion of Individual Shareholders, Individual Investors Investment Club Association, Minority Shareholder Association, French Institute of Directors, Club Finance HEC) reviewed 85 ranking criteria aimed at gauging the transparency of sources of information:
- Reference document
- Half-Yearly Financial Report
- Quarterly information