The stock market rings the financial literacy bell – The Royal Gazette
Updated: 06 October 2022 13:38
Ringers: (lr) Noah Fields, Investor Relations, Butterfield; Cheryl S. Watts, Chief Compliance Officer, LOM Financial; Ailish Byrne, Chief Compliance Officer, BSX; Stephen Davidson, President, BPHL; Navi Dhesi, CEO, BAS Group of Companies; Jonathan Howes, CEO, BPHL. (Photograph provided)
The Bermuda Stock Exchange is launching a new initiative to increase investor resilience and encourage sustainable finance with listed companies and trading members.
The announcement came as the BSX joined issuers at the “Ring the Bell for Financial Literacy 2022” ceremony at Exchange House, the exchange’s new headquarters on Pitts Bay Road.
The Ring the Bell for Financial Literacy initiative supports the International Organization of Securities Commissions’ Global Investor Week, which runs October 3-9.
The global campaign aims to raise awareness of the importance of investor education and protection.
The key messages of this year’s campaign revolve around two themes: investor resilience and sustainable finance.
Greg Wojciechowski, CEO of the exchange, said: “BSX is delighted to once again participate in the IOSCO WIW with our goal this year to improve interaction and communication between listed issuers, trading members, shareholders and the Stock Exchange.
“Environmental, social and governance policies are important factors that increase shareholder value and as part of our efforts to promote financial sustainability, we are working with our members and listed companies to promote greater use of electronic communications with shareholders.”
Thomas P. Gallagher, Chairman of BSX and Chairman and CEO of MIAX, said, “ESG initiatives are a critical area of focus for the global financial community, and we are pleased to support the IOSCO 2022 WIW campaign to help promote investor education around the world.”
“One of MIAX’s key ESG pillars is to promote greater financial literacy, and we strongly believe that investing in our local communities to provide responsible business education and resources will help investors plan for their future financial well-being. .”
The exchange encourages investors to ensure that their contact details are up to date on the shareholder records of the companies for which they hold shares and to check with their broker and/or investment adviser to ensure that they are receiving timely information for investors.
BSX wants shareholders to “go green” and support corporate and exchange efforts to promote sustainable finance in Bermuda by opting into electronic distribution of investor communications and materials to reduce the impact on the environment as well as costs.
It is also adopting greener practices with its listed issuers, sponsors and trading members in an effort to reduce its carbon footprint by accepting electronic copies of listing materials and annual reports for filing and diffusion.