دهقان

A press conference on holding electronic assemblies of provincial Justice Shares investment companies was held this morning at the Ministry of Economic Affairs and Finance.

Tehran, April. 13(SENA)-According to the Securities and Exchange News Agency (Sena), the head of the Securities and  Exchange Organization said at the meeting that the purpose of designing provincial companies is to turn them into regional development arms and said: electing a capable board of directors will increase the value of people's assets day by day.

Dr. Mohammad Ali Dehghan Dehnavi stated: The purpose of designing provincial companies in the governing body was to become the arm of the development of their province; That is, both to manage the people's assets and to invest in provincial projects by creating new assets in order to achieve the development of the province. It is natural that this goal will not be achieved without the formation of a strong board.

Design of provincial companies; Goals and motivations

Referring to the history of the implementation of the National Plan for the Liberation of Justice Shares, he said: When the issue of liberalization of justice Shares was raised in 2020, two solutions were proposed for those involved in justice Shares: The shares of 36 listed companies and several non-listed companies are, in fact, portfolios of Justice  portfolios of shares of valuable, large and strong companies in the country.

Dr. Dehghan Dehnavi pointed out: The first method was for people to manage their own stocks, which took the title of direct method, and only a few people had chosen the direct method.

He pointed to the importance of provincial investment companies and said: "Due to the high number of indirect shareholders, which were close to 30 million people, when the assets were placed in this company, they became large companies and the value of the companies doubled." One thousand billion tomans in some small provinces and up to 30 thousand billion tomans in large provinces.

18 May; The first provincial corporate elections

The head of the Securities and  Exchange Organization, stating that the first elections of companies will be held on May 7, said: At least six companies will be elected on this date.

Dr. Dehghan Dehnavi explained: On this day, the voting system will be opened and the list of people who have been approved for the board of directors will be provided to the shareholders. Of course, this system is open for a few days so that people can easily check and select. In the end, the members will be chosen from among the people who have received the most votes.

No new registration will be made after April 17th

"We have invited the applicants to go through the registration process by April 17," he said. "We expect the registrants to have sufficient knowledge and relevant experience and to have general conditions."

He added: "Voting rights, like all other companies' assemblies, will be based on the share of individuals, and in our opinion, these provincial companies are like all other investors who want to enter the capital market."

In the end, the head of the Securities and Exchange Organization emphasized: After the formation of the board of directors, the continuous monitoring of the performance of the board of directors will continue.

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