Relying on existing company policies and procedures, and supplementing them with US federal laws, US SEC rules and regulations, US stock exchange regulations, best corporate governance practices, and local non-US regulator requirements, an information disclosure procedure manual is generated.

This manual, called Disclosure Handbook, will answer any doubts about best practice procedures in material information disclosure to the financial markets. Its cross reference and procedure forms structure will assist the company in effectively communicating with the investor and analyst community, removing doubts as to what, when and how to disclose.

» Disclosure Handbook Checklist

Subsequent to its generation, the Disclosure Handbook is evaluated by a series of parties to verify its reliability and compliance with existing rules, regulations and best practice procedures existing in the company’s reporting regime(s).

After the first draft, a review committee made up of MZ Consult and Linklaters, revises the manual’s content relying on their respective and legal market expertise. Once both the review committee and the company find the manual satisfactory, the Disclosure Handbook is submitted to the company’s Board of Directors.

The Board of Directors will also review, amend, if necessary, and adopt the Disclosure Handbook. Subsequent to Board ratification, the manual is filed with the exchange regulators and governing bodies of the company’s reporting regime(s).

Upon completion of these approval stages, the company is now ready to start adopting the procedures and practices defined in its Disclosure Handbook, and prepare for KPMG’s review scheduled to take place after the company’s first two disclosure procedures.

The practices and procedures defined in the Disclosure Handbook are ready to be put into place. Upon filing the manual with the appropriate parties, the company will adopt the prescribed procedures and prepare for its KPMG review scheduled to occur subsequent to its first two disclosure processes.

KPMG will review the company’s procedures and issue a findings report indicating whether or not the agreed upon procedures were followed. The report will be sent to both the company as well as MZ Consult, the party in charge of delivering the seal.

Assuming a positive findings report, the company is now ready to receive its Exemplary Disclosure™ seal.

Having gone through all the necessary approval processes, the company is now ready to receive the seal indicating that it has been in compliance with its Disclosure Handbook. Indeed, subsequent to satisfactory findings report issued by KPMG, MZ Consult will award the Exemplary Disclosure™ seal to the company.

The seal will be valid for a period of 6 months, but can easily be renewed at that time. An Exemplary Disclosure™ company, will undergo semi-annual reviews by KPMG, as long as it wants to maintain this denomination. The process will be the same as that described in Step 3. KPMG will issue a findings report which will be sent to both the company and MZ Consult. Once again, assuming a positive report, MZ Consult will renew the seal.

Certification renewal is determined by the resulting findings reported in KPMG’s the semi-annual reviews of Exemplary Disclosure™ certified companies. Assuming KPMG’s findings report is satisfactory, confirming ongoing compliance of the company with agreed upon procedures, MZ Consult will reissue the seal, valid for another 6 months.