Founded in February 2001 by a broad steering committee of investor relations professionals across major Australian and New Zealand companies, the Australasian Investor Relations Association (AIRA) was established to provide listed entities with a single voice in the public debate on corporate disclosure issues and to improve the skills and professionalism of its members.
Having established itself as a key body for investor relations professionals, the Board changed the Association's membership structure in July 2004 to a corporate structure, incorporating three categories of members:
- Corporate Members (listed entities in Australia and New Zealand);
- Supporting Members (service providers to the industry); and,
- Associate Members (students and those who are not eligible for membership either as a corporate or supporting member but have an active interest in investor relations).
Additional funding sought by this change in membership has allowed the Association to better represent its members on key issues affecting the investor relations industry and to continue to develop a strong professional development program.
Since implementation of this new membership structure the Association has quickly grown and now represents over A$692 billion of market capitalisation or over two-thirds of the total market value of companies listed on the ASX.
The Association's mission is to advance the awareness of, and best practice in, investor relations in Australasia and thereby improve the relationship between listed entities and the investment community.
The need for a focused investor relations association is now greater than ever with the current volatility that is being experienced across global investments markets, greater institutional and retail shareholder activism and an increased focus on corporate disclosure by regulators.