INTEGRATING INVESTOR RELATIONS
TO ENHANCE
INVESTOR ADDED VALUATION
Prof. Roy Sembel, PhD
Jakarta, December 2011
1
PROF. ROY SEMBEL
EDUCATION
1982-86 IPB, Bogor. FMIPA. Major: Statistics, Minor: Economics; Ir., Best Graduate, Cum Laude...
2
1997-98 Economics & Finance Staff, Office of Dr (HC) Radius Prawiro, Jakarta.
2000 ACUCA Lecturer: Japan, South Korea, T...
3
2008 Board of Advisor UMN
2008-2009 Ketua Dewan Pembina Partai Barisan Nasional (BARNAS)
2008-2010 Chairman CAPITAL PRIC...
4
Crisis is Everywhere…..
KASUS KORUPSI
5
GOAL OF FIRM
VALUE CREATION, WHICH INCLUDE:
•GENERATION OF CASH FLOW
•GROWTH AND SUSTAINABILITY OF CASH FLOW
•SATISFYING...
BUSINESS FAILURES
BARINGS
ORANGE COUNTY
LTCM
ENRON
CITIBANK
BANK MEGA
dll
Importance of
•Good governance
•Strategy
•Audit
...
7
KECEPATAN, TERMASUK KECEPATAN PERUBAHAN,
MENINGKAT PESAT
Era
Lama periode
[tahun]
Kecepatan
[km/jam]
Time to cycle Earth...
8
THE CHALLENGE IN THE NEW
ECONOMY
G
L
O
B
A
L
I
S
A
S
I
Mobilitas kapital
Digitisasi /
E-commerce
Liberalisasi
Baru struk...
9
New Challenge
for Audit
Transparansi dan
persaingan
RISK AND RETURN
Lebih banyak pilihan
Pelayanan 24 jam sehari
Hanya s...
10
LONG-TERM RETURN OF IHSG: VERY GOOD
Average yearly return 21,4%
RETURN IHSG 1978-2010
-100%
-50%
0%
50%
100%
150%
200%
...
11
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
2000 2001 2002 2003 2004 2005 2006 20...
12
WISDOM for IR
WATAK: SWOT
IMPIAN/INGIN: SMARTER Goal
SIASAT: Strategy
DIDIK: Capacity Building
OTAK/OTOT: Smart / hard ...
13
BUSINESS FRAMEWORK
Hardware
Leadership
BrainwareMarketware
Software
CULTURE
Common
Goal
TUJUAN
IF YOU DON’T
KNOW WHERE
YOU ARE GOING
EVERY ROAD
WILL GET YOU
NOWHERE
Henry Kissinger
.
I
SPECIFIC
MEASURABLE
ACTIONABLE
REALISTIC
TIME BOUND
I
ENCOURAGING
REWARDING
SUMBER VALUE REATION BARU:
ASET INTANGIBLE (Aset NirWujud)
Intangibles
Properti intelektual
SDM Unggul
Merek / Brand
N...
17
IR CAN SUPPORT VALUE CREATING POLICY
•Success Stories
•Weaknesses
•Barriers for improvements
•Opportunities for improve...
18
PLENTY OF OPPORTUNITIES EVERYWHERE
PENDEKATAN INTERNAL
OPTIMIZE EXISTING RESOURCES
Tangible Assets
Intangible Assets
CA...
19
7 SI of IR
VISI / MISI
MOTIVASI
EDUKASI
KOMPETENSI
EKSEKUSI
KONSISTENSI
PERSISTENSI
20
WHERE DO WE GO FROM HERE?
NOT JUST BUT ALSO………………
Reactive Proactive and Creative
Process-based Result-based
Report Adv...
21
GRATIS e-NEWSLETTER
WISDOM, WEB, WEALTH
Kirim e-mail dari e-mail anda ke
Smart_WISDOM-subscribe@yahoogroups.com
Kalau a...
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PRSI Int PR conf 2011 day 1 Integrating investor relations to enhance investor added valuation by Prof Roy Sembel

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PRSI Int PR conf 2011 day 1 Integrating investor relations to enhance investor added valuation by Prof Roy Sembel

  1. 1. INTEGRATING INVESTOR RELATIONS TO ENHANCE INVESTOR ADDED VALUATION Prof. Roy Sembel, PhD Jakarta, December 2011
  2. 2. 1 PROF. ROY SEMBEL EDUCATION 1982-86 IPB, Bogor. FMIPA. Major: Statistics, Minor: Economics; Ir., Best Graduate, Cum Laude 1988-90 Rotterdam School of Management, Erasmus University Rotterdam and The Wharton School, University of Pennsylvania Philadelphia MBA, Finance/Banking, Best Graduate, With Honours 1991-96 J.M.Katz Graduate School of Business, University of Pittsburgh; Major: Corporate Finance; Minor: Econometrics; PhD; Dissertation: “IPO Anomalies, Truncated Excess Supply, and Heterogeneous Information” WORK EXPERIENCE 1984-87 Teaching Assistant, FMIPA, IPB. 1990 Internship; ABN Bank, European Treasury Department, Amsterdam. 1990-91 Corporate Banking; ABN AMRO Bank Amsterdam 1994-96 Teaching Assistant, University of Pittsburgh. 1994-2000 Co-founder Indonesian Physics Olympic Team /TOFI Foundation & Indonesian Computer Olympic Foundation TOKI
  3. 3. 2 1997-98 Economics & Finance Staff, Office of Dr (HC) Radius Prawiro, Jakarta. 2000 ACUCA Lecturer: Japan, South Korea, Taiwan, Hong Kong, The Philippines, Thailand 1987-Now Lecturer, Faculty of Economics, Christian University of Indonesia, Jakarta. 1997-2001 Visiting Lecturer at IPMI, Institut PPM, Magister Management Program University of Indonesia, University of Sam Ratulangi, Universitas Lampung, Magister Akuntansi & Post Graduate (S2 & S3) Program Faculty of Economics University of Indonesia, Pelita Harapan University. Subjects: Investment Analysis and Risk Management, Corporate Finance, International Finance, Derivative Securities, Managerial Economics, Banks & Capital Markets, eBusiness Management. 1998-2001 McKinsey & Co, Jakarta 2001-2006 Direktur Program Magister Manajemen Keuangan Universitas Bina Nusantara, Co- founder Indonesia Learning Institute (InLIne), Indonesia School of Life (InSchoOL) 2005-2007 Komisaris Independen & Ketua Komite Pemantau Risiko PT Bank Niaga Tbk 2005- Professor in Financial Economics; Charter member Lembaga Komisaris dan Direksi Indonesia 2006-2008 Academic Expert Advisor, Universitas Ciputra Surabaya, 2006- Owner/Komisaris (PT. Mobee Indonesia, PT MARS Indonesia) 2007- Supervisory Committee Asian Bond Fund Indonesia (TCW Bahana/BI), Ketua Komite Sertifikasi FPSB Indonesia 2007-2008 Pejabat Dekan FE Universitas Multimedia Nusantara (UMN) Ketua Umum Partai Barisan Nasional (BARNAS)
  4. 4. 3 2008 Board of Advisor UMN 2008-2009 Ketua Dewan Pembina Partai Barisan Nasional (BARNAS) 2008-2010 Chairman CAPITAL PRICE 2009-2010 Dean of Business School and Director of Graduate Program, UPH 2010- Direktur PT Bursa Berjangka Jakarta MISCELLANEOUS Speaker in many seminars in Indonesia, USA, and Europe. Writer of more than 1000 articles in KONTAN, GATRA, Sinar Harapan, SWA, Bisnis Indonesia, KOMPAS, Investor, Investor Daily, Warta Ekonomi, Manajemen & Usahawan Indonesia, InfoBank, Jurnal Pasar Modal, Media Akuntansi, DIA, Bahana, Jurnal Ekonomi UKI, JAKI, JBR, Scripta Economica UPH, Jurnal, Sinergi MMUII, published books, Internet.
  5. 5. 4 Crisis is Everywhere….. KASUS KORUPSI
  6. 6. 5 GOAL OF FIRM VALUE CREATION, WHICH INCLUDE: •GENERATION OF CASH FLOW •GROWTH AND SUSTAINABILITY OF CASH FLOW •SATISFYING OBLIGATIONS TO STAKEHOLDERS IN A FAIR WAY •PLAYING WITHIN THE RULES AND ETHICS
  7. 7. BUSINESS FAILURES BARINGS ORANGE COUNTY LTCM ENRON CITIBANK BANK MEGA dll Importance of •Good governance •Strategy •Audit •Risk management
  8. 8. 7 KECEPATAN, TERMASUK KECEPATAN PERUBAHAN, MENINGKAT PESAT Era Lama periode [tahun] Kecepatan [km/jam] Time to cycle Earth [tahun] Agrarian 3-5000 (Age) 3-5 (Human) 3-5 (Years) Industrial 3-500 (Revolution) 3-50 (Auto) .3-.5 (Months) Post-industrial 3-50 (Trend) 3-500 (Plane) .03-.05 (Days) Friction-free 3-5 (Fad) 3-5000 (Network) .003-.005 (Hours) Sumber: Diolah dari T. G. Lewis, The friction-free economy
  9. 9. 8 THE CHALLENGE IN THE NEW ECONOMY G L O B A L I S A S I Mobilitas kapital Digitisasi / E-commerce Liberalisasi Baru struktur pasar Baru struktur industri Baru struktur perusahaan EKONOMI BARU EKONOMI LAMA
  10. 10. 9 New Challenge for Audit Transparansi dan persaingan RISK AND RETURN Lebih banyak pilihan Pelayanan 24 jam sehari Hanya sejauh ‘click’ Biaya interaksi Biaya Transformasi Seleksi alam lebih cepat ‘Sticks and carrots’ untuk lebih efisien dan inovatif Interaksi dan transaksi lebih banyak dan cepat Globalisasi dan lokalisasi Unbundling dan reassembling organisasi bisnis, pemerintah, instrumen finansial PENINGKATAN POTENSI RETURN DAN RISK
  11. 11. 10 LONG-TERM RETURN OF IHSG: VERY GOOD Average yearly return 21,4% RETURN IHSG 1978-2010 -100% -50% 0% 50% 100% 150% 200% 250% 300% 1975 1980 1985 1990 1995 2000 2005 2010 2015 TAHUN RETURN
  12. 12. 11 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 TOTAL VOLUME (LOT) TRANSAKSIJFX 2000 - 2011 * * Angka untuk 2011 estimasi berdasarkan angka sampai November , disetahunkan
  13. 13. 12 WISDOM for IR WATAK: SWOT IMPIAN/INGIN: SMARTER Goal SIASAT: Strategy DIDIK: Capacity Building OTAK/OTOT: Smart / hard work METER : Measure, MONITOR Keep track MANAJEMEN Optimal allocation of resources
  14. 14. 13 BUSINESS FRAMEWORK Hardware Leadership BrainwareMarketware Software CULTURE Common Goal
  15. 15. TUJUAN IF YOU DON’T KNOW WHERE YOU ARE GOING EVERY ROAD WILL GET YOU NOWHERE Henry Kissinger . I
  16. 16. SPECIFIC MEASURABLE ACTIONABLE REALISTIC TIME BOUND I ENCOURAGING REWARDING
  17. 17. SUMBER VALUE REATION BARU: ASET INTANGIBLE (Aset NirWujud) Intangibles Properti intelektual SDM Unggul Merek / Brand Network
  18. 18. 17 IR CAN SUPPORT VALUE CREATING POLICY •Success Stories •Weaknesses •Barriers for improvements •Opportunities for improvements EXTERNAL ENVIRONMENT Procedures Results Facts Perceptions C O M M U N I C A T I O N P O L I C Y
  19. 19. 18 PLENTY OF OPPORTUNITIES EVERYWHERE PENDEKATAN INTERNAL OPTIMIZE EXISTING RESOURCES Tangible Assets Intangible Assets CAPACITY BUILDING PENDEKATAN EXTERNAL RIDING ON A TREND GEOGRAPHY DEMOGRAPHY PSYCHOGRAPHY PENDEKATAN INOVASI CREATING A TREND NEW PRODUCTS NEW WAYS OF DOING ECONOMIC ACTIVITIES NEW TECHNOLOGY
  20. 20. 19 7 SI of IR VISI / MISI MOTIVASI EDUKASI KOMPETENSI EKSEKUSI KONSISTENSI PERSISTENSI
  21. 21. 20 WHERE DO WE GO FROM HERE? NOT JUST BUT ALSO……………… Reactive Proactive and Creative Process-based Result-based Report Advise, Recommend Fire fighter Uncover Opportunities Following rules Doing the right things (the soul of the rules) Monitor Empower Value preservation Value Creation
  22. 22. 21 GRATIS e-NEWSLETTER WISDOM, WEB, WEALTH Kirim e-mail dari e-mail anda ke Smart_WISDOM-subscribe@yahoogroups.com Kalau anda jalan-jalan ke Tasikmalaya Jangan lupa ngemil sambel, tahu dan oncom Kalau masih ada yang ingin ditanya Jangan lupa kirim e-mail ke rsembel@yahoo.com Facebook: Prof Roy Sembel Twitter: ProfRoySembel

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