Methodology

To determine the members of Institutional Investor’s 2021 Developed Europe Executive Team, we surveyed buy-side analysts, money managers and sell-side researchers at securities firms and financial institutions that cover the region, including those who cast and received votes in this year’s Europe Research Team survey. Survey results reflect the opinions from 1,536 investment professionals at 644 financial services firms.

We asked the participants to rate the chief executive officers, chief financial officers and investor relations professionals at the companies in their coverage universes. CEOs were rated on their credibility, leadership and communication. CFOs were rated on their ability in capital allocation, financial stewardship and communication. For the Investor Relations programs, companies were rated on the following attributes: productivity of NDR/road shows/conferences; earnings calls; business and market knowledge; responsiveness; authority and credibility; timing of financial disclosure; consistency of financial disclosure; and granularity of financial disclosure. Additionally, voters also rated each company on the quality of analyst/investor events and ESG metrics.

All votes are weighted by rating (five being excellent; one being average) and attributes within each category were aggregated to create the CEO, CFO, IR Professional, IR Program, ESG and Analyst/Investor Event rankings. The overall rankings in each of the categories are based on combined buy- and sell-side votes. Separate rosters (buy side, sell side) are also available for each award classification.

Using the same approach as above, a separate ranking was determined to create the 2021 Developed Europe Small & Mid-cap Executive Team ranking, where we recognized companies with less than $10 billion in market capitalization.

Honored Companies are companies who achieved at least one published position. To earn the designation of Most Honored Company in the overall ranking, a company must achieve a weighted score of ten or more points across the six categories in the combined, buy-side and sell-side rankings, wherein each first-place position is worth three points; second place, two; and third place, one. In the small & mid-cap ranking, a company must achieve four points in the combined rankings across the six categories to be a Most Honored Company.

To be eligible for inclusion on the 2021 Europe Executive Team, a company must be headquartered or have operational or executive headquarters in the region. We keep confidential the identities of the survey respondents to ensure their continuing cooperation. Voters must meet eligibility requirements, and winners must achieve a minimum vote count. All ballots are subject to review by our Research Operations Group.