2023-11-19 02:00:00
–Arteche is one of the few listed Basques. Do they need more?
-I think so. Financial diversification, the more the better. There are markets where small listed companies can live, such as BME Growth, which can solve many problems of family businesses. And I return to roots. You can attend to specific needs at specific times. It is a market that has a perfect size to accommodate projects that exist in Euskadi. There are many companies that have asked us how to adapt their reality to an IPO project in a small, transparent and rigorous market such as Growth. Yes, I think it would be good if there were more. We would all benefit.
–That requires undressing and I don’t know…
–What it requires is transparency and very good governance.
–Do we have to banish from the collective imagination the binomial ‘listing on the stock market-losing roots’?
–I would tell you that what you have to do is turn the argument around and say that it is a potential solution to generate roots. I don’t see it as incompatible. It’s just the opposite. You can keep the roots, which can be found in many places. It’s another tool. The Stock Exchange has that image of suspenders, a top hat and a cigar that is still a kind of comedy; Many times it is a tool that allows you to solve rooting problems. This way you don’t have to depend on funds that come in to leave in five years. The shares of the largest investor have the same rights as those of the smallest.
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–You know the electricity and energy market well. Are we going too fast?
–In everything that has to do with ESG (‘Environmental, Social and Governance’ or environmental, social and corporate governance criteria) we have to run, and we have to run more.
–Is it starting to be a necessity for Basque SMEs?
-Yeah. We see it every day. It is similar to what quality once was, the ISO. At Elkargi we see it coming and we want to help companies with this. That is why we have closed a project in collaboration with the Basque Government, the Appraisal Society and a dozen banks to give 500 SMEs a kind of accreditation. I think that this wave will be accompanied by the Administrations, but I also think that after the wave they will begin to penalize those who do not comply. The sooner it is assumed, the better.
–To what extent is the lack of talent a problem.
-Is the problem’. We have to integrate and train people from outside to compensate for what we don’t have, which is people. We have to do many things. What I want is to have people, and also people who come back. We live in a good place and we are very close to the projects, the decision centers are right here. We must ask the Administrations to homologate foreign titles; They already do it.
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