A companies' success is determined by its ability to raise capital in the market. Therefore, companies should establish a good relationship with investors in order to win investors confidence. Managing investor relations (IR) programs are crucially important in a corporate world particularly fro companies with multiple shareholders. This paper examines the practice of investor relations in public listed companies in Malaysia. For this purpose, the perceptions of public listed companies and fund managers are obtained to determine whether there is and gap between the perception of fund managers and public listed companies on investor relations programs. This study indicated that most companies have established investor relations programs and provided a high value on the public information disclosures to investors and provided different means of communications in their investor relations programs. This study also revealed that fund managers are much more concerned with the information on companies' future prospect and prefer to use one-to-one meeting as the primary means of communications for their investment decisions. These findings can contribute to some knowledge in assisting companies in designing effective investor relations programs in accordance with fund managers' point of view.
