We are Russia's leading association of institutional investors, uniting over 25 of the largest and most active funds with over $30 billion in portfolio investments in Russia. Our members, who include APG AM, UCP Investment Group, East Capital, Genesis IM, Prosperity CM, Sberbank AM, VTB Capital AM many others, are united under our banner to form a coalition to protect their interests and advance the cause of better corporate governance in Russia.
Through our efforts over the past 15 years, over 450 independent directors have been elected to the boards of over 160 Russian public companies, including Sberbank, M.Video, RAO UES, Dixi, IDGC (aka "MRSK") Holding, Cherkizovo, Rostelecom and many others. Right now we have over 30 independent directors serving at 25 companies, as a result of consolidation by API members and other investors.
We've facilitated governance and organizational improvements at these and other companies in which our members hold shares, and worked to create transparency and improve the investment appeal of Russian companies.
Moscow Exchange and the Association of Institutional Investors have prepared recommendations for the development and implementation of dividend policies at public companies.