We are Russia's leading association of institutional investors, uniting over 30 of the largest and most active funds with over $28 billion in portfolio investments in Russia. Our members, who include Deutsche Bank, Prosperity Capital, Franklin Templeton and 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. We've facilitated governance and organizational improvements at these and other companies in which
our members hold shares, and worked to create transparency and block value-destroying transactions at dozens of Russian companies.
Right now we have over 40 independent directors serving at approximately 30 companies, as a result of consolidation by API members.
The Association of Institutional Investors highly appreciates your active participation and support during this year’s annual general meetings in Russia.
We welcome the decision to join the API and become an active member of the Association.