Aonly

The ballot is stronger than
the bullet

Abraham lincoln

+ 0
Independent directors elected
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Consolidation cases
>$ 0 bln
API members AUM in Russian public companies

About Us

Exercising shareholders’ rights and obligations we contribute to creation of value of Russian public companies

Elections of Independent Candidates

API consolidates shareholders in Russian public companies for nomination and elections of Board of Directors members with the status “API independent director”

Focus on effectiveness of dividend policies

Since 2014 API members participate in promotion of reasonable approaches to distribution of profit at the level of:

✓ Major shareholders
✓ Board of Directors
✓ Management
✓ Infrastructure

Recommendations for Voting

At general shareholders meetings

  • API proposes investors to consolidate votes at the shareholders meetings exercising approach of responsible investment
  • For effective consolidation API engages with international proxy advisory companies, including ISS, Glass Lewis and others.
  • Consolidation Opportunities

1% – request of the list of shareholders

2% – proposal of issues to agenda and candidates to the Board
Around 5% – 9% – election of the Board member
10% – convocation of the shareholders meeting
After 25% – blocking stake
  • Consolidation of opinions of portfolio investors and receipt of feed back
Russian Government
The Bank of Russia (regulator)
Ministries
Infrastructure
  • Engagement with the regulator and state authorities, support of portfolio investors in special situations

API-RUSSIA.ORG

Special situations

01

Public voice of portfolio investors – Examples

  • Corporate legislation
  • Voluntary and Mandatory
    offers
  • Distribution of Profits
  • M&A and interested party
    transactions
  • Corporate governance
  • Climate Change

02

Resolution of the controversies

  • Work with independent directors and management
  • Engagement with major shareholders
  • Consolidation of opinions/votes of portfolio investors

03

Representation in court

  • Consolidation of shareholders to decrease legal fees and trial costs
  • Selection of law firms and consultants
  • Support in mass media

Engagement with the companies regarding ESG

  • Analysis of ESG in Russian companies
  • Evaluation of the effectiveness of the Board of Directors in public companies
  • Analysis of investors’ perception of ESG in public companies

Association of
Institutional Investors (API)

  • info@api-russia.org
  • Tel: +74955105306
  • Work Hours: Mon - Fri (10 am to 6 pm)
  • Office: 127473 Moscow 1st Schemilovsky 17 office 11