Investor Protection Association
The Investor Protection Association (IPA) is Russia’s leading association of institutional investors, uniting approximately 30 of the largest and most active funds with combined portfolio investments of over $25 bln in Russia. The IPA is a membership-based organization that exists to protect its members’ interests in Russia through forming coalitions, negotiations, government lobbying, press relations and, if all else fails, legal cases. Members include Deutsche Bank, Alfa Bank, East Capital, Leader, Franklin Templeton, Uralsib Managing Company, and many others.
Each year the IPA elects about 40 independent directors to over 30 Russian companies (mostly second tier) in all sectors of the economy, past examples including Sberbank, M.Video, RAO UES, Dixi, MRSK Holding, Cherkizovo Group, Rostelecom and many others. The IPA has facilitated governance and organizational improvements at these and other companies in which members hold shares and has worked to create transparency and block value-destroying transactions at dozens of Russian companies. In addition, the IPA has facilitated investor cooperation with the Federal Financial Markets Service, Moscow Exchange and the Federal Property Management Agency and is currently the main force lobbying for changes in Russian law regarding investor protections among other initiatives.