26 May 2019
DiamondWorld Directory
Home |
News
Home
ALROSA's Corporate Governance Recognized Best in Russia by Foreign Investors
The Fund noted positive changes in the dividend policy of ALROSA, according to which the amount of annual dividends may exceed 100 per cent of free cash flow. Other significant achievements include cost-cutting, disposal of non-core assets and working capital improvements.
By: Diamond World News Service
|
Dec 7 2018 5:06PM
|
Reference: 16846  

DecreaseIncrease

The Swedish fund East Capital, one of the largest international portfolio investors on the Russian market and a minority shareholder of ALROSA, announced the winners of its annual East Capital Awards.

ALROSA received the Best Corporate Governance Award. "Typically, state-owned companies are not leaders in terms of corporate governance developments, but we consider ALROSA one of the best examples adhering to the highest standards of corporate governance in emerging markets," the Fund representatives said.

The Fund noted positive changes in the dividend policy of ALROSA, according to which the amount of annual dividends may exceed 100 per cent of free cash flow. Other significant achievements include cost-cutting, disposal of non-core assets and working capital improvements.

"Compliance with high corporate governance standards is currently one of ALROSA's strategic priorities, so we are grateful to East Capital for the honor and are pleased to receive such a prestigious award. Despite the fact that our company has already achieved some success in this area, we continue to improve our corporate governance system, strive to meet international standards (including corporate law and anti-corruption legislation), and promptly respond to any changes and external challenges," Alexey Filippovsky, Deputy CEO of ALROSA, said.

"The Awards serve to highlight some of the most outstanding companies in our portfolios, and also to inspire others. Through our extensive in-depth research with frequent company meetings in emerging and frontier markets, we identify companies each year that have achieved impressive results and demonstrate great potential. I want to extend my sincere congratulations to this year's award winners on their impressive achievements," Peter Elam Håkansson, Chairman and CIO of East Capital, commented on the award.

The Swedish fund East Capital has held the East Capital Awards since 2004, highlighting the success of investment and financial companies that have achieved the most impressive results and have shown potential in four categories: Best Growth, Best IPO, Discovery of the Year, and Best Corporate Governance.

East Capital was founded in Sweden in 1997. It is an independent asset manager specialized in emerging and frontier markets with offices in Dubai, Hong Kong, Luxembourg, Moscow, Oslo, Stockholm and Tallinn. The company manages EUR 2.8 bn in public and private equity funds, real estate funds and separate accounts.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
M. Suresh234x60
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 13776
GJEPC Chairman Interview
Views: 12628
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 19503
Promo for IJ Awards 2012 at NDTV Profit
Views: 32048
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 35135
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 10223
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 33468
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 31605
Advertisement
KGK_Antwepr
Advertisement
Big Sub-IJ/DW
Member of:
Supporter of: