The Bank of Russia, in collaboration with the Moscow Exchange, has launched the Shareholder Value Creation Programme. The first participants have been selected for this initiative, which aims to enhance market capitalization for fast-growing companies. These companies’ shares are now part of a new stock index.
“Companies from both financial and non-financial sectors were among the candidates to take part in the Programme,” said Ekaterina Abasheeva, Director of the Corporate Affairs Department at the Bank of Russia. “We have selected the issuers demonstrating the appropriate institutional quality. We expect them to emerge as the next generation of blue chips, that is, companies upholding strong corporate governance standards and focusing on increasing their investment appeal. We will continue collaborating with Moscow Exchange to expand the pool of top-tier issuers participating in the Programme.”
A committee including representatives from the Bank of Russia, Moscow Exchange, and Analytical Credit Rating Agency makes decisions on share inclusion in the index. The committee assesses corporate governance practices, information transparency, and financial performance. Participants must reconfirm their status annually and only those whose shares are listed on Moscow Exchange’s Level 1 or Level 2 quotation lists qualify for participation.
