«In my opinion, Russian joint stock companies have grown more transparent and have got close to the world standards over the last few years», Management Company’s Investment Director Alexander Metzger said to UrBC.

«This is partly happening due to the Federal Financial Market Service’s regulation and their control over how joint stock companies reveal information about themselves. Then, the issuers have gradually become better in terms of investment policies and have come to realize that having the reputation of a transparent company plays a great part when a business enters the public market», he added.

«On the other hand, there are many Russian companies that don’t think of becoming public and getting finances through a stock market. For them, the information one discloses seems excessive, and having to do so becomes both a burdensome duty and a dangerous thing to do, given the possibility of hostile takeovers», Mr. Metzger observed.

«Switching from a joint stock company to a limited liability one could apparently be one solution to the problem», he said.