IFC has played a pioneering role in the development and promotion of good corporate governance practices in emerging markets as part of its Advisory Services (AS) efforts. Over the past decade, IFC has directly assisted 9,325 companies through its corporate governance AS projects. Since its first large scale corporate governance project in Ukraine in 1998, IFC has implemented 29 corporate governance AS projects in 18 countries. Currently, 15 projects are being implemented covering 20 countries. Key program results achieved since 2000 include adoption of 25 legislative acts, and a total direct investment of $683 million US dollars for assisted clients, of which, $134 million is from IFC, at an approximate total input cost of $16 million.