The transparency is important to the relationship of the Fund with its members, as these permits to the members to be informed for the value and the risk of the Fund. The Fund believes that when the members exercise actively their rights then this may lead the investments to higher returns. This will happen because the Funds that are in the position to know that they are being observed closely by their members, they will try even harder to have a better performance. In other words, a good corporate administration helps to increase returns