Увійти|Реєстрація

Kyiv, Volodymyrska street, 23

info@cgpa.com.ua

Subscribe to news
02.04.2018Round Table on “Reforming the Corporate Governance System in Ukrainian State Companies: New Challenges and Tasks”

On March 30, 2018, on the initiative of the Professional Corporate Governance Association in the Ministry of Economic Development and Trade of Ukraine under the chairmanship of the State Secretary Oleksiy Perevezentsev, a round table on “Reforming the Corporate Governance System in Ukrainian State Companies: New Challenges and Tasks” was held.

The main issues of discussion were the practical application of the laws of Ukraine No. 1405-VIII of 02.06.2016 “On Amendments to Some Legislative Acts on the Management of State and Municipal Property Objects” and from 16.11. 2017 No. 2210 “On Amendments to Some Legislative Acts of Ukraine regarding simplification of business and attraction of investments by securities issuers “. In accordance with the Law of Ukraine “On Joint Stock Companies”, supervisory boards of companies with a state interest of more than 50 percent must include at least two independent directors. By the law of 02.06.2016. № 1405 the specified provision was specified for unitary enterprises and companies of the state sector of the economy.

The experts of the round-table were the following professionals: Oleksandr Okuniev, Head of the CGPA Management Board; Igor Mitiukov, Head of the Supervisory Board of PJSC “National Depository of Ukraine”; Oliana Gordienko, Associate Director, Governance and Political Affairs, EBRD; Oleksiy Dolgikh, Managing Partner of Boyden Global Executive Search; as well as representatives of the Ministry of Economic Development and Trade, headed by Director of the Department of State Property Management Roman Kropivnitsky.

Opening the meeting, O.Perevezentsev thanked the CGPA for the initiative and stressed the importance of conducting similar joint measures aimed at developing a common effective vision and approaches to building an effective corporate governance system in Ukraine, especially as regards the management of state and municipal property objects.

During the meeting, the state of execution of the legislation requirements on creation of supervisory boards in companies of the state sector of the economy was specified; the importance of international and domestic investors to the creation and effective functioning of supervisory boards in companies of both the public and private sectors of the economy was highlighted. Specifically, the features of the civil servant (official) as a member of the supervisory boards as well as the problems faced by the company and the relevant state institutions in connection with this were noted separately. Taking into account the latest trends and changes in nominating the candidates for the position of independent members of the supervisory boards, the recommendations and opportunities of recruiting companies in this process were outlined.

The event was attended by representatives of the Secretariat of the Cabinet of Ministers of Ukraine, the Ministry of Youth and Sport, the Ministry of Finance, the Ministry of Infrastructure, the Ministry of Agrarian Policy and Food, the National Commission on Securities and Stock Market, the State Agency of the Reserve of Ukraine, the State Agency of Ukraine for Management of the Exclusion Zone, State concern “Ukroboronprom”, PJSC “Ukrzaliznytsya”, PJSC “Ukrainian Danube Shipping Company”, PJSC “Ukrposhta”, 

European o Bank for Reconstruction and Development PJSC “NJSC” Naftogaz of Ukraine”, State enterprise of financing the infrastructure projects.

CGPA considers this measure as a good start to cooperation with the Ministry of Economic Development and Trade in the field of improving corporate governance in Ukraine. O. Okuniev, in his turn, noted that CGPA and partners are always ready to join the work and assist in the implementation of government initiatives in this area.