The first introductory meeting of the advisory board of Alliance Pack LLC (FORTO) took place as part of the ‘Advisory Boards for Small and Medium-sized Enterprises Test Drive’ project, which is being implemented by the Ukrainian Corporate Governance Institute in collaboration with the Corporate Governance Professional Association. The initiative is being implemented with the support of the European Bank for Reconstruction and Development*, the EU and Switzerland, and aims to improve the quality of corporate governance, investment attractiveness and strategic capacity of Ukrainian small and medium-sized enterprises.

During the meeting, participants got to know each other better, presented their professional experience and expertise, discussed the specifics of the company’s business, key challenges and opportunities for its further development, and identified priority areas of work for the advisory board for the coming months.

The advisory board comprises the company’s owner, Vitaliy Kuzma, as well as independent board members — Iryna Starodubova, Yaroslava Moskalenko and Mykola Boichuk.

To gain a deeper understanding of the company’s operations, members of the advisory board will soon visit the production facilities of Alliance Pack LLC in the Lviv region. This will provide a better understanding of the company’s business model, production processes and the context of the board’s future work.

The participants can look forward to several months of intensive collaboration, during which the advisory board members will work alongside the owner to find solutions to the company’s current business challenges and its strategic development.

The ‘Test Drive of Advisory Boards for Small and Medium-sized Businesses’ project gives business owners the opportunity to test the advisory board format, gain external expertise and practical recommendations, whilst allowing candidates for board membership to apply their knowledge in practice and gain new experience.

We congratulate the participants on the launch of the advisory board and wish them productive collaboration, new ideas and strong results!

*The project is being implemented with the support of the EBRD within the framework of the “Board Implementation and Strategic Development for Ukrainian SMEs” Project, funded by Switzerland through the EBRD’s Small Business Impact Fund* and the European Union under the “Women in Business” Programme.

**Donors to the Fund: Ireland, Italy, Korea, Luxembourg, Norway, the United Kingdom, the United States, Switzerland, Sweden, Japan, and the TaiwanBusiness – EBRD Technical Cooperation Fund.