The first inaugural meeting of the Advisory Board of Elitbud-M was held within the framework of the “Test Drive of Advisory Boards for Small and Medium-Sized Enterprises” project, implemented by the Ukrainian Corporate Governance Institute in cooperation with the Corporate Governance Professional Association. The initiative is supported by the European Bank for Reconstruction and Development*, the EU and Switzerland, and is aimed at improving the quality of corporate governance, investment attractiveness and strategic capacity of Ukrainian small and medium-sized enterprises.

Elitbud-M is a Kyiv-based construction company with more than 35 years of experience in the Ukrainian market. The company provides a full range of construction and engineering services, from design to turnkey project implementation. Its key areas of activity include the construction and reconstruction of residential and commercial facilities, comprehensive finishing and renovation works, technical support for construction, as well as the implementation of projects for office, medical, retail and hotel spaces. The company has experience cooperating with international funds and is actively involved in the restoration of housing and facilities damaged as a result of the war. Elitbud-M received an award from the Confederation of Builders of Ukraine in the “Restoration Project 2022” nomination, participates in leading industry exhibitions in Ukraine and Europe, monitors the latest innovative systems and materials, and implements modern solutions in construction processes.

During the inaugural meeting, the participants got to know each other better, presented their professional experience and expertise, and discussed all key areas of the company’s activities. Special attention was paid to the specifics of Elitbud-M’s business, current challenges, opportunities for further development and priority areas of work for the Advisory Board for the coming months. The independent members of the Advisory Board also had the opportunity to hold a question-and-answer session with the company’s owner, which helped them gain a deeper understanding of the business model, management context, strategic goals and expectations regarding the work of the Advisory Board. A separate meeting of the Advisory Board members with the company’s management is also planned for this week.

The Advisory Board includes the company’s owner, Svitlana Dievochkina, as well as independent board members Tetyana Osipkina, Hanna Levandovska and Andrii Haidutskyi.

The first meeting demonstrated the openness of the company’s owner to an external professional perspective, new ideas and systematic business development. For a company with many years of experience in the construction sector, the Advisory Board will provide an opportunity to strengthen its strategic vision, assess new areas of development, structure management decisions and identify additional opportunities for growth in the context of Ukraine’s economic recovery.

The “Test Drive of Advisory Boards for Small and Medium-Sized Enterprises” project enables business owners to test the advisory board format, receive external expertise and practical recommendations, while candidates for board membership have the opportunity to apply their knowledge in practice and gain new experience.

We congratulate the participants on the start of the Advisory Board’s work and wish them productive cooperation, new ideas and strong results!

*The project is implemented with the support of the EBRD within the framework of the Board Implementation and Strategic Development for Ukrainian SMEs project, financed by Switzerland through the EBRD Small Business Impact Fund and by the European Union within the framework of the Women in Business programme.

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