On June 18, 2025, the Corporate Governance Professional Association (CGPA) held an online meeting, where over 100 participants discussed possible changes to the Remuneration Policy for Executives of State-Owned Enterprises and the Remuneration Policy for Members of Supervisory Boards of Such Enterprises.
The event was held in partnership with the Ministry of Economy of Ukraine, which is currently preparing updates to these policies, approved by Resolution of the Cabinet of Ministers of Ukraine No. 1369 dated November 29, 2024.
Yaroslava Maksymenko, Director of the Property Policy and Sanctions Department of the Ministry of Economy, delivered a welcoming address to the participants. She emphasized the importance of updating these policies for the effective operation of state-owned enterprises. She emphasized the importance of direct feedback from companies to enhance the quality of remuneration regulation.
The event was moderated by Volodymyr Igonin, partner at Vasil Kisil & Partners Law Firm and member of the CGPA Board of Directors. Oleksii Yegorchenkov, Senior Manager at EY in Ukraine (Public Sector Consulting), presented the first policy proposals received. The teams of Vasil Kisil & Partners Law Firm and EY in Ukraine, with the support of the European Bank for Reconstruction and Development (EBRD), are providing expert assistance to the Ministry of Economy in preparing the State Property Policy and related documents, including remuneration policies.
The closing remarks were delivered by Oleksandr Okuniev, Chairman of the Board of Directors of the Corporate Governance Professional Association, who emphasized that the Association has become an active platform for professional discussions and exchange of views among corporate governance experts.
Until June 23, 2025, all interested parties can submit their written comments and suggestions on the updated draft Remuneration Policies using the electronic form available at: https://forms.gle/vADFEBbAm9pAwAcC6
Follow the news on the CGPA website and social media pages — we will keep you informed about the next steps.
The event was supported by the European Bank for Reconstruction and Development (EBRD). The project is implemented with the support of the EBRD Ukraine Stabilisation and Sustainable Growth Multi-Donor Account (Austria, Denmark, Finland, France, Germany, Italy, Japan, the Netherlands, Norway, Poland, Sweden, Switzerland, the United Kingdom, the United States and the European Union, the largest donor).