On October 3, 2024, an online presentation of the new edition of the “Supervisory Board Self-Assessment: A Practical Guide” was organized by the Corporate Governance Professional Association (CGPA) with the support of the IFC’s Promoting Investment through Integrated Environmental, Social and Governance Standards in Europe and Central Asia Programme, implemented in partnership with the Swiss State Secretariat for Economic Affairs (SECO). The aim of the Programme is to encourage and assist companies in adopting best corporate governance practices, thereby enhancing their ability to attract sustainable investment.

The event brought together more than 80 participants, including members of supervisory boards, corporate secretaries, top managers, shareholders and corporate governance experts.

The presentation aroused great interest and received positive feedback from the participants. The speakers of the event – Oleksandr Okuniev, author of the publication and Chairman of the CGPA Board of Directors, and Yulia Kholodkova, IFC ESG expert – spoke about the main types of supervisory board assessment, board performance criteria, and the importance of self-assessment for building trust among shareholders and other stakeholders.

Yulia Kholodkova welcomed the participants and emphasized the importance and timeliness of such a serious publication for Ukraine’s corporate sector. The International Finance Corporation is a long-term partner of the CGPA and is always happy to support the initiatives of the Association’s team headed by Oleksandr Okuniev, Chairman of the CGPA Board of Directors.

Particular attention was paid to the 360-degree methodology, which allows a wider range of stakeholders to be involved in the assessment process and practical recommendations for implementing the assessment results in the company’s activities.

The publication “Supervisory Board Self-Assessment: A Practical Guide” was developed to provide companies with a clear methodology and tools for conducting an objective assessment of supervisory boards’ activities. This will help increase the transparency and efficiency of corporate governance.

Participants noted the event’s practical value and the recommendations’ content, which they can apply in their work.

The guide is available at the link : https://cgpa.com.ua/wp-content/uploads/2024/10/Samootsinka-naglyadovoyi-rady-praktychne-kerivnytstvo.pdf

The recording of the event is available at the link: https://youtu.be/7VHyMwVyMOo