Cabinet completes the composition of Naftogaz’s supervisory board. This completes the board, Naftogaz said. Marievich had already served as a state representative on Naftogaz’s supervisory board from June 26-Sept. 11, 2019 when his powers were terminated early.
Oschadbank and Ukreximbank had no supervisory boards for almost seven months. As we reported in December 2023 (see Issue 113), even though the Cabinet of Ministers appointed the new independent members of Ukreximbank’s supervisory board on May 30, the same ordinance appears to have blocked the board’s work. Under the ordinance, independent members serve for three years from the date on which all independent members officially assume their roles.
State Property Fund to liquidate over 1,200 loss-making SOEs. The assets that remain under the SPFU’s management are strategic enterprises and enterprises important for social policy, such as the operating and profitable prosthetic and orthopaedic producers or defense companies, the SPFU added. By the end of 2023, the SPFU plans to take over the management of about 1,200 more SOEs.
The Verkhovna Rada prefers an alternative bill on corporate governance of GTSOU over the government’s bill. On June 10, the Verkhovna Rada rejected Draft Law No. 9311 that would establish a one-off procedure for the merger of the Gas Transmission System Operator of Ukraine (GTSOU) and the Main Pipelines of Ukraine (MGU). This bill, proposed by the Cabinet of Ministers on May 19, was criticized for not meeting Ukraine’s commitments to the IMF.