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The Verkhovna Rada adopts the long-awaited law on the corporate governance of SOEs. Establishing the exclusive power of the SOE’s supervisory board to appoint and dismiss the CEO, even in SOEs owned or overseen by the Cabinet of Ministers (such as Naftogaz and Ukrzaliznytsia), and to approve the SOE’s strategic and financial plans. ....
Cabinet re-appoints Mishyn to Ukrzaliznytsia’s management. On Feb. 13, the Cabinet of Ministers re-appointed Anton Mishyn as a member of Ukrzaliznytsia’s executive board until March 31, 2025. As we wrote in Issue 84, on April 18, 2023, the Cabinet had appointed Mishyn as a new member of the company’s executive board for six months. ....
Editor’s Note: This is issue 116 of Ukrainian State-Owned Enterprises Weekly, covering events from Jan. 20-26, 2024. Ukreximbank’s new supervisory board elects its chair. On Jan. 22, Rostyslav Futalo was chosen as the board chair and Dominique Menu as the deputy chair. ....
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. ....