December 27, Vice Prime Minister of Ukraine Volodymyr Kistion chaired a regular meeting of the working group on
acceleration of a corporate governance reform of the NJSC Naftogaz of Ukraine.
During the event, the main provisions of the draft law on the improvement
of corporate governance entities, the shareholder (founder, participant) of
which is the state, were discussed.
The bill is intended to clarify the provisions of the existing
legislation, to insulate company from political meddling and graft, to expand
the powers of the supervisory board and in general, to ensure the
implementation of the world's best corporate governance practices.
A working sub- group led by State Secretary of the Ministry of Economic
Development and Trade of Ukraine Olexii Perevezentsev was assigned to finalize the project for
further harmonization of the final version of the document with central
executive authorities until January 6.
In addition, it is worth noting that during the meeting a detailed
action plan on corporate governance of the National Joint
Stock Company Naftogaz of Ukraine has been approved.