The Government's decision on the establishment and
functioning of independent supervisory boards in the state-owned companies will
lead to the fact that each important public enterprise will be successful,
open, transparent, clear and will ensure its beneficial impact on the domestic
economy, Prime Minister of Ukraine Volodymyr Groysman said while considering a
series of decisions on reform of corporate governance of state-owned enterprises
at the Cabinet’s session on
Commenting on the presentation of the legislative package by
First Deputy Minister of Economic Development and Trade of Ukraine Yulia Kovaliv, the Prime Minister
stressed that net losses from state-owned enterprises in 2015 had amounted up to
UAH 64 billion.
“The sum worth UAH 64 billion is at stake. Can you imagine
only in 2015 the situation began to change. And the
result for the previous decades is billions of losses to the State budget, unpaid
wages, unpaid pensions, new planes, ships, factories bought at these funds and
Volodymyr Groysman stressed that such supervisory boards in
state-owned enterprises would facilitate curbing corruption.
"The setting up of supervisory boards will
entail reducing losses and return to the profitability to fill the State budget,"
the PM stressed.