The State Property Fund of Ukraine has prepared a translation of the OECD report on corporate governance and the implementation of anti-corruption measures in the public sector of the Ukrainian economy
As previously reported, representatives of the corporate block of the State Property Fund of Ukraine, chaired by the Deputy Chairman of the Fund Volodymyr Derzhavin, took part in the work of the government delegation during the plenary meetings of the anti-corruption network for the countries of Eastern Europe and Central Asia - the OECD Forum 2018 from July 2 to 6 in Paris, in the framework of the fourth round of Monitoring the progress of Ukraine's implementation of the Anti-Corruption Recommendations in accordance with the Istanbul Anti-Corruption Action Plan.
The fourth round of monitoring includes one innovation: in-depth study of a particular sector with high risk of corruption. The member states of the anticorruption network have agreed that an in-depth assessment of the chosen sector will examine the practical application of anti-corruption policies, as well as preventing and implementing measures in this sector.
As a result of the discussion, a number of significant amendments were included to the final version of the report and the relevant recommendations for Ukraine, and also proposals were agreed to the main text of the report, which contributed to a more objective reflection of the state of corporate governance of enterprises in the state sector of the economy and the implementation of a complex of anti-corruption measures.
An in-depth study of corporate governance and the implementation of a complex of anti-corruption measures by the economy state sector subjects concerned such companies as NJSC "Naftogaz of Ukraine", State Enterprise NJSC "Ukrenergo", JSC "Turboatom" and JSC "Khmelnytskoblenergo".
Compliance with the recommendations of the report will facilitate the implementation of rules and procedures that are in line with best international practices and ensure the protection of the rights of the owner, the availability of effective management bodies, a clear division of powers, the functioning of the internal control system, elimination of political influence and the creation of a level playing field with commercial companies on the market, which meets the Principles of Corporate Governance of the Organization for Economic Cooperation and Development (OECD).
Thefinal version of the reportis available by the link:
* The non-official translation of the report will be subject to editorial and technical amendments. If there are proposals to achieve the maximum authenticity of the translation text, please contact the Department of State Enterprise Management and Corporate Rights of the State.