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.