Prime Minister of Ukraine Denys Shmyhal held a meeting with members of the Nomination Committee to continue implementing corporate governance reform in Ukraine. The meeting was also attended by First Deputy Prime Minister of Ukraine - Minister of Economy Oleksii Liubchenko, Minister of Finance of Ukraine Serhii Marchenko and Deputy Head of the Office of the Presiden of Ukraine Yulia Svyrydenko.

The sides discussed the resumption of the Nomination Committee, the improvement of the procedures for selecting managers and members of the supervisory boards of state-owned enterprises (SOEs)  and amendments to the legislation on corporate governance of state-owned legal entities.

The Prime Minister stressed the need to shortly resume the work of the Nomination Committee. The PM informed that the Government had expanded the composition of the Committee by including a post for a representative of the European Union.

"Such an agreement was reached with the Ambassadors of the G7. Therefore, we expect a representative from the European Union who could join the work of the Committee and improve the quality of selection of candidates for supervisory boards," Denys Shmyhal underlined.

Moreover, the Head of Government commended that an agreement had been reached on the resumption of the work of the members of the Supervisory Board of Naftogaz, and finalization of the relevant agreements will be completed soon. Denys Shmyhal aired a proposal to the members of the Nomination Committee to shape a roadmap for further corporate governance reform in Ukraine.

"We expect to hold a meeting of the Committee already in the first half of June, at which will consider the appointment of members of the supervisory boards of key Ukrainian SOEs," said the Prime Minister.

Denys Shmyhal also presented for discussion a roadmap of priority steps to crystallize corporate governance reform and increase their efficiency.

"Ukraine sees corporate governance reform as an effective  tool for improving the performance of strategically important SOEs. We are committed to implement this model in the future so that companies can develop and be efficient," the Prime Minister underscored.

Denys Shmyhal gave instructions to the First Deputy Prime Minister – Minister of Economy to hold the next meeting with the members of the Nomination Committee to approve its plan of activities.