Corporate governance: exchange of experience, challenges and solutions during wartime

admin December 12, 2023
Press service of Ukrhydroenergo

The IV International Forum of Corporate Directors took place in Kyiv recently, serving as a platform for discussion and professional exchange on corporate governance issues. The Professional Association of Corporate Governance organized the event.

IV International Forum of Corporate Directors

Iryna Kravchenko, Deputy Head of the European Bank for Reconstruction and Development (EBRD) in Ukraine, commented at the opening of the Forum: "I am delighted to be back in Ukraine and to be able to assist during these difficult times. Corporate governance is extremely important right now. This event signals that Ukraine is committed to reforms and creating an attractive investment climate."

Elena Voloshina, head of the IFC Representation in Ukraine, noted during her speech: "These are challenging times with new challenges. In such moments, business owners want to take the helm themselves and question the need for a supervisory board. But I am confident that now is the time to have reliable friends and a fresh perspective on business activities."

Anna Lebedinets, Associate Director at the EBRD, remarked: "Our clients are at various stages of corporate governance development. We want to understand where the decision-making centre is, encourage companies to use best practices, hire external consultants, and advise on improving governance. But breaking what works is not our method."

The forum also discussed the best cases of effective activity of supervisory boards in Ukrainian companies, examples, and real experience in building corporate governance systems, internal audit, risk management, and compliance by Ukrainian companies.

Oleg Terletskyi, a supervisory board member, Yulia Tolchinina-Burunska, corporate secretary, and other specialists from Ukrhydroenergo participated in the forum. They exchanged experiences with leading experts and professionals in corporate governance from Ukraine and abroad, members of supervisory boards, executives, owners, and heads of Ukrainian and foreign companies.