Ukrhydroenergo’s Supervisory Board demonstrates leadership in implementing corporate reform
Today, the Supervisory Board of Ukrhydroenergo held a meeting to discuss strategically important issues related to implementing the new provisions of Law of Ukraine No. 3587-IX on corporate governance.
For the first time, the budget process for 2025 is being carried out by the new legislative provisions, according to which financial and strategic plans are now approved directly by the Supervisory Board, not the shareholder.
The meeting reviewed certain financial indicators for 2025, including profitability, liquidity and the amount of payments to the state. These indicators will form the basis for further consultations with the Ministry of Economy and will be considered when preparing the owner’s letter of expectations. This will allow the Supervisory Board to effectively monitor the implementation of the company’s short- and medium-term goals.
“We continue to implement new requirements of corporate reform, which makes it possible to strengthen the role of supervisory boards in the management of state-owned enterprises. Our work is aimed at timely planning and ensuring the company’s sustainable development in 2025. Ukrhydroenergo has already adapted its charter to the new norms, which will be an important precedent for other state-owned enterprises in the process of preparing their documents,” said Valentyn Gvozdiy, Chairman of the Supervisory Board of Ukrhydroenergo.
The meeting also included meetings of the Strategy and Sustainability and Audit Committees. The participants discussed the key indicators and priorities of the company’s activities for 2025, which will be an important step towards enhancing management efficiency and increasing the resilience of the energy infrastructure under martial law.
Ukrhydroenergo continues to work on implementing corporate governance reform, remaining a reliable partner of the state in ensuring a stable energy supply and development of the country’s critical infrastructure.
