09

September

2015

Draft Law No. 3062 “On Amending Certain Legislative Acts of Ukraine Concerning Management of State and Municipal Property Objects” Registered in Parliament

This draft law is aimed at introducing corporate governance in state and municipal enterprises in line with the OECD standards, increasing the effectiveness of management of these economic entities, and eliminating political interference in their adoption of managerial decisions. In particular, the introduction of board of trustees for such enterprises is being proposed (including appointing independent members to these boards), as is the conduct of audits of such enterprises’ financial reports.

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