New Governance Standards: Government Sets Clear Remuneration Rules for SOE CEOs

The Cabinet of Ministers of Ukraine has approved a new state property policy aimed at improving the management of state assets and creating conditions for attracting investment. This step is an important step towards modernizing corporate governance in the public sector.

According to a statement from the press service of the Ministry of Economy, the adopted document is the basis for implementing the provisions of Law No. 3587-IX, which is aimed at improving corporate governance. The policy takes into account the recommendations of the Organization for Economic Cooperation and Development (OECD), which ensures its compliance with international standards.

First Deputy Prime Minister and Minister of Economy of Ukraine Yulia Svyrydenko noted that the new policy clearly defines the role of the state in the management of state-owned companies. The document classifies enterprises by strategic importance, outlines their tasks and introduces high standards of corporate governance.

One of the innovations is the introduction of a transparent remuneration system for managers and members of the supervisory boards of state-owned companies. As Svyrydenko emphasized, these mechanisms will help increase the efficiency of state asset management. In addition, the government has for the first time approved a clear dividend policy, which will increase the financial stability of the public sector.

The introduction of new corporate governance standards involves increasing transparency and accountability in the activities of state-owned enterprises. This, in turn, is designed to strengthen investor confidence and promote capital attraction into the Ukrainian economy.

The new state property policy is another step towards creating an effective and competitive model of state asset management. It will not only optimize the use of resources, but also ensure their contribution to the sustainable economic development of Ukraine.