Business news from Ukraine

The Cabinet of Ministers of Ukraine has chosen 3 companies for the selection of applicants for the positions of members of the Supervisory Boards of state-owned banks

1 October , 2022  

Based on the results of the competition, the Cabinet of Ministers selected Ward Howel Ukraine, Executive Search Ukraine and Pedersen & Partners to select applicants for the positions of members of the supervisory boards of the state-owned Oschadbank, PrivatBank and Ukreximbank (all from Kyiv), respectively.

According to a posting on the Cabinet’s website, the government also determined the terms of payment for the services of companies and the contract for the provision of these services.

It is indicated that the competitive selection was carried out by a commission created by the Ministry of Finance from among its employees, as well as representatives of international organizations involved with an advisory vote.

According to the law “on banks”, the Supervisory Board of the State Bank should consist of nine members, six of whom should be independent, and three – one representative of the president, the Cabinet of Ministers and the Verkhovna Rada.

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