Cabinet moves to terminate powers of supervisory boards of six energy companies

The government has launched proceedings to prematurely terminate the mandates of several supervisory boards of state energy companies; new members are expected to be elected by the end of December. Prime Minister Yuliia Svyrydenko has also ordered an overhaul of the boards in the defense sector.

165
Share:

The Cabinet of Ministers has initiated the urgent termination of the powers of a significant portion of the supervisory boards of key state energy enterprises.

List of energy companies

This concerns the following entities:

  1. LLC "Operator of the Gas Transmission System of Ukraine";
  2. PJSC "Centrenergo";
  3. JSC "Ukrainian Distribution Networks";
  4. JSC "Energy Company of Ukraine";
  5. JSC "Market Operator";
  6. JSC "Ukrainian Energy Machines".

The Cabinet approved a transparent procedure for selecting candidates to the supervisory boards. New members of the supervisory boards of the listed companies should be elected by the end of December

– Yuliia Svyrydenko, Prime Minister

Government decision and previous steps

In addition, the government instructed Defense Minister Denys Shmyhal to overhaul the supervisory boards at defense-sector enterprises.

  • On November 11, after a corruption scandal, the Cabinet prematurely terminated the powers of the supervisory board of Energoatom.
  • On November 18, the government decided to announce a competition for the positions of members of the supervisory board of NJSC "Naftogaz of Ukraine".

World news