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Vasil Kisil & Partners Advise Nibulon on Corporate Governance Enhancement

09/ 11/ 2023
  Nibulon, Ukraines leading grain exporter, is revamping its corporate governance practices to ensure sustainable business management. The changes include a shift to a one-tier governance structure, the introduction of a Board of Directors with committees, and a number of internal policies. Vasil Kisil & Partners team has helped the company to efficiently allocate competence among the companys governing bodies, with due regard to the specifics of Nibulons business. Based on an approved authority matrix, Vasil Kisil & Partners lawyers have prepared the following key documents to implement the one-tier governance structure: Articles of Association, Regulations on the Board of Directors and four committees within the latter, agreements with executive and non-executive members of the Board of Directors. Anna Lazurenko, Nibulons Director of Legal Affairs, comments on the project: A clear understanding of the goals of the changes, expertise and an unbiased view on the companys internal situation are essential to a comprehensive transformation. We are thankful to Vasil Kisil & Partners for an open professional discussion and their willingness to stand up for the positions in the interests of the company. Vasil Kisil & Partners expertise and business-oriented approach significantly help the project. I want to thank the EBRD specifically for supporting Nibulon in this important project. Welcoming the implementation of good governance practices, Volodymyr Igonin, Partner at Vasil Kisil & Partners, said, It is not easy to make changes in a fully-grown company established yet in 1991. Nibulon has a glorious history. I am sure that Nibulon will benefit from modern corporate governance aligned with the best standards. During our cooperation, we have seen how all Nibulon team members feel for the company and strive to pursue its successful path as one of the first companies in independent Ukraine. We are happy to contribute to this. Volodymyr Igonin, Partner and Head of Corporate practice area, leads project team. The team also included Valeriya Bezpala, Partner and Head of Labour and Employment, Senior Associate Artem Shmatov and Associates Olha Lynnyk, Oleksii Ozvynchuk and Marko Holovach. ### For more details please contact Olga Shevchenko, PR Manager Tel.: +380 67 358 47 82 E-mail: [email protected] About the Firm Established in 1992, Vasil Kisil & Partners is a Ukrainian law firm that delivers integrated legal advice in banking & finance, mergers & acquisitions, capital markets, antitrust, competition and trade, dispute resolution, public advocacy, tax law, energy and natural resources law, intellectual property law, labor and employment law, real estate and construction law, as well as PPP, concessions and infrastructure law. Vasil Kisil & Partners is a member and exclusively represents Ukraine in such international professional associations as TerraLex (160 law firms in 100 countries), Cathay Associates (40 high-profile law firms with over 500 headcount worldwide in 43 major cities and countries across Europe and Asia) and Ius Laboris (1700 labor and employment lawyers in 50 countries). Andriy Stelmashchuk is a managing partner of Vasil Kisil & Partners law firm.

Nibulon, Ukraine’s leading grain exporter, is revamping its corporate governance practices to ensure sustainable business management. The changes include a shift to a one-tier governance structure, the introduction of a Board of Directors with committees, and a number of internal policies.

Vasil Kisil & Partners’ team has helped the company to efficiently allocate competence among the company’s governing bodies, with due regard to the specifics of Nibulon’s business. Based on an approved authority matrix, Vasil Kisil & Partners’ lawyers have prepared the following key documents to implement the one-tier governance structure: Articles of Association, Regulations on the Board of Directors and four committees within the latter, agreements with executive and non-executive members of the Board of Directors.

Anna Lazurenko, Nibulon’s Director of Legal Affairs, comments on the project: “A clear understanding of the goals of the changes, expertise and an unbiased view on the company’s internal situation are essential to a comprehensive transformation. We are thankful to Vasil Kisil & Partners for an open professional discussion and their willingness to stand up for the positions in the interests of the company. Vasil Kisil & Partners’ expertise and business-oriented approach significantly help the project. I want to thank the EBRD specifically for supporting Nibulon in this important project.”

Welcoming the implementation of good governance practices, Volodymyr Igonin, Partner at Vasil Kisil & Partners, said, “It is not easy to make changes in a “fully-grown” company established yet in 1991. Nibulon has a glorious history. I am sure that Nibulon will benefit from modern corporate governance aligned with the best standards. During our cooperation, we have seen how all Nibulon team members feel for the company and strive to pursue its successful path as one of the first companies in independent Ukraine. We are happy to contribute to this.”

Volodymyr Igonin, Partner and Head of Corporate practice area, leads project team. The team also included Valeriya Bezpala, Partner and Head of Labour and Employment, Senior Associate Artem Shmatov and Associates Olha Lynnyk, Oleksii Ozvynchuk and Marko Holovach.

###

For more details please contact Olga Shevchenko, PR Manager
Tel.: +380 67 358 47 82

E-mail: [email protected]

About the Firm

Established in 1992, Vasil Kisil & Partners is a Ukrainian law firm that delivers integrated legal advice in banking & finance, mergers & acquisitions, capital markets, antitrust, competition and trade, dispute resolution, public advocacy, tax law, energy and natural resources law, intellectual property law, labor and employment law, real estate and construction law, as well as PPP, concessions and infrastructure law. Vasil Kisil & Partners is a member and exclusively represents Ukraine in such international professional associations as TerraLex (160 law firms in 100 countries), Cathay Associates (40 high-profile law firms with over 500 headcount worldwide in 43 major cities and countries across Europe and Asia) and Ius Laboris (1700 labor and employment lawyers in 50 countries). Andriy Stelmashchuk is a managing partner of Vasil Kisil & Partners law firm.

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