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Business statement regarding the situation with Naftogaz

30/ 04/ 2021
  This week it became known about the termination of the powers of the Supervisory Board of Naftogaz and the subsequent dismissal of the Chairman of the Board by a decision of the Cabinet of Ministers of Ukraine. It is worth noting that this decision came as a surprise to the business community. Thus, transparent, clear, and quality communication of all decisions and steps should be the basis of effective management, whether in public authorities or in state-owned enterprises. Moreover, respect for corporate governance, accountability, and independence is the guarantee that reforms are moving in the right direction. Meanwhile, society deserves to understand all the reasons behind the government decisions, and the subjects deserve to learn about such decisions being done, at least not from public statements. Besides, the business community is concerned that this situation may risk becoming a practice with regard to other state-owned enterprises. After all, the unpredictability of decisions sometimes has a strong impact on the further work of the business. Therefore, the business hopes for further open, constant, in-depth communications and expects that unpredictable steps that could undermine the existing system of corporate governance will not be made again. After all, we all have one goal - to create a civilized European country where the rules of the game are clear and transparent. So, it is worth continuing to work in this direction.   Be the first to learn about the latest EBA news with our Telegram-channel – EBAUkraine.

This week it became known about the termination of the powers of the Supervisory Board of Naftogaz and the subsequent dismissal of the Chairman of the Board by a decision of the Cabinet of Ministers of Ukraine.

It is worth noting that this decision came as a surprise to the business community.

Thus, transparent, clear, and quality communication of all decisions and steps should be the basis of effective management, whether in public authorities or in state-owned enterprises.

Moreover, respect for corporate governance, accountability, and independence is the guarantee that reforms are moving in the right direction.

Meanwhile, society deserves to understand all the reasons behind the government decisions, and the subjects deserve to learn about such decisions being done, at least not from public statements.

Besides, the business community is concerned that this situation may risk becoming a practice with regard to other state-owned enterprises. After all, the unpredictability of decisions sometimes has a strong impact on the further work of the business.

Therefore, the business hopes for further open, constant, in-depth communications and expects that unpredictable steps that could undermine the existing system of corporate governance will not be made again. After all, we all have one goal – to create a civilized European country where the rules of the game are clear and transparent. So, it is worth continuing to work in this direction.

 

Be the first to learn about the latest EBA news with our Telegram-channel EBAUkraine.

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