The Bill (Reg. No. 5310) states that a sitting of the Supervisory Board of a State bank is valid provided "at least a half of the members are present." According to the effective norm, a sitting is valid, provided "at least ten members are present."
The Committee members stated that adoption of Bill is caused by "the necessity to prevent disruption of the Supervisory Boards sittings of the State banks due to the non-attendance of its members nominated by the Verkhovna Rada, the President of Ukraine or the Cabinet of Ministers of Ukraine or in case of groundless termination of Supervisory Boards members authorities."
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