Ukraine has joined the OECD Principles of Corporate Governance
14 April 2026, 12:14
Ukraine has officially joined the OECD Principles of Corporate Governance.
This signifies that Ukraine’s system of state asset management is broadly aligned with key international corporate governance standards and continues their practical implementation. State-owned enterprises should operate under transparent rules, ensuring clear accountability and a strong focus on efficiency.
Joining the OECD Principles of Corporate Governance opens a new phase for Ukraine — the practical implementation of these standards in the operations of state-owned enterprises.
“We have been working towards this for the past five years,” said Oleksii Movchan, Deputy Chair of the Committee.
In their latest reviews, international experts from the OECD have highlighted Ukraine’s progress in implementing corporate governance standards. In particular, they note the adoption of the Law on Corporate Governance and the Law repealing the outdated Commercial Code, which provides for the transfer of state-owned and municipal enterprises to the jurisdiction of the Civil Code of Ukraine.
Oleksii Movchan noted that the achieved result became possible thanks to the joint efforts of the Committee on Economic Development, the Ministry of Economy, Environment and Agriculture of Ukraine, and the State Property Fund of Ukraine.
As a result, the necessary legislative framework for the implementation of corporate governance reform has been established.
“Together with the approved Ownership Policy, this finally creates a transparent governance structure, where management is accountable and the state acts as an effective owner,” Oleksii Movchan stated.
According to him, the establishment of an effective audit and internal control system is expected, which will make abuses impossible, as well as ensure genuine transparency and accountability in the management of state-owned companies. This includes the development of effective institutions, professional supervisory boards, and the introduction of practices that will function systematically and without exception.
Deputy Chair of the Committee, Oleksii Movchan, stated:
“Ukraine is now officially in the ‘top league’ of OECD corporate governance. This is a ‘green light’ confirming that our state property management system finally meets the highest international standards. One could say that we have received a ‘passport’ of a civilized country, where state-owned enterprises operate in the interests of the state budget.
We must build a real anti-corruption shield by implementing audit and internal control practices that make any manipulation within state-owned enterprises physically impossible.”
According to him, corporate management must remain максимально transparent and accountable to both society and investors.