The Committee on Economic Policy recommends that the Parliament should adopt as a basis the draft law on amendments to several legislative acts of Ukraine re refining the activity of joint stock companies

Information Department of the Verkhovna Rada of Ukraine Secretariat
19 April 2013, 16:21

The bill (Reg. No. 2037) suggests amending the Economic and Civil Codes, the laws “On Joint Stock Companies”, “On Securities and Stock Market" and several others aimed at further refinement of corporate governance in the joint stock companies, increasing protection of shareholders’ rights and adapting national legislation to the directives of the European Union. 

Besides, in order to simplify the procedure and reduce time expenditures during private placement of shares, the bill suggests introduce mechanism restricting the priority right of shareholders to purchase additional shares in case the general meeting of shareholders takes the decision to deny use of the priority right.