Ecd Guidelines News Today

The long-awaited law on the corporate governance of SOEs comes into effect. “This is a critical step to ensure that state-owned enterprises operate in line with OECD principles, reducing opportunities for corruption and ensuring accountability of CEOs by supervisory boards selected according to international standards,” G7 ambassadors responded.

Cabinet approves Ukraine’s action plan to implement OECD’s program for Ukraine. The action plan matches the projects stated in the four-year Country Program launched by OECD and the Government of Ukraine on June 7. Policies to improve the financial market and corporate governance in 2024-2025 will be reviewed.

The state wants to take away Naftogaz’s right to decide on its subsidiaries’ dividends. The draft law on the 2024 state budget (Draft Law No. 10000) proposes that entities in which 50 percent or more of shares are owned by Naftogaz must pay their 2023 dividends directly to the state budget. Naftogaz is carved out individually in this draft law, which is considered to be a poor practice.

The OECD Secretariat to assess a key draft law regarding the corporate governance of SOEs. On Aug. 10, lawmaker Dmytro Natalukha of President Volodymyr Zelensky's ruling Servant of the People Party and chair of the Economic Development Committee of the Verkhovna Rada, announced that the Organization for Economic Cooperation and Development (OECD) Secretariat will offer its opinion on Draft Law No. 5593-d. Draft Law No. 5593-d is aimed at significantly improving corporate governance of SOE...

Environmental and human rights groups lodge complaint

Northern District of California denied Kaiser Permanente’s motion to dismiss the government’s complaint in United States ex rel. Osinek v. Permanente Medical Group, Inc., and the court is allowing the government leave to amend any short-fallings within its complaint.