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The Verkhovna Rada adopts the long-awaited law on the corporate governance of SOEs. Establishing the exclusive power of the SOE’s supervisory board to appoint and dismiss the CEO, even in SOEs owned or overseen by the Cabinet of Ministers (such as Naftogaz and Ukrzaliznytsia), and to approve the SOE’s strategic and financial plans.
Law No. 3293-IX was known earlier as Draft Law No. 9311-1-d. This is most likely because it has not yet been published in one of the official gazettes: Ofitsiyny visnyk Ukrayiny, Uryadovy kuryer, Holos Ukrayiny, or Vidomosti Verkhovnoyi Rady. After being appropriately adopted and signed, laws of Ukraine must be promulgated in the official language in official printed gazettes within fifteen days, according to a relevant Presidential Decree.
Ukroboronprom officially transformed into a joint-stock company called Ukrainian Defense Industry. On June 28, Minister for Strategic Industries Oleksandr Kamyshin reported that the State Concern Ukroboronprom has been dissolved and replaced by a joint-stock company called Ukrainian Defense Industry (UDI). After that, the supervisory board would be formed according to OECD standards.