Photo from UNIAN
The competitive selection to the banks' supervisory boards will run from April 5 to May 10 inclusive.
Ukraine's Finance Minister Oksana Markarova says the ministry will form independent supervisory boards in the state-owned Oschadbank, Ukreximbank and PrivatBank until the end of May.
"After May, we will have supervisory boards in all state-run banks in line with the new standards of corporate governance," she said on April 18 during a discussion at VoxUkraine (an independent analytical platform) on the risks of Ukraine's state budget for 2020.
The competitive selection to the banks' supervisory boards will run from April 5 to May 10 inclusive.
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As UNIAN reported earlier, to participate in the competition, the applicants must submit documents to the relevant companies: Oschadbank – to Pedersen & Partners, Ukreximbank – to Ward Howell Ukraine, and PrivatBank – to Talent Advisors.
UNIAN memo. According to the new law on corporate governance in state banks, the Supervisory Board of each financial institution will consist of nine members, of whom six shall be independent, and three – state representatives from the Cabinet of Ministers, the Presidential Administration, and the Verkhovna Rada.
The memorandum with the International Monetary Fund on the new program for Ukraine in the amount of $3.9 billion provides for the appointment of independent supervisory boards in state-owned banks until the end of March 2019.