17:12 25.05.2016

Naftogaz supervisory council to hold meeting in two weeks - Kovaliv

1 min read
Naftogaz supervisory council to hold meeting in two weeks - Kovaliv

The supervisory board of Naftogaz Ukrainy will hold the second meeting in two weeks, head of the supervisory board Yulia Kovaliv has told Interfax-Ukraine.

"The meeting will be in two weeks, the agenda is now being formed," she said.

As reported, the supervisory board of Naftogaz Ukrainy at the first meeting on May 12 considered personnel and procedural issues: First Deputy Minister of Economic Development and Trade Yulia Kovaliv headed the holding body.

The government began the corporate governance reform in Naftogaz Ukrainy in 2015 according to OECD guidelines. The economic ministry hired Odgers Berndtson recruitment agency to select candidates for post of independent members of the Naftogaz supervisory board.

In late March, the names of independent members of the Naftogaz supervisory board became known. These are persons having considerable experience of work at international oil and gas companies, namely British citizens Marcus Richards, Charles Proctor and Paul Warwick.

First Deputy Minister of Economic Development and Trade Yulia Kovaliv entered the authority from the Cabinet of Ministers, while former Energy and Coal Industry Minister Volodymyr Demchyshyn from the presidential administration.

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