10:11 20.08.2013

Corporate governance in Ukrainian companies as one of key factors for investors

5 min read
Doing business in Ukraine is not easy, but investing is much more risky. Investors pay more attention not only on financial results, but on investments protection and forms of protection. Informational openness of company, history of corporate governance and transparent effective system of corporate governance till entry on capital markets reduce investment risks, what makes company more interesting for investor. For discussion of practical part, international and Ukrainian experience of creation of effective system of corporate governance will be held annual conference "Corporate Governance and Sustainable Business Development" on October 1 in Kyiv. "Civilized corporate governance is a key for increasing of investors’ interest to Ukrainian enterprises and stock market. Experience exchanging with market leaders and foreign colleagues will help to popularize modern approaches to corporate governance among Ukrainian companies. Lack of transparency in deals with investors and stockholders, shortage of trust prevent investments obtaining; using of best practices of corporate governance helps Ukrainian companies to solve this problem," said Mykola Stetsenko, Managing Partner at Avellum Partners. Representatives of stock exchange about actuality and importance of topic: "Corporate governance in company – it’s high culture of making business, form of respect on all levels of activity of enterprise to all, directly or partially involved in company’s activity: government, business community, clients and citizens. For modern leading business corporate governance is not a myth anymore, this became reality. Meaning of this question hard to overestimate, this topic is important to talk about more loud and distinctly," said Andriy Dubetsky, Executive Director at Warsaw Stock Exchange, Representative Office in Kyiv. During the conference will be held panel discussions: • conditions of making business and it’s protection in Ukraine; • system of corporate governance: instruments for value increasing, investments obtaining and providing of long-term stability of the company; • relations between company and investors: practice of agreement of interests and value creation. Except it, during event will be held master class of Dmitry Ditchkovsky, CEO, JSC Milavitsa (Silvano Fashion Group) - "Experience of transformation of private business to public company: activity of company and Board of Directors after IPO". Conference organizers: Ukrainian Institute of Corporate Management and International Finance Corporation. Co-organizer - Professional Association of Corporate Governance. General sponsor - Baker Tilly. Exchange sponsor - Warsaw Stock Exchange. Banking sponsor - Raiffeisen Bank Aval. Legal sponsor – Avellum Partners. Official event – provider – Event Envoy. Detailed information and registration on web pages: ucgi.com.ua www.eventenvoy.com.ua or by tel. +38 044 2212635. Reference Ukrainian Institute of Corporate Management was created by Professional association of corporate management in September 2012 as institute of association that provides realization of key standing orders purposes of Association and created to become leading educational, science and consulting organization in sphere of corporate management and business strategy. International Finance Corporation (IFC) is a member of group of World Bank, global institute of development that focused activity on private sector. We support stable economic growth of countries in process of development, financing investments, mobilizing private capital on international financial markets and providing consulting services to companies and representative offices. Baker Tilly is a member of the international network Baker Tilly International, an independent Ukrainian company, which provides services in the following fields: audit, tax, and business consulting, independent valuation, accounting. Company has been operating on the Ukrainian market since 1999 and today is one of the largest audit firms in Ukraine, with the staff of more than 200 professionals and offices in Kiev, Donetsk and Odesa regions. The European Bank for Reconstruction and Development (EBRD) included Baker Tilly to its list of companies, recommended for providing professional audit and consulting services. Baker Tilly is registered in PCAOB (Public Company Accounting Oversight Board), a private nonprofit organization that controls the quality of auditing services provided to public companies. The Warsaw Stock Exchange is the largest national financial instruments exchange in the region of Central and Eastern Europe and one of the fastest-growing exchanges in Europe, one of the best recognizable financial institutions in the world. The WSE Group offers a wide range of products and services within financial and commodity markets, as well as clearing of transactions, operation of the register of Certificates of Origin of electricity and sale of market data. JSC Raiffeisen Bank Aval was registered on March 27, 1992 (till September 25, 2006, Stock post-pension bank Aval). From October 2005 bank became part of banking holding group Raiffeisen International Bank Holding Aval AG, Austria (from October 2010, Raiffeisen Bank International AG). Avellum Partners is one of the leading full-service law firms in Ukraine with key strength in corporate finance and disputes. We help foreign and Ukrainian investors to close complicated transactions successfully and promptly. We reach this goal using the most advanced Western methods and practices supported by our broad experience in Ukraine and our everyday practice. Event Envoy Company is a specialized agency for organization and management of events of different scale. Many years of experience of the team combined with innovative approach, continuous improvement of techniques and technologies of event management - the three pillars on which we base our work. Main news media partner –Interfax-Ukraine
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