(Read the full article on unian.ua)

Corporate governance at Naftogaz Ukrainy can be corrected by taking a number of steps. It is important that both the government and the international community realize the shortcomings of Naftogaz’s corporate governance and become more active.

This was written by the head of corporate governance of the Kyiv School of Economics Andriy Boitsun in an article published by the Atlantic Council, UNIAN reported.

Recent revelations of the opacity of extremely large bonuses have shed new light on the ambiguous steps taken by the Ukrainian authorities in April to temporarily suspend Naftogaz’s supervisory board and replace Andriy Kobolev as chairman of the board with Yuri Vitrenko. Critics now point to the bonus scandal as evidence that Naftogaz’s corporate governance has actually collapsed, with some arguing that shortcomings in the company’s corporate governance reform can be traced back to the appointment of a supervisory board in 2017 without the necessary transparency. the competitive and merit-based nomination process, “said Andriy Boitsun.