Skip to content Skip to sidebar Skip to footer

On Amendments to the Procedures Approved by the Resolutions of the Cabinet of Ministers of Ukraine dated February 13, 2019 No. 159 and March 27, 2019 No. 267

The essence of the changes lies in expanding opportunities for selecting independent members of supervisory boards of state-owned banks. Now, candidates who were nominated for a position in one state bank can be considered as candidates for another state bank without undergoing a repeated selection procedure.

Structurally, the resolution amends two procedures:
1. Procedure for Competitive Selection of a Personnel Recruitment Company (No. 159)
2. Procedure for Determining Candidates for Positions of Independent Members of a State Bank’s Supervisory Board (No. 267)

Key innovations:
– The competition commission gains the right to consider candidates selected for one state bank as potential members of the supervisory board of another state bank
– A mandatory condition for such a “cross-review” is the candidate’s compliance with the profile of the vacant position in another bank
– This simplifies the procedure for forming supervisory boards and allows for more efficient use of the pool of qualified candidates who have already passed the initial selection

Full text by link

Leave a comment

E-mail
Password
Confirm Password
Lexcovery
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.