The Supervisory Board of NPC Ukrenergo held an extraordinary meeting, which focused on reviewing the company’s internal control system, the effectiveness of anti-corruption tools, as well as compliance with requirements in the areas of tenders, procurement, and administrative procedures.
Following the results of detailed reports from the internal audit, risk management, and compliance departments, the Board adopted a number of decisions aimed at strengthening corporate governance. This was reported by the company’s press service. In particular, it was decided to create a committee of the supervisory board on ethics and corruption prevention, which should strengthen independent control over integrity issues at Ukrenergo. An anti-corruption plan was also approved – a structured roadmap for further steps to improve the quality of management, control and accountability.
The Chairman of the Supervisory Board, Jeppe Kofod, emphasized:
“The Supervisory Board acts independently and decisively, adhering to the highest standards of integrity. Today’s decisions reinforce our zero-tolerance approach to corruption and our commitment to full transparency and accountability.”
The company emphasized that maintaining Ukrenergo’s strong reputation is critical to supporting international financing, restructuring debt obligations, and maintaining the trust of partners at a time when Ukraine’s power system is operating under increased risks.
Separately, the Supervisory Board instructed management to introduce enhanced personal liability mechanisms for employees involved in procurement and tenders to ensure unconditional compliance with all regulations.
Ukrenergo stated its continued focus on aligning its activities with best international practices, including the OECD Principles of Corporate Governance. The company added that independent oversight, transparency, and a strong culture of integrity remain key factors in the long-term sustainability of the transmission system operator and its role in Ukraine’s European integration.
Previously, it was also reported that the government plans to update the management at key state-owned energy enterprises – Energoatom, Naftogaz, and Ukrenergo. According to Prime Minister Yulia Svyrydenko, the main task is to restart management by forming a new composition of supervisory boards in all state-owned energy companies.
