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Cabinet approves procedure for independent state-company boards
Journal Staff Report

KIEV, March 10 - The Cabinet of Ministers at a meeting on March 10 approved the procedure for the establishment and functioning of independent supervisory boards in state companies developed by the Ministry of Economic Development and Trade.

According to a ministry statement, the documents make it possible to create independent supervisory councils that will formulate the strategy for the development of state companies, appoint management, evaluate its work and choose an independent auditor to conduct checks. The possibility of political interference in the work of state enterprises is almost leveled, while corruption risks are significantly reduced.




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