Strategy Consultant, McKinsey & Company
It is great that INSEAD came to Kyiv and now we have an opportunity to get the same world-class education here, in Ukraine, so there is no need to go to Fontainebleau or Singapore.
CEO Intertop Ukraine
I am sure that UCGA Board Direction program will change the behavior and management of many companies in the Ukrainian market.
Managing Partner ERU
Classes like UCGA Board Direction are extremely important. They help you understand the challenges and issues of corporate governance at large.
Executive Director, Reforms Delivery Office, Cabinet of Ministers of Ukraine
In order to govern state-owned enterprises effectively, we need to understand the best global practices, how it is done abroad. UCGA provides you with the necessary knowledge, networking, understanding of the successes, we would like to achieve, and mistakes, we would avoid, when implementing corporate governance.
Owner & CEO, Biosphere Corporation
Any serious strategic and tactical faults are very painful to companies. To some extent, UCGA gives insurance and the possibility to take that experience or correctly implement it in the market.
Advisor to the Minister of Infrastructure of Ukraine
All state high-ranking employees need to take this course in order to understand why state-owned enterprises need a supervisory board.
Supervisory Board Member, PrivatBank
It is a unique program for Ukraine, unique in both what concerns the level of regular speakers and the level of invited speakers.
UCGA Board Member, FBN, RedHead Family Corporation
First, you need to understand what a board is, what it is for, and what function it performs. Then, when you understand that, you need to have an algorithm for how to implement this board in private business.
Vladislava Magaletskaya (Ex-Rutytska)
Vice-President, Sigma Bleyzer
UCGA Board Direction gives a broad understanding of what tasks and challenges international companies meet, what situations in corporate governance in different markets and in different industries can happen, and what approaches have been used to solve these problems.
Founder & CEO Nova Poshta
I saw real doers in UCGA audience. Therefore, I am truly confident that the knowledge and competencies they will receive during the Board Direction program - they will start applying them in business tomorrow. And this is exactly what Ukraine is lacking now - doers.
Managing Director, Financial Institutions, EBRD, UCGA Board Member
I’m impressed with the quality of the people attending this course, with the quality of attraction and the level of energy in the classes. I know that UCGA students are able to make a difference in business life in Ukraine, that’s why I invest in the future of Ukraine.
The INSEAD Corporate Governance Centre combines INSEAD’s institutional visibility and exceptional faculty in developing thought leadership and a global educational platform in the area of corporate governance. The centre’s mission is to develop world-class teaching content, promote latest research using innovative scholarly materials and enrich public discourse on corporate governance through forums, conferences, peer-to-peer exchange and expert-to-practitioner dialogue.
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Corporate governance remains a poorly understood but hotly debated topic in Ukrainian politics even during the quarantine. Few remember that back in 2014, we had not a single professional, independent supervisory board in any of Ukrainian state-owned companies. International financial audit by Big 4 was conveniently regarded as ‘unnecessary’ or ‘too expensive’, publishing financial statements was not mandatory (!),top managers were all appointed through political quotas and treated appointments to the jobs that paid USD 500 a month as a pinnacle of their political carriers. Illegal enrichment was widespread and commonly acceptable. That year cumulative loss of all SOEs in Ukraine reached USD 10bn. The record in the private sector wasn’t much better. Successful entrepreneurs, blinded by own success or pursuing fraudulent agenda, often used same excuses as politicians for not adjusting corporate governance standards in their companies after raising external capital. It wasn’t long until many publicly listed companies were ran into the ground, investors and creditors lost billions of USD and country’s reputation as an attractive place to invest was massively damaged.