The Cabinet of Ministers has decided to increase the Naftogaz supervisory board to seven members. The board currently consists of five members, including three independent members and two state representatives. One new independent board member and one new state representative will be appointed. This is a move in the right direction. Please find below the link:
The Cabinet of Ministers has decided to increase the Naftogaz supervisory board to seven members.
Behavioral theory of corporate governance
For a CEO or any other reckless practitioner the wording “theory of corporate governance” sounds as their worst nightmare for they will immediately turn to phrase: “It’s not how it works on practice”.