The State Property Fund of Ukraine and the USAID "SACCI" discussed the results of the assessment of state asset management

The State Property Fund of Ukraine and the USAID project SACCI held a joint meeting to discuss the results of the corporate governance assessment at two state enterprises: the Odessa Portside Plant and the United Mining and Chemical Company.

Experts from the SACCI project presented the methodology and findings of the assessment to the State Property Fund team. The data obtained will be used to improve corporate governance and anti-corruption compliance at state-owned enterprises.

"Our task is to ensure effective management of state assets. Such instruments protect the rights of shareholders, create conditions for the work of an independent Supervisory Board,increase transparency and accountability of companies. All of this directly affects the value of assets and investor interest," highlight the Chairman of the Fund Vitaliy Koval.

The assessment methodology is based on international standards from the Organization for Economic Cooperation and Development (OECD), the Group of Twenty (G20), and the Basel Committee on Banking Supervision.

Reminder: In March 2023, the State Property Fund of Ukraine signed a memorandum of cooperation with the international technical assistance project USAID "Supporting Leading Organizations in Combating Corruption in Ukraine" (SACCI). Among its main objectives is increase transparency and accountability in the work of state-owned enterprises under the management of the State Property Fund of Ukraine.