Evris together with Independent Association of Banks of Ukraine held a roundtable regarding the issue of governance in banks under the newly created conditions in Ukrainian legislation.

To light up the issue from various angles Evris invited experts from the National Bank of Ukraine, National Securities and Stock Market Commission, as well as representative of EY.

During the discussion, Kateryna Breduliak and Anna Kremnova, senior associates at Evris, shared the analysis of the law No. 2210-VIII and their vision of the organization and holding of annual shareholders’ meeting, the rules of disclosure by issuers, told about the formation of the bank’s bodies, and drew attention to the new regulation of joint stock companies, both public and private.

The participants of the event also drew attention to the fact that banks will be subject to disclosure and corporate governance requirements, as to public companies, regardless of the type they choose, because banks have a significant public interest.

For the continuation of the round table on governance in banks,Evris lawyers developed a series of documents that provide answers to the most common and complex questions that participants of the event had in relation with the implementation of the provisions of Law No. 2210-VIII.

In particular, a presentation with recommendations on the agenda of annual meetings-2018 was prepared, as well as a number of proposals for the content of the remuneration rules of the members of the Supervisory Board (which is mandatory for approval by the PAO and banks and the requirements of which have not yet been developed by the regulator). These useful materials will help  owners and managers of banks to decide on the appropriateness of making a decision to change the type of bank from public to private joint stock company.

These documents and presentations of Evris team can be found here – https://goo.gl/UyNZiQ