Draft bill №0961
The Verkhovna Rada of Ukraine has adopted the law On Changes to Law of Ukraine on banks and banking (as regards specificity of corporate governance in banks), according to the information made available on the website of the Verkhovna Rada.
The legislative enactment sets out efficient mechanisms for managing risks, specifies particulars of corporate governance system for banks through distributing duties, roles and delegating authorities to managerial bodies, oversight of banks in view of international best practices of corporate governance; raising the responsibility of managerial staff for overall performance, etc.
The draft bill has been registered under №0961.
