This series of quarterly analytical reviews is prepared as part of the research project Assessing Control Architecture in State-Owned Energy Enterprises in Ukraine: Gaps in Corporate Governance Implementation. It focuses on the state-owned energy sector, where corporate governance, internal control and oversight mechanisms remain critically important both for the resilience of the sector itself and for the broader reform of public administration.
Newsletter No. 0 set out the legislative baseline: the trajectory of the reform, the regulatory acts adopted in 2024, the first pilot evaluations of supervisory boards, and the governance stress of late 2025. This Newsletter No. 1 moves from the baseline to the instruments themselves, and turns to how the State exercises ownership over the enterprises it owns and how control over them is organised.
Topic 01 follows the ownership function through the sequence of instruments the owner uses, from the rationale for state ownership to the evaluation of results, and examines whether they operate as a single system.
Topic 02 reviews the Methodological Recommendations on internal control adopted in April 2026, the first common methodology of its kind for Ukrainian state-owned enterprises.
Topic 03 turns to the Specimen Charter for fuel and energy companies, adopted in February 2026, and to what follows when three instruments of one regulatory package describe the same internal control system differently.
The publication was prepared with the financial support of the UK Agency for International Development under the project “Implementation of the National Energy and Climate Plan of Ukraine and establishment of the Green Transition Office” implemented by DIXI GROUP NGO. The contents of the publication are the sole responsibility of DIXI GROUP NGO and under no circumstances can be considered to reflect the position of the UK Agency for International Development.