logo
uk

Ukrnafta cannot be saved without transparency

 

The new management of Ukrnafta has to demonstrate new standards of transparency, for example to publish an employment contract of a new Chairperson of the Board. Such opinion was expressed by Roman Nitsovych, an expert of the DiXi Group Think Tank. 

“The situation when signing the contract with a new Chairperson of the Board of Ukrnafta depends on a talk with the Prime Minister is not normal. Especially against the background of the scandal with ‘incentives’ received by his predecessor from minority shareholders, in order to protect their interests of course.

 

Any backstage arrangements have to pass into history. If the new management of Ukrnafta actually wants to show a new quality of management, it has to start with itself. For example, Mr. Rollins may voluntarily disclose his employment contract, without waiting for the time when media will get its scan copy.

 

Moreover, there is nothing to hide. Most of the confidential conditions, including wage rates and commitments, have already been publicly announced. On the contrary, such a step may become the first brick in the construction of more efficient corporate governance, and will protect both the management and the shareholders from the temptation to conclude new secret deals.”

The new management of Ukrnafta has to demonstrate new standards of transparency, for example to publish an employment contract of a new Chairperson of the Board. Such opinion was expressed by Roman Nitsovych, an expert of the DiXi Group Think Tank.

 

“The situation when signing the contract with a new Chairperson of the Board of Ukrnafta depends on a talk with the Prime Minister is not normal. Especially against the background of the scandal with ‘incentives’ received by his predecessor from minority shareholders, in order to protect their interests of course.

 

Any backstage arrangements have to pass into history. If the new management of Ukrnafta actually wants to show a new quality of management, it has to start with itself. For example, Mr. Rollins may voluntarily disclose his employment contract, without waiting for the time when media will get its scan copy.

 

Moreover, there is nothing to hide. Most of the confidential conditions, including wage rates and commitments, have already been publicly announced. On the contrary, such a step may become the first brick in the construction of more efficient corporate governance, and will protect both the management and the shareholders from the temptation to conclude new secret deals.”

 

Roman Nitsovych
Research Director

News

img

Our platforms

img

Independent energy educational center

img

Website of the coalition which unites experts from leading think tanks and NGOs in the field of energy and environment 

img

National website of Extractive Industries Transparensy Initiative in Ukraine 

img

Information and analitical website “Ukrainian Energy UA-Energy.org” is unique   platform to inform

Our platforms

img

Independent energy educational center

img

Website of the coalition which unites experts from leading think tanks and NGOs in the field of energy and environment 

img

National website of Extractive Industries Transparensy Initiative in Ukraine 

img

Information and analitical website “Ukrainian Energy UA-Energy.org” is unique   platform to inform