USPA Supervisory Board holds its first meeting
On April 23, 2019, the first meeting of the Supervisory Board of the SE «USPA» was held. The members of the Supervisory Board elected the governing bodies and developed the work plan for the current year, USPA says in a press release.
Dmytro Barinov, the first deputy Chairman of the Maritime Administration, was elected a Chairman of the Supervisory Board of the SE «USPA». His deputy — Patrick Verhoeven (Belgium), who has held senior positions in international port organizations for the past 25 years.
The Minister of Infrastructure of Ukraine Volodymyr Omelyan noted that the launch of the Supervisory Board of Ukrainian Sea Ports Authority is an important step towards the implementation of corporate governance standards in a state-owned company. The Minister also stressed that he personally will comprehensively contribute to the work of the Supervisory Board of the enterprise and support initiatives to further implement the European experience in managing the port industry in Ukraine with a clear step-by-step plan.
“The USPA hopes for fruitful cooperation with members of the Supervisory Board in such important areas as corporatization of the enterprise, continuing the port industry reform towards the landlord-port model, the driver of which was and remains the USPA. The experience of the members of the Supervisory Board will also be very useful for increasing transparency in interacting with customers and the effectiveness of the management system, as well as strengthening the position of the company on the international arena.”, — the Head of the USPA, Raivis Veckagans commented on an important event in the history of the company.
At the first meeting, the members of the Supervisory Board signed contracts with SE “USPA”, formed audit committees, as well as the appointment and remuneration of officials of the company. The next meeting will be held in a month during the traditional Ukrainian Ports Forum in Odesa, the organizers of which are the Ukrainian Sea Ports Authority and the Centre for Transport Strategies.
“The first meeting of the Supervisory Board, in my opinion, was very effective. The Chairman and deputy were elected, mandatory committees were formed. This gives us an opportunity to fully participate in cooperation with the company. For the USPA, further implementation of corporate governance standards will make the enterprise management system more transparent and understandable for international partners. This will open up new opportunities to attract funds and investments.”, — the newly elected chairman of the USPA Supervisory Board Dmytro Barinov summarized.
According to the charter of the SE «USPA» and the Regulation of the Ministry of Infrastructure of Ukraine on the Supervisory Board of the SE «USPA», the Supervisory Board is the body that regulates the activities of the Head of SE «USPA», evaluates proposals for the development of the enterprise in accordance with the current legislation, as well as activities of SE «USPA».
The USPA Supervisory Board includes four independent members, namely Wolfgang Hurtienne (Germany), Jan Van Shoonhoven (Netherlands), Patrick Verhoeven (Belgium) and Yulia Klymenko (Ukraine), as well as three state representatives — First Deputy Chairman of the Maritime Authority Dmytro Barinov, Executive Director of the Reform Office of the CMU Anton Yashchenko and Advisor to the Minister of Infrastructure of Ukraine Taras Trotsky. The decision on the coordination of the members of the Supervisory Board of the State Enterprise «USPA» was adopted by the Cabinet of Ministers of Ukraine at its meeting on February 6, 2019.
A preliminary selection of independent members was carried out by a branch of an international search and selection company for Boyden Global Executive Search — Boyden Ukraine. In general, 85 candidates from 16 countries submitted documents to the competition for the selection of independent members of the USPA Supervisory Board.
