Simplification: the VRU postponed the creation of supervisory boards by professional participants until the end of martial law

Today, December 13, 2022, the Verkhovna Rada of Ukraine decided to postpone the rule on the creation of a supervisory board by companies from January 1, 2023, which is specified in the transitional provisions of the Law of Ukraine on Capital Markets and Organized Commodity Markets.
From now on, professional participants of the capital markets and organized commodity markets at the general meeting of participants can make a decision to temporarily suspend the performance of the functions of the body responsible for supervision at the general meeting of participants. But no later than 90 days after the termination or cancellation of martial law.
Corporate governance plays an important role for the stable and reliable functioning of any company. In this direction and not only the NSSMC works fruitfully with the VRU Committee on Finance, Tax and Customs Policy. And today, any actions to simplify the conduct of professional activities on the capital markets are important and necessary in such a difficult time for the country