MYKHAILO ZGHUROVSKYI: INTERNATIONAL AUDIT IS AN IMPORTANT STAGE OF UOP REFORM

Conducting an international audit of the SC “Ukroboronprom” (UOP) will help the Supervisory Board fulfill its obligations and bring the State Concern to the world management standards. This was stated by Volodymyr Ogryzko, Co-chairman of the Independent Defense Anti-Corruption Committee (NAKO), at a joint press conference with the head of the UOP Supervisory Board Mykhailo Zghurovskyi.

NAKO representative expressed belief that the audit will restore the trust of society, investors and international partners to the State Concern, and will therefore be an important step in the UOP reform.

According to Mykhailo Zghurovskyi, today the process of conducting an international audit and formation of appropriate tender procedures has been unblocked.

It should be noted that NAKO provided recommendations to UOP Supervisory Board regarding the aspects to be included in the tender. The respective proposals were considered by the Supervisory Board and the Tender Committee of the State Concern.

Therefore, tender documentation contains the following: strategic consulting, corporate governance assessment, legal review, diagnostics and independent financial audit.

Currently, tender procedures are taking place, taking into account these changes. The deadline for submission of applications was extended from June 18th till September 28th. This will allow engaging more auditors in the tender.

The Chairman of the UOP Supervisory Board noted the positive changes in the reform process. Yes, clusters – that will unite UOP enterprises and will contribute to solving more complex issues – are being created. We are talking about aviation, armored vehicles, shipbuilding, radar and precision weapons clusters.

NAKO emphasizes the importance of establishing UOP Supervisory Board as a key step towards effective management of the State Concern.