A public discussion on the results of implementing corporate governance reform in the public sector of the defense industry was held on March 27, 2024. The event was chaired by Herman Smetanin, Director General of JSC Ukrainian Defense Industry (JSC UDI).

In he public discussion, that was traditionally held with the participation of the media, took part the Chairman of the Supervisory Board of JSC UDI David Lomjaria, The head of NAPC Viktor Pavlushchyk and the Head of the Security and Defense Integrity Policy Development Department of NACP Maryna Barynina, representatives of the Ministry of Strategic Industries and the Ministry of Defense, Marina Assistant to Building Integrity Programme NATO Representation to Ukraine (NRU) Kogut Senior, anti-corruption NGO such as StateWatch, NAKO and heads of JSC UDI entities.

"It has been nine months since UDI operates as a JSC not a State Concern Ukroboronprom. During this period, many important events took place: UDI shares were issued that now they are owned by the State represented by the Government, a large-scale anti-corruption infrastructure was launched, the Cabinet of Ministers appointed the Supervisory Board of UDI," said Herman Smetanin.

More than 30 Subsidiaries of the JSC UDI have been corporatized through transformation into LLCs and JSCs. Transparent selection of 19 candidates for the heads of entities was carried out. 

"We keep on building our Network of Anti-corruption officers at defense companies," said Olena Kovalova, Director of the Compliance and Risk Management Department. - "Thus, in the first quarter of 2024, we assessed corruption risks at 20% of our entities".

"We are convinced that we will see a fundamentally new ecosystem of Ukrainian defense as a result our corporate governance reform. The defense industry's role in country's economy development will only grow in the future. In addition, the reform will make it possible to transfer advanced technologies, attract investments, and establish joint ventures with foreign partners," said the Chairman of the Supervisory Board of JSC UDI David Lomjaria.