Profile of Ukroboronprom State Concern
Ukroboronprom State Concern is a strategic manufacturer of weapon and military hardware in Ukraine. The Concern consolidates state unitary enterprises, including state enterprises, in the strategic sectors of the national defense industry, employing about 67,000 highly skilled workers.
Ukroboronprom is a national leader in manufacture of ammunition and military hardware. The State Concern is an integral part of Ukraine’s security and defense sector.
The mission of the Ukroboronprom State Concern is to meet the needs of the defense and security forces of Ukraine in modern and high-quality weapon, military and special equipment.
- independence of Ukraine – we are patriots of independent Ukraine and are always ready to defend it;
- integration into the European community and NATO is our vector of development;
- development – we appreciate desire to change, to develop and to improve.
The Ukroboronprom State Concern relies on the standards and principles of corporate governance as benchmark for establishing a target governance model. In order to comply with those principles, the Concern works to create and provide the effectiveness of compliance programs, internal control and business ethics. Ukroboronprom implements the compliance function, which is an effective tool for preventing and minimizing corruption risks, conflicts of interest, violations of the law or non-compliance with standards.
The management of Ukroboronprom State Concern considers the business conduct as an integral part of high-level corporate governance together with ethics standards. This Code is a set of rules that defines basic values, principles, ethics and business conduct standards for all of the employees of the State Concern. The Code is designed to support all employees to remain responsible to their colleagues, defenders of Ukraine, partners, potential investors and society as a whole and to make the right decisions in accordance with the corporate values and principles of the Ukroboronprom State Concern.
The Compliance policy of Ukroboronprom State Concern is based on the principles and standards of the Organization for Economic Cooperation and Development, the norms and provisions of the legislation of Ukraine and embodies the best world practice on compliance.