Corporate governance and disclosure in Ukraine

This paper aims to provide an overview of the current legislative and regulatory framework in Ukraine in respect of the corporate governance of joint stock companies (JSCs), including a review of recent improvements in legislation. It goes on to highlight the deficiencies of the Ukrainian corporate governance framework itself, as well as to illustrate the widespread failure by Ukrainian JSCs to comply with and implement the existing legislation, resulting (among other things) in the widespread violation of minority shareholders' rights.