NNEGC “Energoatom” has approved the Interim Report on the comprehensive assessment of the Company’s corporate governance and submitted it to the Ministry of Economy and Environment of Ukraine on 15 October 2026, in accordance with the deadline established by the Cabinet of Ministers of Ukraine.
The independent assessment is being carried out by the international consulting firm EY pursuant to Cabinet of Ministers Resolution No. 1223-r of 13 November 2025. It covers eight components of Energoatom’s corporate governance system: oversight of the executive body, anti-corruption and integrity, procurement, financial discipline, transaction approval, internal control, risk management and internal audit.
The report sets a baseline maturity score of 1.7 on a five-level scale, as of 1 July 2026. Oversight of the executive body, transaction approval, and financial and budgetary discipline scored highest. Risk management and internal audit, which were still being established during the assessment period, scored lowest. The report notes the leading role the Supervisory Board has played in strengthening corporate governance since its appointment.
“This assessment gives us what we asked for: an objective baseline and a practical roadmap for improvement. We do not intend to soften difficult findings. Our task now is to turn them into concrete actions, with clear responsibilities and deadlines,” said Rumina Velshi, Chair of the Supervisory Board of Energoatom.
“The 1.7 score fairly reflects the state of governance at the starting point. It should be read in light of how recently Energoatom began its corporatization reform, and of the current Supervisory Board’s short tenure, which began in February 2026. Since July 2026, the Company has made significant progress in strengthening and renewing its Management Board, while continuing to develop its risk management, compliance and internal audit functions and reinforcing other elements of its corporate governance framework,” said Laura Garbenčiūtė-Bakienė, Deputy Chair of the Supervisory Board and Chair of its Audit Committee.
EY’s final report, with detailed recommendations and a roadmap for improving corporate governance, is due to be submitted by 31 December 2026.
