Corporate governance revolution in Ukraine: First electronic shareholders’ meeting held

The first electronic shareholders’ meeting was successfully held in Ukraine through an electronic system authorized by the National Securities and Stock Market Commission (NSSMC). The Central Depository fully supported this process.

The meeting was held on March 20, 2024, by one of the MHP Group companies. This meeting was the first electronic shareholders’ meeting in the history of Ukraine.

«It is important to emphasize the importance of this innovation for our company and the entire business community. Electronic shareholder meetings open up new horizons for effective management and ensure transparency in strategic decision-making. This is another step in our rapid development and a confirmation of our commitment to an innovative approach to corporate governance. We are proud to be the first to implement such advanced technologies that contribute to the efficiency and transparency of our operations», said Marta Podzizey, Head of Corporate Governance at MHP.

«Electronic meetings open new perspectives for effective management and ensure transparency in the decision-making process. This is an important step in the development of corporate governance and strengthening shareholder confidence.

«Shareholders can now actively participate in important Resolutions using advanced modern e-voting technologies. The introduction of electronic voting in Ukraine is an important technological step forward and a steady movement of corporate governance standards towards both European and global ones. This mechanism of holding meetings is understandable to foreign investors, which can make our economy more attractive for attracting funds», said Ruslan Magomedov, Chairman of the NSSMC.

«The activities of NDU are focused on the introduction of technological services and the implementation of international practices in Ukraine, – comments Oleksii Yudin, Chairman of the Board of PJSC NDU, – Having a successful experience in implementing services such as remote meetings and bondholder meetings, we focused on creating a technological platform for holding electronic meetings. As a result of more than a year of work by the NDU team, a new Veleten system was introduced, which will ensure the practice of electronic voting in Ukraine and will be the basis for other services of the Central Securities Depository».