Corporate Governance

Concorde Capital returned to the corporate governance scene in October 2011 with updated ratings of practices at listed Ukrainian companies, targeted at foreign investors active in Ukrainian equities. Our first report in February 2007 received rave reviews from investors, lawmakers and the companies themselves, and an update was released in May 2008. The overwhelming interest in this topic led us to put together this webpage to inform and educate local companies about the importance and benefits of strong corporate governance practices and assist in implementing them in their own companies.

IR-Online in Ukraine 2013 / In hopes of better weather / February 2014

Concorde Capital presents its second survey of transparency and investor friendliness of websites Ukrainian securities issues, “IR Online in Ukraine – 2013. Despite the attitude of the global investment community to Ukraine have worsened noticeably, Ukrainain companies improved, on average, their IR practices. The upholding of quality standards by Ukrainian companies leaves the chance that our securities markets sooner or later will recover.

Corporate Governance in Ukraine / Not gone with the wind / May 2013

The research team at investment bank Concorde Capital presented the results of its fourth survey of corporate governance standards and practices among Ukrainian publicly traded companies, “Corporate Governance in Ukraine – May 2013.” The goal of the research was to present stock markets players with instruments that can help them better understand corporate governance practices among Ukrainian companies in reaching well-grounded investment decisions.

Investor Relations Online in Ukraine / The Good, the Bad & the Ugly / June 2012

This the first-ever analytical study of the websites of 100 leading Ukrainian companies, including those listed on a stock exchange (foreign and local) and those with bonds (Eurobonds and local bonds). It includes a ranking of websites by investor-friendliness. One of the key findings was that Ukrainian websites were by far more oriented toward customers than investors.

Corporate Governance in Ukraine / Passing go / October 2011

Our new report, released in both English and Russian languages, is still the only report of its kind – a comprehensive and systematic analytical study of the corporate governance practices in Ukrainian companies. This report rated 114 companies, including those listed in London, Warsaw and Frankfurt based on information from public resources, corporate publications, and top-level management. Improvement is evident – the number of top-rated companies doubled compared to 2007, while the number of lowest-rated companies was cut in half.

Corporate Governance in Ukraine / Straightening up to fly right / May 2008

Concorde Capital’s second update on the corporate governance practices in Ukrainian companies. This report covered 175 companies (up from 117 in 2007), encompassing all sectors of the Ukrainian equity market, including those companies listed on foreign exchanges. Our study showed a marked improvement in the profile of public Ukrainian companies' corporate governance over the last year: the average score was 1.9 vs. 0.8 in 2007.

Corporate Governance in Ukraine / From ape to man / February 2007

This is the first comprehensive study of corporate governance in Ukraine. The report found that “on the whole, Ukrainian companies are still far behind their western peers in terms of corporate development...” The average score was 0.8, which corresponded to a “Below Average” rating.

Important Resources:

  • IFC Brief Glossary of Corporate Governance Terminology (English/Russian) [Direct PDF Download]
  • IFC Russian-English/English-Russian Corporate Governance Glossary [Direct PDF Download]
  • OECD Principles of Corporate Governance (English) [Direct PDF Download]
  • Ukrainian Securities & Exchange Commission Corporate Governance Principles (English) [Direct PDF Download]

Key Links:

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Stock exchanges & DRs

Local regulators

Legislation & key initiatives

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