182-11 Law No. 1587 on Amendments to the Law on Banks and Banking Activities to Determine the Features of Corporate Governance in Banks

Summary

This law provides amendments to the Law on Banks and Banking Activity, by outlining the corporate governance structure and management of banks. This includes the mandatory responsibilities of the highest governing body, including internal control, general meetings, the role of the Board of Directors, and risk management and internal audit processes. This law also outlines the approval of annual financial results of the bank and the role of the Audit Committee.

Thumbnail image for This law provides amendments to the Law on Banks and Banking Activity, by outlining the corporate governance structure and management of banks. This includes the mandatory responsibilities of the highest governing body, including internal control, general meetings, the role of the Board of Directors, and risk management and internal audit processes. This law also outlines the approval of annual financial results of the bank and the role of the Audit Committee.

Issuer

Ukraine

Year

2014

Region

Europe

Issuer (type)

Verkhovna Rada of Ukraine (Government)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory

Main industries targeted

Finance & Insurance
Transportation & Warehousing

Restrictiveness

Very High

Sustainable Development Goals (SDGs)

SDG 10: Reduced Inequality

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