Poroshenko signed a law that will facilitate the attraction of investments and business activities

President Petro Poroshenko has signed the law “On amendments to some legislative acts of Ukraine on simplification of doing business and attracting investment by securities issuers”.

About it reports a press-service of the head of state.

It is noted that the law solves the problem of distribution of joint stock companies in Ukraine, public and private, on formal grounds, eliminates the imbalance in the legislation and introduces European principles on the determination and regulation of public companies.

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Thus, the provisions of the document changes the approach to attribution of joint-stock companies to public and private, and proposes to abandon the commit in the name of joint-stock companies of its type.

“Also eliminated the requirement that banks may not only be in the form of a public joint-stock companies, while banks will be subject to disclosure as a public company, and set higher requirements for corporate governance, in particular in the formation of the Supervisory Board and its committees. In addition, the Law expands the scope of information and means of disclosure for public companies and banks, when it abolished the obligation to publish information in one of the official publications,” the message reads.

In addition, the document provides for reduced disclosure for private joint stock companies, introduced the possibility of providing information services on the stock market by private individuals and not only the securities Commission and its agencies, as well as tightened requirements for transparency of the activities of the Supervisory Board of joint-stock companies, election of independent members, expand its powers.

Recall that the index of investment attractiveness of Ukraine, according to the company’s European Business Association was the highest over the last six years.

Poroshenko signed a law that will facilitate the attraction of investments and business activities

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