DTEK Leads Concorde Capital’s 2013 Rating of Corporate Governance
OREANDA-NEWS. DTEK, Ukraine’s largest energy company, was ranked first in the rating of Corporate Governance in Ukraine conducted by Concorde Capital among Eurobonds issuers.
The primary goal of the research was to present a practical tool to help portfolio investors better understand corporate governance practices in Ukrainian companies in order to make more informant investment decisions.
The project rated 111 Ukrainian companies, shares or bonds issuers listed in Ukraine and abroad. Bonds issuers were included into the corporate governance standards research for the first time, and proved to perform better than shares issuers on many criteria.
The ultimate leaders of the Eurobonds issuers’ rating by the corporate governance quality are DTEK, Metinvest and the First Ukrainian International Bank.
“Corporate governance in DTEK is first of all our competitive advantage, as the Company is the leader in the Ukrainian power sector”, said Oleksiy Povolotskyy, Head of Corporate Governance Legal Support Department. “Our team is ready to take best efforts to make Ukraine’s businesses understand the importance of corporate governance for the stock market development and improving the investment image of Ukraine.”
“DTEK develops its corporate governance in accordance with the best world standards of public international companies”, said Olena Semykina, Head of Investor Relations Department. “The quality of the corporate governance in DTEK contributes to its successful development and higher attractiveness for international investors.”
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