Ukroboronprom to implement corporate governance reforms
Ukroboronprom has chosen Ernst & Young (EY) to support the implementation of a number of key corporate governance reforms, the company reported on 21 April.
EY consultants will focus on developing a corporate governance target model in order to improve efficiencies within the Ukrainian state-owned defence company.
This will include new internal audit processes and internal controls, as well as risk management strategies and stronger anti-corruption measures.
Roman Bondar, Deputy General Manager for the Head of Transformation Office at Ukroboronprom, said: ‘The group has already begun the process of creating politically independent sectoral holdings based on leading Ukroboronprom companies with a transparent and efficient management system.’
He added that the involvement of EY would ‘dramatically shorten the timing of the reform and will allow the introduction of best practices that have long existed at competing Ukoboronprom companies’.
Expert advisors from France, the UK and the US are also contributing to defence sector reform in the Ukraine.
More from Defence Notes
-
![Amazon Project Kuiper emphasises user-friendly solutions for multi-domain connectivity (Studio)]()
Amazon Project Kuiper emphasises user-friendly solutions for multi-domain connectivity (Studio)
At DSEI 2025, Shephard's Alix Valenti spoke to Project Kuiper's Rich Pang about the importance of enabling seamless communication between allied forces such as NATO members in challenging operational environments.
-
![DSEI 2025: Raytheon UK CEO highlights RTX skills, innovation and UK footprint]()
DSEI 2025: Raytheon UK CEO highlights RTX skills, innovation and UK footprint
At DSEI 2025, James Gray, Managing Director and CEO of Raytheon UK (part of RTX), outlines the company’s century-long presence in the UK and its evolving role across defence, aerospace, cyber, and training domains.
-
![Israel defence ministry pushes ambitious spending plans for tanks, drones and KC-46 aircraft]()
Israel defence ministry pushes ambitious spending plans for tanks, drones and KC-46 aircraft
The procurement and acceleration production plans – some of which still await approval – across the air and land domains will aim to strengthen the operational needs of the Israel Defense Forces.
