JU-TON

02/12/2024

Ukrzaliznytsia has launched an updated anti-corruption infrastructure

Since February 1, the new organizational structure for ensuring proper governance and combating corruption has been fully functioning in the company. It provides mechanisms and safeguards to eliminate and prevent any manifestations of illegal actions.
It consists of 5 subdivisions:

Anti-corruption office
bringing internal procedures into compliance with the requirements of anti-corruption legislation and best global practices, improving the company's policies in the field of integrity. Yulia Azarina, who has 10 years of experience in the field of law and providing complex legal support to businesses and public associations, has been appointed head of the office.

Risk Management Department
implementation and operation of a comprehensive risk management system that meets international standards and practices and contributes to the achievement of the strategic goals of Ukrzaliznytsia. The department is headed by Yuliy Shchukin, who has many years of experience in the field of risk management, finance and auditing.

Compliance Department
compliance with the company's internal procedures, minimizing risks from counterparties, in particular sanction risks, promoting the preservation of reputation and compliance with ethical norms and standards of business conduct and treatment of employees. Tatyana Gromova, who has over 15 years of experience in law, in particular in the field of compliance and corporate governance, has been appointed as the head of the compliance department.

Department of Corporate Security
ensuring physical, economic and information security of Ukrzaliznytsia. Oleksandr Rykovtsev, who worked at NABU for more than 7 years, was appointed director of the department.

Internal Audit Department
checking and evaluating the processes that ensure the company's activities - providing independent and objective recommendations on improving management systems and preventing illegal, inefficient and ineffective use of funds. Dmytro Sergiyenko, who previously worked as the head of internal audit of NEC "Ukrenergo", has been appointed director of the internal audit department.
The new organization meets the recommendations of the Organization for Economic Cooperation and Development regarding corporate governance at state-owned enterprises in Ukraine and the "three lines of defense" model promoted by the Institute of Internal Auditors (an international professional association).