Khodak S. Corporate governance in Ukraine and the EU in the context of the abolition of the Commercial Code

DOI: https://doi.org/10.33098/2078-6670.2025.19.31.298-303

Objective. The purpose of this article is to outline the main directions of development of corporate legislation in the context of its adaptation to EU law. Also, to solve a number of problems that we will face in the transition period after the abolition of the Commercial Code of Ukraine.

Methodology. Among the philosophical, general scientific and special scientific methods used in the presentation of judgments, analysis of the content of current legal acts of legislation, relevant EU directives and regulations in the field of corporate governance, the following were used: formal-logical and system-structural methods. A comparative analysis was carried out, comparing corporate governance norms and practices in Ukraine and the EU countries. Systemic analysis is the consideration of corporate governance as a complex system influenced by various factors, including legislation.

Scientific novelty. The scientific novelty of the article lies in the study of the extent to which the abolition of the Commercial Code of Ukraine brought Ukraine closer or further away from European corporate governance standards, and the study of the adaptation of Ukrainian companies to the new conditions of corporate governance regulation. The author analyzes specific aspects of corporate governance (e.g., shareholders’ rights, supervisory boards, information disclosure) in the context of the abolition of the Commercial Code of Ukraine and European practices. An in-depth study of certain elements of corporate governance may reveal new trends and problems.

Results. The author identifies key changes in corporate governance regulation in Ukraine after the abolition of the Commercial Code.  Comparative analysis of corporate governance practices in Ukraine and EU countries. Identification of the degree of compliance of Ukrainian legislation and practices with European standards. Identification of potential problems and risks associated with the abolition of the Commercial Code of Ukraine for corporate governance. Theoretical generalizations on the impact of legislative changes on corporate governance in the context of European integration are investigated.

Practical significance. The results of the study can be used in the development and improvement of corporate governance legislation in order to harmonize it with EU law. The study can provide information to improve the supervision and control of companies. Your research may become the basis for further research in this area.

Key words: business activity, corporate governance, EU Directives, transition period.

References

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