DTEK’s corporate governance system is designed to ensure respect for the interests of stakeholders, ethical decision-making, and efficiency at all levels of governance. This approach enables constructive engagement with investors, partners, and employees, supports the implementation of our long-term development goals and enhances DTEK’s investment attractiveness in international capital markets.
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Governance
DTEK holds itself to the very highest standards of corporate governance. We see business integrity and the strongest possible safeguards as fundamental to DTEK’s business performance.
We are committed to achieving business objectives through the sustainable supply of energy, while maintaining the highest standards of health, safety, and environmental stewardship. A focus on safety, transparency, integrity, and teamwork guides every aspect of our operations.
To ensure robust corporate governance, DTEK has established comprehensive policies, procedures, and systems that promote accountability and compliance. We regularly review and update these governance frameworks to align with evolving industry standards and regulatory requirements.
Through these efforts, DTEK strives to uphold strong governance practices that support sustainable growth and foster trust among our stakeholders.
“Ukraine can only rebuild with strong support from international partners, and that support depends on trust. At DTEK, our commitment to transparent governance and zero tolerance for corruption is absolute. This is not a compliance measure, but the foundation of how we build lasting partnerships and create sustainable value.”
Corporate governance encompasses the relationships between supervisory boards, management boards, shareholders and other stakeholders.
This governance structure outlines how DTEK’s objectives are set, the strategies for achieving them, and the mechanisms for monitoring performance.
Effective corporate governance ensures that decision-making processes are transparent and well-structured, responsibilities are clearly defined, and conflicts of interest are minimised. It also involves establishing reliable internal controls and risk management practices to promote transparency and accountability. This enables DTEK to maintain integrity and trust while pursuing its goals.
DTEK continuously develops its corporate governance system to ensure changes in business and social needs are always considered. This approach allows for the development of new and existing business areas in line with both the long-term development strategy and DTEK’s sustainability strategy.
DTEK GROUP B.V.
Supervisory Board
Management Board
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dtek
energy b.v.Supervisory BoardManagement BoardCoal mining and thermal power generation
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DTEK Renewables
Ukraine B.V.Supervisory BoardManagement BoardRenewable energy development
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DTEK Renewables
International B.V.Supervisory BoardManagement BoardRenewable energy development
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DTEK
Oil&Gas B.V.Supervisory BoardManagement BoardNatural gas, oil and condensate production
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DTEK
Grids B.V.Supervisory BoardManagement BoardElectricity
distribution
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D.Trading
B.V.Supervisory BoardManagement BoardEnergy commodities trading
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D.Solutions
B.V.Supervisory BoardManagement BoardPower and gas supply and services
Our leadership team
Chief Executive Officer, DTEK Group
Maxim Timchenko
How we work
Transparency and accountability
DTEK strives for a transparency in its actions and accountability to its shareholders and stakeholders. DTEK undertakes to disclose information in a timely, transparent, equitable and reliable manner as required by applicable laws. Any form of conflict of interest should be prevented by means of adequate and efficient measures required by applicable law.
Efficiency and responsibility
The Supervisory Board and management act in the interests of DTEK and its shareholders and stakeholders including employees, local communities and consumers, ensuring effective resource management and responsible decision-making.
Protection of shareholders’ rights
DTEK guarantees the protection of shareholders’ rights, providing access to information and ensuring proper exercise of their legitimate rights and duties. DTEK incorporates specific and measurable financial and non-financial targets into its strategic planning, aiming to enhance profitability and deliver sustainable value.
Separation of duties
DTEK implements a framework that ensures clear delineation between day-to-day operational management and strategic oversight functions. This structure is decentralised, adhering to the principle of subsidiarity and respects the corporate independence of the various companies within DTEK.
Diversity
DTEK is committed to maintaining a balanced composition of the Supervisory Boards, as well as Management Boards, through regular updates. We strive to ensure a diverse range of skills, knowledge, experience, backgrounds, nationalities, and genders among Board members, reflecting the social and cultural diversity across DTEK businesses.
Social responsibility and sustainable development
Social responsibility and sustainable development are incredibly important to DTEK and central to our sustainability strategy. We invest significant funds in improving the safety, efficiency and environmental stewardship of our businesses, while looking after our employees’ health and professional development in line with ESG principles. As one of Ukraine’s largest employers and social investors, we also work to strengthen local communities and improve lives in the regions where we operate.
Innovation
Innovation is a core strategic pillar for DTEK. It impacts every facet of its business and governance, from day-to-day operational practices to long-term decision making. It drives how the company adapts and leads in a rapidly evolving energy landscape.
Supervisory Board
The Supervisory Board of the DTEK GROUP B.V. is responsible for overseeing and controlling the company’s operations, except for issues reserved exclusively for shareholders.
Management Board
The Management Board of the DTEK GROUP B.V. handles its daily operations according to the strategies established by the Supervisory Board and the Sole Shareholder
Advisory Council
The Council’s creation represents an important step in DTEK’s journey through the energy transition, its expansion into new markets and to be recognised as an example of corporate excellence.
Ethics and compliance
Our business follows The Three Lines of Defence model.
Read more about key elementsDTEK’s Compliance Service plays the role of the second line of defence and is responsible for implementing the key elements of the company’s compliance management system:
- Mitigating emerging risks in the day-to-day activities of DTEK businesses
- Developing mechanisms to mitigate compliance risks
- Establishing compliance controls within business processes
Policies and public statements
Corporate governance
Ethics and compliance
Privacy and data protection
Finance and tax
Employment, human rights, workplace
Sustainability and environment