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Governance

Corporate governance Ethics and compliance Policies and public statements

corporate 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.”

Maxim Timchenko

Chief Executive Officer

corporate governance

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

Dutch-registered company established in 2005, with headquarters in Kyiv, Amsterdam and London and operations across Europe

DTEK Group B.V.

Supervisory Board

Management Board

DTEK
Energy B.V.

Supervisory Board

Management Board

Coal mining and thermal power generation

DTEK Renewables
Ukraine B.V.

Supervisory Board

Management Board

Renewable energy development

DTEK Renewables
International B.V.

Supervisory Board

Management Board

Renewable energy development

DTEK Oil&Gas
B.V.

Supervisory Board

Management Board

Natural gas, oil and condensate production

DTEK Grids
B.V.

Supervisory Board

Management Board

Electricity  distribution

D.TRADING
B.V.

Supervisory Board

Management Board

Energy commodities trading

D.SOLUTIONS
B.V.

Supervisory Board

Management Board

Power and gas supply and services

Our leadership team

Maxim Timchenko

Chief Executive Officer, DTEK Group

DTEK Energy CEO

Oleksandr Fomenko

DTEK Grids CEO

Alina Bondarenko

DTEK Renewables CEO

Oleksandr Selyshchev

DTEK Oil&Gas CEO

Igor Shchurov

D.SOLUTIONS CEO

Serhii Kovalenko

D.TRADING CEO

Dmytro Sakharuk

DRI CEO

Murat Cinar

How we work

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.

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

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.

Governing bodies

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.

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The Management Board of the DTEK GROUP B.V. handles
its daily operations according to the strategies established
by the Supervisory Board and shareholders.

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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.

Learn more