The corporate governance system of the DTEK Group is built taking into account the best international standards of public international corporations, based on the principle of transparency. The DTEK Group is continuously developing corporate governance, taking into account changes in business and society. This approach ensures efficiency at all levels of management, a transparent decision-making environment and a competitive advantage in capital markets.
DTEK Group has divided its strategic planning and operational management functions.
The Corporate Center determines the strategic directions of growth, carries out general business management and provides methodological support to operating holdings.
All operating holdings are independent in production management and operating activities. At the same time, the supervisory board provides strategic management of the corresponding line of business and control over actions of the management. Since 2008, DTEK Group has implemented the practice of attracting independent directors to its Supervisory Boards. The Management Board is a collective executive body responsible for the implementation of the strategy and management of current operations.
According to the Law “On the Electricity Market”, the companies shall separate distribution system operators from electric power production, transmission and supply operations by establishing the corresponding business entities. These changes are an integral part of the energy reform, which is aimed at transition to the electric power market by the European model. DTEK Group makes relevant changes to its activities. Kyivenergo, DTEK Dniprooblenergo, and DTEK Donetskoblenergo have performed the separation of operations. The power distribution and electric grids operation functions shall be further performed by DTEK Kyivs’ki elektromerezhi, DTEK Dnipro Grids, and DTEK Donetsk Grids, respectively. The supply of electric power to consumers in Kyiv, Dnipro Region and Donetsk Region shall be provided by Kyiv Energy Services, Dnipro Energy Services, and Donetsk Energy Services, respectively. It is expected to complete the transition to the new distribution business model by the end of 2018.
* On March 15, 2017, the company declared that it had lost control over the companies and their assets located in the areas of Donetsk and Luhansk regions temporarily not controlled by the Ukrainian government.
** On January 21, 2015, the Crimean self-proclaimed government started to consider the movable and immovable property of DTEK Krymenergo as the property of the Republic of Crimea.
Corporate rights to Mine Office Obukhovskaya JSC and Donskoy Anthracite JSC belong to DTEK B.V. (Netherlands).