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12 January, 2022
NAKO and IDA discussed the reform of the defence industry of Ukraine

Olena Tregub, NAKO Executive Director – with a working visit to Washington, DC. On the first day of her visit, Ms Tregub held a meeting with a team of experts from the Institute for Defence Analyses (IDA) involved in the reform of the Ukrainian defence industry, in particular, the State Concern "Ukroboronprom".

IDA specialists closely monitor how the Supervisory Board of the new joint-stock company and its sub-holdings will be formed. During the meeting, they also discussed the need for transparent and competitive selection to the Supervisory Board and the importance of engaging reputable professional personnel, having competencies in the field of audit, international markets, defence industry, etc.

NAKO Executive Director also told the experts about a number of risks associated with the movement of property and assets during corporatization. All meeting participants unanimously agreed that these processes needed public supervision.

The Institute for Defence Analyses (IDA) is an American nonprofit corporation that administers three research and development centres that assist the U.S. government in dealing with issues related to national security. One of the activities of the Institute is aimed at improving expertise in the reform of the defence industry of Ukraine to strengthen its defence capabilities, secure stability in the region, and protect democracy. In particular, the Institute conducts a strategic analysis of the Ukrainian defence industry in the aspects of Ukroboronprom reorganization and corporatization and advises on best practices of corporate governance.

NAKO has been supporting dialogue with IDA for more than four years for effective reform of the defence industry of Ukraine.