First meeting of the Supervisory Board of PJSC Ukrainian Danube Shipping Company
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On September 10, 2025, the first meeting of the Supervisory Board of the Ukrainian Danube Shipping Company (PJSC “UDSC”) was held in Izmail. It is the first PJSC “UDSC” Supervisory Board ever since it’s establishment in 1944.
The meeting was attended by members of the Supervisory Board: Michael Jorgensen, Dennis Olesen, Benoit Pleska (independent members), Andriy Kashuba and Taras Boichuk (state representatives), as well as invited guests, including Acting CEO Igor Chertov and representatives of all subsidiaries and representative offices of PJSC “UDSC.”
The meeting lasted more than 7 hours, which allowed the members of the Supervisory Board to discuss in detail and make decisions on all items on the agenda.
The main decisions adopted at the meeting were as follows:
1. Election of the Chairman of the Supervisory Board: After discussion, Benoit Plesk, an independent member, was elected Chairman of the Supervisory Board. Mr. Benoit’s previous successful experience as Chairman of the Supervisory Board of JSC Ukrposhta will contribute to the clear management and coordination of the Board’s work.
2. Hearing of reports from auditors and consultants of PJSC “UDP” (PwC, Baker Tilly): discussed the need to continue with the process of transforming the company’s financial reporting to international standards, as well as the need to audit the financial statements for recent years.This topics will be discussed on a first audit commitee meeting.
3. Creation of committees: The creation of standing committees and regulations governing them was approved, namely: the Supervisory Board’s Audit Committee (Committee Chair – Michael Jorgensen); the Supervisory Board’s Appointments and Remuneration Committee (Committee Chair – Dennis Lent Olesen); the Supervisory Board Committee on Fleet Renewal and Sustainability (Committee Chair – Michael Jorgensen). A temporary Supervisory Board Committee on Review of Corporate Structure, Internal Regulations and Policies was also established and the relevant regulations on the committee were approved (Committee Chair – Taras Boichuk). Each committee will consist of three members, including independent directors and state representatives, to ensure a high level of transparency and professionalism.
4. Introduction of new positions: A decision was made to introduce the position of corporate secretary and create a corresponding department, as well as the position of internal auditor with the creation of an internal audit department. These steps are aimed at strengthening corporate governance and control.
5. Meeting schedule: The schedule of meetings of the Supervisory Board until the end of 2025 was approved, which will ensure regular and planned work.
6. Information about subsidiaries: The members of the Supervisory Board met with the company’s management, listened to a presentation, and talked with each subsidiary of PJSC “UDP.”
All decisions were made unanimously, which shows the high level of coordination and unity in the work of the Supervisory Board. The meeting ended with clear tasks for further preparation of committee meetings, which will consider important issues for the stable operation of the enterprise and the development of an effective corporate governance system.
PJSC “Ukrainian Danube Shipping Company” continues to improve its corporate structure and implement the best corporate governance standards.
