Reformation Processes of Corporate Law and Governance in Ukraine: Implementation of European Standards and International Experience

The article examines the transformational changes in legislation and corporate governance practices in Ukraine within the context of integration into the European legal framework. The primary directions of corporate law reform are analyzed, driven by the necessity to harmonize with international standards, particularly the principles of the Organisation for Economic Co-operation and Development (OECD) and the legal norms of the European Union (EU). The study primarily focuses on key legislative initiatives that have influenced the structure of corporate governance, including the adoption of the Law of Ukraine “On Limited Liability Companies” and amendments to the Law of Ukraine “On Joint-Stock Companies,” as well as legal mechanisms for protecting shareholders’ and investors’ rights. Special attention is given to issues related to increasing corporate transparency, enhancing corporate governance mechanisms, and establishing the institution of independent directors. The article provides a comparative analysis of Ukrainian corporate legislation with similar legal frameworks in EU member states, highlighting key challenges and opportunities for further development in this area. The significance of adapting the EU Shareholders’ Rights Directive, implementing corporate social responsibility principles, and incorporating ESG (Environmental, Social, and Governance) criteria into the activities of Ukrainian companies is emphasized. A separate section is dedicated to analyzing the role of judicial and arbitration practices in the corporate law reform process, including an overview of key court decisions that shape law enforcement practices in this field. The impact of judicial system reform on the effectiveness of corporate dispute resolution is examined, along with the application of international legal norms by Ukrainian courts. The article also examines the impact of digital transformation on corporate governance, specifically the adoption of electronic document management, the application of blockchain technologies in property rights registration, and the automation of shareholder voting procedures. It demonstrates how digitalization contributes to improving corporate governance efficiency and minimizing corruption risks. Keywords: corporate law, corporate governance, reform, European standards, international law, consolidation.