Conducting a comprehensive assessment of corporate governance of public sector entities

REQUEST FOR EXPRESSION OF INTEREST (Consulting Services) UKRAINE SECOND POWER TRANSMISSION PROJECT (PTP-2) Loan No. IBRD-84620 Assignment Title: Conducting a comprehensive assessment of corporate governance of public sector entities Reference No.: UE/34 I. INTRODUCTION NPC “Ukrenergo” (hereinafter called “the Client”) has received financing from the World Bank toward the cost of the Second Power Transmission Project, and intends to apply part of the proceeds for consulting services for Conducting a comprehensive assessment of corporate governance of public sector entities. The consulting services (hereinafter called “the Services”) must be provided in accordance with the current legislation of Ukraine and in accordance with Order of the Cabinet of Ministers of Ukraine No.1223-r dated 13.11.2025 "Issues of comprehensive analysis of the activities of certain business entities of the public sector of the economy". A comprehensive assessment is carried out with the involvement of audit companies and/or international consulting companies in accordance with the requirements of the aforementioned Order. During the assessment, the following are to be taken into account: Methodological recommendations on the organisation of the internal control system, approved by the Order of the Ministry of Economy of Ukraine No. 5484 dated 30 April 2026; OECD recommendations on corporate governance of public entities; international standards of internal control, risk management and internal audit; other international and national practices in the field of corporate governance. II. SCOPE OF WORK Purpose and main areas of the comprehensive assessment is analysis of: the state of corporate governance; the state of control over the executive body’s activities; compliance with the anti-corruption programme, the code of corporate ethics (corporate integrity); procurement procedure, financial and budgetary discipline, procedure for making decisions on transactions; functioning of the internal co