THE TRANSFORMATION OF PUBLIC ADMINISTRATION BY UKRAINE’S CORPORATE SECTOR: INSTITUTIONAL CHALLENGES AND IMPERATIVES OF SUSTAINABLE DEVELOPMENT

Abstract

Research into the theoretical and methodological foundations for the development and
implementation of a strategy for public administration of the corporate sector-aimed at enhancing its
transparency, competitiveness, and integration into the global economic system is of particular scientific
and practical significance. Contemporary researchers view corporate administration mechanisms as an
integral element of the national security architecture, ensuring the financial and economic stability of
strategically important economic entities in the face of hybrid challenges and martial law. It has been
determined that, in the context of Ukraine’s path toward European integration, non-financial reporting can
serve as an effective tool for strategic communication management with stakeholders at various levels,
reflecting the extent to which enterprises achieve their goals in the areas of economic stability, social wellbeing, environmental safety, and risk-management. It has been demonstrated that non-financial corporate
reporting currently serves as a tool for monitoring the impact on society, the economy, and the
environment; furthermore, it serves as an indicator of Ukraine’s readiness to implement European
corporate governance standards in order to comply with the requirements of the EU Directive on
sustainability reporting.
It has been demonstrated that the transformation of public administration of the corporate sector at
the present stage is characterized by a shift from soft regulatory tools to strict legal and regulatory
controls. This process is driven by commitments to international donors as part of the implementation of
the Ukraine Facility, as well as by the imperatives of ensuring foreign economic stability and preserving
the country’s export potential.
It has been established that the current model of domestic public administration of the corporate
sector requires further development by addressing corruption challenges, strengthening the personal
accountability of managers, ensuring the impartiality of supervisory boards, and fully implementing
European standards of accountability and transparency into the national legal system.