New Compliance Committee to be Established


Kyiv - October 20, 2021. The structural subdivisions of the Association have expanded - a new Compliance Committee has been created. The members of the UBA Board unanimously voted for the decision during the regular 157th meeting.

The committee was established to unite the community of professionals in the field of compliance and ethics, exchange knowledge and experience, improve national legislation governing certain aspects of compliance, improve the integrity and ethics of doing business.

The legal community of Ukraine is facing some oversaturation of demand for the services of legal professionals. Along with the constant interest of young people in obtaining legal professions, every year there is a tendency to narrow the opportunities for their further successful career and decent pay. At the same time, the global legal market is showing increasing interest in building alternative careers in compliance and business ethics, including corporate governance, GRC, risk management, and sustainability. Professional lawyers have the full opportunity to use their knowledge of the law, understanding of the principles of government and regulatory bodies, experience in interpreting and drafting legislation to successfully build such an alternative career.

Among the key activities of the Compliance Committee for 2021 - 2022 are:

-          organization of discussions with the participation of lawyers, compliance specialists, government officials, scholars;

-          development of an expert and communication platform for the launch of the annual UBA Compliance Forum with the participation of national and international experts;

-          participation in the process of reviewing legislative initiatives and joining the relevant working groups to finalize documents aimed at regulating compliance in Ukraine;

-          educational activities on the implementation of compliance systems and business ethics (participation in events of the UBA Students’ League, launch and support of the initiative “Library of a Compliance Specialist”; development of a standard of knowledge and skills of a compliance specialist, development of the concept of primary professional certification and certification).

We wish to invite all colleagues - members of the UBA, who are interested in compliance, to join the Committee and actively participate in its work!

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