USIF Supervisory Board

The Supervisory Board is USIF’s supreme governing body. The Supervisory Board is chaired by the Minister of Social Policy of Ukraine and includes representatives of central national bodies of executive power; representatives of donors and international financial organizations that support the projects of economic and social development of Ukraine (with their consent). The composition of the Supervisory Board of the Fund is approved by the Cabinet of Ministers of Ukraine upon submission of the Chairman of the Supervisory Board of the Fund. The members of the Supervisory Board of the Fund exercise their powers on a pro-bono basis.
 
Actual composition of USIF Supervisory Board, chaired by the Minister of Social Policy of Ukraine Andriy Reva is approved by the Cabinet of the Ministers of Ukraine Resolution of 15.11.2017 № 827-r.
 
The competence of the Supervisory Board of the Fund includes:
  • supervision over the management of USIF's funds, their purposeful use, management of the Fund’s property, compliance with the purpose of its activities and the requirements of the legislation;
  • determining the strategy of the Fund's activities and monitoring its implementation;
  • approval of the Operational Manual of the Fund's activities in agreement with donors and international financial organizations that support the projects of economic and social development of Ukraine;
  • approval of annual budget and current activity plan of the Fund, reports on their implementation;
  • making decisions on the distribution of financial resources in accordance with annual budget and current plan of the Fund's activities;
  • approval of candidatures of independent consultants and auditors based on the results of competitive selection to audit financial statement of the Fund;
  • approval of requirements, terms of reference for audit of the Fund's activities and audit results;
  • appointment, discharge and bringing to disciplinary liability of USIF Executive Director; − approval of the structure, maximum number and staff list of USIF as well as the budget of the Fund's expenditures in agreement with donors and international financial organizations that support the projects of economic and social development of Ukraine;
  • making decisions on the establishment of USIF regional offices;
  • performance of other control and regulatory functions in accordance with the legislation, USIF Supervisory Board Regulations and Operational Manual of the Fund.
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