Ukrainian legislation does not employ the term "corporate officers". Instead, the corporate governance structure consists of:
- a supervisory board (not mandatory; except for certain specific cases, e.g., public joint-stock companies or private joint-stock companies with more than ten non-affiliated shareholders) exercising control over the executive body, and
- an executive body (being an individual director or a collective board of directors) managing the operational activity.
Given the functions of corporate officers in other jurisdictions, we assume that the closest analogue is members of the executive body.
The company must have at least one director who will act as the company's head officer (CEO). The appointment of other directors is not obligatory but is quite popular in Ukraine (for instance, CFOs are often appointed as the board members).
Generally, there are no requirements to the company's directors – either a Ukrainian national or a foreigner can be appointed as the CEO. The directors of the limited liability companies (the most popular organizational form in Ukraine) have an opportunity to be appointed based on a labour or a civil law agreement. Work permits are not mandatory if the appointed foreign nationals do not intend to stay in Ukraine permanently.
In addition, companies themselves were recently allowed to act as directors, but only for special DIIA City resident company (a special corporate and tax regime created for IT companies).
Specific requirements are set for the companies exercising activity in particular spheres, e.g., spheres requiring licensing. As a rule, such conditions relate to the education of candidates, work experience, good faith, and compliance requirements.