During the war, owners began to return to managing their businesses
4 October 2024 10:46
The number of founding directors in new companies is growing. Since the beginning of the full-scale invasion, owners want to have more control over the situation. This is reported by "Komersant Ukrainian" with reference to Opendatabot.
More than half of newly established companies in Ukraine have founding directors, and this trend has remained stable in recent years. In 2017, 71% of owners wanted to manage their business themselves, but this number decreased over time, indicating a growing trust in hired managers who took on more management responsibilities.
However, in 2022, the situation changed – the share of founding directors increased to 72.6%. Owners are once again seeking more control, especially after the start of a full-scale invasion.
Share of founding directors in new companies:
- 2017: 71,2%
- 2018: 68,8%
- 2019: 70,7%
- 2020: 67,8%
- 2021: 64,1%
- 2022: 72,6%
- 2023: 72,1%
- 2024: 72,7%.
It is also noticeable that the share of founding directors with less than 5% of the company’s assets has decreased. These are mostly hired managers who received a share as a management bonus. In 2017, there were 1.2% of such directors, and by 2024, their share had fallen to 0.4%.
The share of founding directors with a stake of less than 5%:
- 2017: 1,2%
- 2018: 0,8%
- 2019: 0,6%
- 2020: 0,7%
- 2021: 0,6%
- 2022: 0,4%
- 2023: 0,6%
- 2024: 0,4%.
Owners of large stakes (over 20%) have become more active in the management of companies. In 2017, they accounted for more than 64%, but by 2021, this figure had fallen to 59%. However, already in 2024, owners began to return to management more actively, trusting hired managers less, and the share of such founders increased to almost 69%.
