The members of the Audit Committee of EPSO-G are appointed for a four-year term of office by the sole shareholder‘s AGM decision taking into account recommendations of the Remuneration and Appointment Committee. The uninterrupted term of office of any of the three-member Audit Committee shall not exceed two consecutive terms.
The beginning of the term of office of the currently operating Audit Committee of EPSO-G is 12 September 2016. Two members of the Audit Committee are independent.
. Audit Committee meets every month of the year.
The Audit Committee of EPSO-G:
- carries out the monitoring of the preparation and auditing of the financial statements of the Group‘s companies;
- is responsible for the ensuring of the observance of the independence and objectivity principles by the auditors of the Group‘s companies and of audit companies;
- is responsible for the monitoring of effectiveness of the internal control of the Group‘s companies, risk management and internal audit systems, activity processes;
- is responsible for the control of provision of non audit services by the auditor of the Group‘s companies and/or audit company.
Members of EPSO-G Audit Committe provide declaration of interests to Lithuania's Chief Official Ethics Commisssion
Chairman of Audit Committee
G. Šiušas has no sharegoldings in EPSO-G group.
R. Vyšniauskas has no shareholdings in EPSO-G group.
Member of the Audit Committee
Energy ministry official
Member of Strategic Transitions Management Group, Adviser to the Ministry of Energy
G. Karalius has no shareholdings in companies of EPSO-G group.