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Audit Committee

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. Two members of the Audit Committee are independent. Audit Committee meets every month of the year.

The start of the term of office of the three members Audit Committee is 23 October 2024. 

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 Audit Committe provide declaration of interests to Lithuania's Chief Official Ethics Commisssion.
 

 

Rasa Balevičienė 

Chair, independent member

Independent member of the Board from 18 September 2024               

Education:

  • Vilnius University’s Vilnius International School, Master in Management and Business Administration
  • Baltic Institute of Corporate Governance, studies of a professional council and board members

Other positions: independent member of the Board at a financial start-up Nium                

Experience:

R. Balevičienė has experience in the fields of finance and investment. Previously, R. Balevičienė held the positions of CEO and Chair of the Board at two life and non-life insurance companies, Swedbank P&C Insurance AS and Swedbank Life Insurance SE, operating in Lithuania, Latvia, and Estonia. She also served as Chief Financial Officer at AB Hansabankas and was the Director of the Financial Reporting and Accounting Department and Chief Accountant at AB Swedbank.

Rasa Balevičienė on Linked In 

R. Balevičienė has no shareholdings in companies of EPSO-G group.
 

Vytenis Lazauskas

Independent member

Independent member of the Audit Committee from 23 October 2024                      

Education: Vilnius University, Master Degree in Finances

Other positions: Head of group risk management at INVL Asset Management

Experience:

V. Lazauskas has extensive experience in financial auditing and consulting gained at the international audit firm PwC. Since 2018, he has been working at the INVL Group: until July 2024, he held the position of Group Chief Financial Officer and currently serves as the Group Head of Risk Management.

Vytenis Lazauskas on LinkedIn

V. Lazauskas has no shareholdings in EPSO-G group.
 

Dainius Bražiūnas 

Member 

Member of the Board from 24 March 2023, as well as from 20 March 2019 to 20 March 2023

Education: Vilnius Gediminas Technical University, Bachelor in Energy Sciences

Other positions:

  • Head of Energy Security Group at the Ministry of Energy of the Republic of Lithuania
  • President of the association Koturnos

Experience:

D. Bražiūnas has extensive experience in the implementation of strategic energy projects and national energy security policy at the Ministry of Energy, as well as serving on the collegial bodies of strategic energy companies under the Ministry’s supervision. Currently, D. Bražiūnas is the Head of the Energy Security Group at the Ministry of Energy.

D. Bražiūnas has no shareholdings in companies of EPSO-G group.

 

Last updated: 25-04-2025