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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.

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 

Statute of EPSO-G audit committee
 

 

Gediminas Šiušas

Chairman of Audit Committee

Gediminas Šiušas on Linked In

G. Šiušas has no sharegoldings in EPSO-G group.

 

 

Robertas Vyšniauskas

Independent member

Robertas Vyšniauskas on Linked In 

R. Vyšniauskas  has no shareholdings in EPSO-G group.

 

Gediminas Karalius

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.

 

Last updated: 28-06-2019