Since 1 January 2026, the Management Board of AS "Augstsprieguma tīkls" (hereinafter also – AST) has consisted of four members, who are elected by the Supervisory Board of AST for a five-year term. The Management Board performs its functions in accordance with the Articles of Association of AST, the Rules of Procedure of the Management Board, the Law on Governance of Capital Shares of a Public Person and Capital Companies, the Commercial Law, and other regulatory enactments binding on AST.
The remuneration of the members of the Management Board, including monthly remuneration, bonuses and severance compensation upon removal from office, is determined in accordance with the Law on Governance of Capital Shares of a Public Person and Capital Companies and the Cabinet Regulations issued on its basis1, as well as the guidelines issued by the coordination institution. The remuneration policy of the Management Board is included in AST’s Corporate Governance Policy. Authorisation agreements are concluded with the members of the Management Board, and the provisions of the collective labour agreement do not apply to them.
The amount of the monthly remuneration of the Chairperson of the Management Board is linked to the average monthly gross wage of employees in the country in the previous year, as published in the official statistical release of the Central Statistical Bureau of the Republic of Latvia, to which a coefficient is applied. This coefficient is determined according to the classification of the capital company by size – turnover, assets and number of employees – as well as by groups according to sources of financing. The maximum coefficient for determining the monthly remuneration of the Chairperson of the Management Board is 10. The monthly remuneration of a member of the Management Board may not exceed 75% of the monthly remuneration of the Chairperson of the Management Board.
Once a year, after approval of the annual report, the Supervisory Board may decide on the payment of a bonus to the members of the Management Board. When deciding on the granting of a bonus to the Management Board, the Supervisory Board assesses AST’s performance in the previous reporting year, the implementation of the strategy and the financial and non-financial targets set for the capital company, as well as the achievement of the individual targets set for the respective member of the Management Board. The bonus may not exceed the amount of two months’ remuneration of the member of the Management Board.
The authorisation agreements concluded with the members of the Management Board provide for the possibility for a member of the Management Board to receive severance compensation upon removal from office if they are removed before the expiry of their term of office, including in the event of reorganisation or liquidation, and if the reason for removal is not related to a breach of mandate, failure to perform duties or improper performance of duties, inability to manage the capital company, causing harm to the interests of the company, or a vote of no confidence by the Supervisory Board. If, following a comprehensive inspection, an opinion is received from the law enforcement authorities of the Republic of Latvia stating that the member of the Management Board does not meet the requirements of Section 9 of the law “On Official Secrets”, i.e. the authorised person is denied access to confidential, secret or top secret official secret objects, the authorised person is removed from the position of member of the Management Board and, in such case, severance compensation is not paid.
The members of the Management Board of AST do not hold shares in AS "Augstsprieguma tīkls" or AS "Conexus Baltic Grid".
In accordance with the decision of the Supervisory Board of AST of 2 April 2026, the monthly remuneration of the Chairperson of the Management Board of AST, Rolands Irklis, has been set at EUR 11,439; the monthly remuneration of the member of the Management Board for system operation, Gatis Junghāns, at EUR 8,579; and the monthly remuneration of the member of the Management Board for development at EUR 8,579 from 15 July 2026. Currently, the monthly remuneration of the member of the Management Board, Arnis Daugulis, is EUR 10,000. The monthly remuneration of the member of the Management Board for operation, Imants Zviedris, is not currently being reviewed and is maintained in accordance with the concluded authorisation agreement, i.e. EUR 10,000.
Remuneration paid to the members of the Management Board of AS "Augstsprieguma tīkls", EUR
| R. Irklis | I. Zviedris | G. Junghāns | A. Daugulis | I. Znotiņa | |
|---|---|---|---|---|---|
| 2025 | 156,153 | 140,023 | 140,038 | 140,023 | 168,372 |
| 2024 | 133,815 | 140,015 | 140,015 | 140,015 | 110,015 |
Information on the remuneration of the Management Board of AST in previous periods is available in AST’s Sustainability Reports.
1 Cabinet Regulation No. 392 of 25 June 2025, “Procedure for Determining the Number and Remuneration of Members of Management Boards and Supervisory Boards in the Case of Management of Capital Shares of a Public Person”. ↩
2 In accordance with Paragraph 41 of Cabinet Regulation No. 392 of 25 June 2025, “Procedure for Determining the Number and Remuneration of Members of Management Boards and Supervisory Boards in the Case of Management of Capital Shares of a Public Person”. ↩