During the intervals between shareholder meetings, the interests of the shareholder of AS ‘Augstsprieguma tīkls’ (AST) are represented by the AST Supervisory Board, which uses carefully selected and effective management tools to supervise the activities of the AST management board and ensure that the value of the company increases.
The number of AST Supervisory Board members is determined by the Cabinet of Ministers, in accordance with the indicators showing the size of AST. The term of office of AST Supervisory Board members is determined by applicable binding laws and regulations.
The Supervisory Board participates in the strategic development of AST and supervises its finance and risk management system. The key principles for the operation of the Supervisory Board, and its main tasks, duties, and responsibilities, are governed by laws, the AST articles of association, and the bylaws of the Supervisory Board.
The AST Supervisory Board fulfils its duties and adopts decisions in a fair and objective manner, in compliance with laws and regulations, and the actions of the Supervisory Board comply with the highest standards of professional practice and ethics.
The salaries of the chairman and members of the AST Supervisory Board are 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 basis, including recommendations from the guidelines issued by the Cross-Sectoral Coordination Centre. The applicable laws and regulations set up a uniform framework for determining the remuneration of the Supervisory Board chairman and Supervisory Board members.
Authorisation agreements are concluded with the AST Supervisory Board chairman and Supervisory Board members, and they are not subject to the provisions of the AST collective bargaining agreement.
The AST Supervisory Board chairman and Supervisory Board members are not paid any bonuses, and they do not receive any retirement benefits or other compensations of any kind.
Four members of the AST Supervisory Board were appointed by the decision of the 30 December 2019 extraordinary AST shareholder meeting: Kaspars Āboliņš, Armands Eberhards, Madara Melne, and Aigars Ģērmanis. In view of prior performance of Supervisory Board member Olga Bogdanova, the shareholder meeting decided to extend her term in office.
Madara Melne, a member of the Supervisory Board and the Audit Committee has resigned as of 26 January 2022. The Supervisory Board shall continue to serve with four members until the election of a new member. The Cross-Sectoral Coordination Centre of Latvia will hold an open competition for the vacant position.
The term of office of the elected Supervisory Board members will expire on 30 December 2024.
Work experience
|
2019 — Present |
AS ‘Augstsprieguma tīkls’, Chairman of the Supervisory Board |
|
2018 — 2020 |
AS Conexus Baltic Grid, council chairman |
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2016 — 2018 |
‘Ziemeļu Investīciju banka’, chairman of the board of directors (as part of a rotation procedure) |
|
2015 — Present |
AS Air Baltic Corporation, council member |
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2014 |
AS ‘Attīstības finanšu institūcija’, restructuring manager |
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2013 — 2015 |
AS Reverta, council member |
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2012 |
VAS ‘Valsts nekustamie īpašumi’, board chairman |
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2011 — 2019 |
‘Ziemeļu Investīciju banka’, board member |
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2008 — 2010 |
AS ‘Parex banka’, council member |
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2008 — 2011 |
‘Ziemeļu Investīciju banka’, deputy board member |
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2006 — Present |
‘Valsts kase’, manager |
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2003 — 2010 |
SIA BO ‘Ziemeļvidzemes atkritumu apsaimniekošanas organizācija’, council member |
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2001 — 2006 |
Ministry of Finance of the Republic of Latvia, Ugāle Parish financial stabilisation procedure supervisor |
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2000 — 2002 |
Ministry of Finance of the Republic of Latvia, chairman of the Municipal Lending and Collateral Control and Supervision Council |
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1997 — 2000 |
Ministry of Finance of the Republic of Latvia, member of the Municipal Lending and Collateral Control and Supervision Council |
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1999 — 2001 |
Ministry of Finance of the Republic of Latvia, head of the Municipal Financial Stabilisation Control and Supervision Council |
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1997 — 2006 |
‘Valsts kase’, head of the Financial Risk Management Department |
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1996 — 1997 |
Ministry of Finance of the Republic of Latvia, head of the Loan Forecasting and Analysis Section, External Debt Management Department |
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1994 — 1996 |
Ministry of Finance of the Republic of Latvia, senior expert of the Loan Forecasting and Analysis Section, External Debt Management Department |
Education
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1996 — 1999 |
University of Latvia, Faculty of Economics and Management, Master’s degree in Social Sciences and Company Management |
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1992 — 1996 |
University of Latvia, Faculty of Economics and Management, Bachelor’s degree in Business Management |
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1981 — 1992 |
Secondary education at Riga Secondary School No 58 |
Term of office: 30.12.2024.
Kaspars Āboliņš was elected in accordance with the Law on Governance of Capital Shares of a Public Person and Capital Companies, and Cabinet Regulation 686 ‘Procedure according to which Supervisory Board and board member candidates are nominated in companies, in which the state has the right, as a shareholder, to nominate Supervisory Board and board member candidates, namely, state-owned companies that have a Supervisory Board’ issued in 2015, on the basis of that law, as a Supervisory Board member affiliated with a shareholder.
Work experience
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2019 — Present |
AS ‘Augstsprieguma tīkls’, deputy Chairman of the Supervisory Board |
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2016 — 2019 |
AS ‘Augstsprieguma tīkls’, member of the Supervisory Board |
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2018 — Present |
Ministry of Finance of the Republic of Latvia, head of the Tax Administration and Public Interest Policy Department |
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2018 — Present |
World Energy Council, expert, participant in the Future Energy Leadership project |
| 2021 — Present | World Energy Council, Chairperson of the Management Team of the Future Energy Leaders Programme in Latvia |
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2017 — Present |
Latvian Science Council, expert |
| 2021 — Present |
University of Latvia, Associate Professor at Faculty of Business, Management and Economics |
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2016 — 2018 |
Ministry of Economics of the Republic of Latvia, head of the Energy Market and Infrastructure Department |
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2016 — 2022 |
Riga Technical University, lecturer at the International Business and Customs Institute of the Faculty of Engineering Economics and Management |
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2016 |
Ministry of Economics of the Republic of Latvia, acting deputy state secretary in energy affairs |
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2014 — 2016 |
Ministry of Economics of the Republic of Latvia, deputy head of the Energy Market and Infrastructure Department, head of the Energy Market Section |
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2013 — 2014 |
Ministry of Economics of the Republic of Latvia, head of the Energy Market and Infrastructure Section |
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2010 — 2013 |
Ministry of Economics of the Republic of Latvia, senior consultant at the EU Commodity and Service Market Section, Internal Market Department (reorganised section deputy head position, with additional deputy head duties) |
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2006 — 2010 |
Ministry of Economics of the Republic of Latvia, deputy head of the EU Commodity and Service Market Section, Internal Market Department |
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2006 |
Ministry of Economics of the Republic of Latvia, senior consultant at the EU Commodity and Service Market Section, Internal Market Department |
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2005 |
Ministry of Economics of the Republic of Latvia, senior consultant of the Section for EU Affairs administration, Department of International Economics |
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2005 — 2014 |
Riga Technical University, guest lecturer at the International Business and Customs Institute of the Faculty of Engineering Economics and Management |
Education
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2007 — 2012 |
Riga Technical University, doctoral degree in Economics at the International Business and Customs Institute of the Faculty of Engineering Economics and Management |
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2003 — 2006 |
Riga Technical University, master’s degree in Management Science, Management of International Economics (with honours) |
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2004 — 2005 |
Pforzheim Fachhochschule, Germany, International Management Programme, advanced vocational training diploma |
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2003 — 2006 |
Riga Technical University, Institute of Humanities, additional studies in Teaching Science, with a speciality in teaching engineering subjects |
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2000 — 2003 |
Riga Technical University, bachelor’s degree in Management Science, Management of International Economics (with honours) |
Term of office: 30.12.2024.
Olga Bogdanova was elected in accordance with the Law on Governance of Capital Shares of a Public Person and Capital Companies, and Cabinet Regulation 686 ‘Procedure according to which Supervisory Board and board member candidates are nominated in companies, in which the state has the right, as a shareholder, to nominate Supervisory Board and board member candidates, namely, state-owned companies that have a Supervisory Board’ issued in 2015, on the basis of that law, as a Supervisory Board member affiliated with a shareholder.
Work experience
|
2019 — Present |
AS ‘Augstsprieguma tīkls’, member of the Supervisory Board |
|
2019 — Present |
European Investment Fund (EIB group) (Luxembourg), deputy director, board of directors (alternate director) |
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2011 — Present |
Ministry of Finance, deputy state secretary for ESSFKF affairs |
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2014 — Present |
European Investment Bank (Luxembourg), director/board member |
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2018 |
OECD/SIGMA (Melnkalne), consultant |
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2011 — 2012 |
AS ‘Hipotēku un zemes banka’, deputy council chairman |
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2004 — 2011 |
Central Finance and Agreement Agency, director |
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2010 — 2012 |
Hulla&Co. Hyman Dynamics TTSIB EuropeAid/ 130480/C/SER/MD; ECO 3, BE SATTO Project, Contract 200-049 (Moldova, Armenia), consultant |
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1998 — 2004 |
Central Finance and Contract Unit, director |
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1995 — 1998 |
Ministry of Finance, head of the International Aid Coordination Department |
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1994 — 1995 |
Ministry of Finance, head of the International Aid Coordination Section |
Education
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2005 — 2006 |
London School of Economics and Political Science (LSE) (UK), MSc Politics of the World Eco (Merit) |
|
1998 — 1999 |
EHSAL Management School (Belgium), International MBA (Cum Laude) |
|
1993 — 1994 |
University of Latvia, master’s degree in Environmental Studies and Management |
|
1990 — 1994 |
University of Latvia, bachelor’s degree in Environmental Studies |
Term of office: 30.12.2024.
Armands Eberhards was elected in accordance with the Law on Governance of Capital Shares of a Public Person and Capital Companies, and Cabinet Regulation 686 ‘Procedure according to which Supervisory Board and board member candidates are nominated in companies, in which the state has the right, as a shareholder, to nominate Supervisory Board and board member candidates, namely, state-owned companies that have a Supervisory Board’ issued in 2015, on the basis of that law, as a Supervisory Board member affiliated with a shareholder.
Work experience
|
2019 — Present |
AS ‘Augstsprieguma tīkls’, member of the Supervisory Board |
| 2021 — Present | SIA 'Rīgas meži', Deputy Chairman of the Supervisory Board |
|
2010 — Present |
SIA DPMC Baltic, board chairman |
|
2018 — 2019 |
IMMER GROUP (Ukraine), development director |
|
2014 — 2018 |
AMBER BEVERAGE GROUP, board member, commercial director |
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2009 — 2013 |
SANITEX GROUP (Latvia / Estonia), board chairman |
|
2004 — 2009 |
PROCTER & GAMBLE Marketing Latvia (Responsibility for the Baltic Market), board chairman |
Education
|
1998 — 2000 |
University of Latvia, master’s degree in Management Science |
|
1993 — 1997 |
University of Latvia, bachelor’s degree in Business Management |
Term of office: 30.12.2024.
Aigars Ģērmanis was elected in accordance with the Law on Governance of Capital Shares of a Public Person and Capital Companies, and Cabinet Regulation 686 ‘Procedure according to which Supervisory Board and board member candidates are nominated in companies, in which the state has the right, as a shareholder, to nominate Supervisory Board and board member candidates, namely, state-owned companies that have a Supervisory Board’ issued in 2015, on the basis of that law, as an unaffiliated Supervisory Board member.
AS ‘Augstsprieguma tīkls’ Supervisory Board regulations.
Amended and new version approved at the 26 November 2021 meeting of the AS ‘Augstsprieguma tīkls’ Supervisory Board.