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.
To further enhance the efficiency of Latvia’s transmission system operator JSC “Augstsprieguma tīkls” (AST), its shareholder – the Ministry of Climate and Energy – 27.12.2024 has decided to further reduce the number of supervisory board members. While AST’s statutes permit a five-member supervisory board, the current four-member structure has proven effective in overseeing the management board’s activities. Starting in 2025, the supervisory board will be reduced to three members.
In addition to reducing the number of supervisory board members, and in line with good governance principles, the shareholder has decided to hold an open competition for the vacant supervisory board positions. During the competition process, Līga Rozentāle will temporarily serve on the supervisory board. To ensure the continuity of energy sector expertise and experience, as well as the effective strategic oversight of AST, Olga Bogdanova has been re-elected for a new term of office in accordance with applicable law*.
Once the amendments to the law “On the Prevention of Conflicts of Interest in Activities of Public Officials” come into force, the requirement to comply with these amendments until August 31, 2025 will be introduced, ensuring effective corporate governance of the company.
* The law “On the Prevention of Conflicts of Interest in Activities of Public Officials” (Par interešu konflikta novēršanu valsts amatpersonu darbībā").
Work experience
|
2025 — Present |
AS ‘Augstsprieguma tīkls’, Chairperson of the Supervisory Board |
|
2024 — Present |
Ministry of Climate and Energy, deputy State Secretary for International and Climate Policy Affairs |
|
2019 — 2024 |
AS ‘Augstsprieguma tīkls’, deputy Chairman of the Supervisory Board |
|
2016 — 2019 |
AS ‘Augstsprieguma tīkls’, member of the Supervisory Board |
| 2023 — 2024 | Ministry of Finance of the Republic of Latvia, deputy State Secretary on tax administration policy and shadow aconomy issues |
| 2023 — Present | Association "Latvian National Committee of the World Energy Council", President |
|
2018 — 2024 |
Ministry of Finance of the Republic of Latvia, head of the Tax Administration and Public Interest Policy Department |
|
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 |
|
2017 — Present |
Latvian Science Council, expert |
| 2021 — Present |
University of Latvia, Associate Professor at Faculty of Business, Management and Economics |
|
2016 — 2018 |
Ministry of Economics of the Republic of Latvia, head of the Energy Market and Infrastructure Department |
|
2016 — 2022 |
Riga Technical University, lecturer at the International Business and Customs Institute of the Faculty of Engineering Economics and Management |
|
2016 |
Ministry of Economics of the Republic of Latvia, acting deputy state secretary in energy affairs |
|
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 |
|
2013 — 2014 |
Ministry of Economics of the Republic of Latvia, head of the Energy Market and Infrastructure Section |
|
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) |
|
2006 — 2010 |
Ministry of Economics of the Republic of Latvia, deputy head of the EU Commodity and Service Market Section, Internal Market Department |
|
2006 |
Ministry of Economics of the Republic of Latvia, senior consultant at the EU Commodity and Service Market Section, Internal Market Department |
|
2005 |
Ministry of Economics of the Republic of Latvia, senior consultant of the Section for EU Affairs administration, Department of International Economics |
|
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 |
|
2003 — 2006 |
Riga Technical University, master’s degree in Management Science, Management of International Economics (with honours) |
|
2004 — 2005 |
Pforzheim Fachhochschule, Germany, International Management Programme, advanced vocational training diploma |
|
2003 — 2006 |
Riga Technical University, Institute of Humanities, additional studies in Teaching Science, with a speciality in teaching engineering subjects |
|
2000 — 2003 |
Riga Technical University, bachelor’s degree in Management Science, Management of International Economics (with honours) |
Term of office: 30.12.2029.
Work experience
|
2025 – present |
AS 'Augstsprieguma tīkls', Deputy Chairperson of the Supervisory Board |
|
2023 – present |
Deputy State Secretary at the Ministry of Climate and Energy |
|
2024 – present |
Latvian representative on the Board of the International Energy Agency |
|
2023 – present |
Member of the Latvian National Committee of the World Energy Council |
|
2023 – present |
Deputy Chairperson of the Advisory Council of the Public Utilities Commission |
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2022 – present |
Member of the Advisory Board of Riga Technical University |
|
2022 – present |
Associate Professor of Riga Technical University |
|
2022 – 2023 |
Director of the Energy Market and Infrastructure Department of the Ministry of Economics |
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2018 –2022 |
Deputy Director of the Energy Market and Infrastructure Department, Ministry of Economics |
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2017 – 2018 |
Deputy Head of the Electricity Market and Infrastructure Division, Ministry of Economics |
|
2016 – 2017 |
Senior Officer, Electricity Market and Infrastructure Division, Ministry of Economics |
|
2014 – 2016 |
Senior Officer, EU Affairs Division, Ministry of Economics |
|
2012 – 2012 |
Assistant to a Member of the European Parliament |
Education
|
2018 – 2022 |
Riga Technical University, PhD in Environmental Engineering |
|
2016 – 2018 |
Riga Technical University / Vilnius Gediminas Technical University, Double Master’s Degree in Environmental Engineering |
|
2013 – 2014 |
KU Leuven (Belgium), Master’s Degree in European Studies |
|
2009 – 2013 |
Riga Technical University, Bachelor's degree, International Economics |
Term of office: from December 31, 2024 until the day when candidates for work on the Supervisory Board of AS "Augstsprieguma tīkls" have been nominated in accordance with the procedures of Articles 31 and 108 of the Law on the Management of Capital Shares of Public Persons and Capital Companies and a decision has been made on the election of these candidates to the Supervisory Board of AS "Augstsprieguma tīkls"
AS ‘Augstsprieguma tīkls’ Supervisory Board regulations.
Amended and new version approved at the 26 November 2021 meeting of the AS ‘Augstsprieguma tīkls’ Supervisory Board.