The Ministry of Energy of the Republic of Lithuania (hereinafter – the Ministry of Energy), legal entity code 302308327, address Gedimino av. 38, LT01104 Vilnius, implementing the rights and duties of shareholder of AB Klaipedos nafta, legal form public limited liability company, legal entity code 110648893, registered address Burių tr. 19, LT92276 Klaipeda, hereby announces selection of candidate for 1 (one) independent member of the Supervisory Board of AB Klaipedos nafta (hereinafter – the Company).
References:
Company’s website: www.kn.lt/en
Summary of the Company’s strategy published on the Company’s website: https://2030.kn.lt/en/
Reference to the State letter of expectations to the Company: https://www.kn.lt/uploads/files/dir92/dir4/18_0.php
Reference to the Monitoring and Forecasting Agency published information on selection: https://vkc.sipa.lt/en/kolegialus-organai/
The selection of independent Supervisory Board member is conducted according to the 17 June 2017 Resolution of the Republic of Lithuania No 631 “Regarding the approval of the description of the selection of candidates for the collegial supervisory or management body of a state or municipal enterprise, a state or municipal owned company or its subsidiary” (hereinafter – the Description). Reference to the Description: https://e-seimas.lrs.lt/portal/legalAct/lt/TAD/f0173961199a11e5bfc0854048a4e288/asr
The Supervisory Board consists of 3 members including its Chairman, 2 of which shall be independent and shall meet with the Description established criteria of independency for candidates of State-owned Enterprises members of Collegial bodies. One of the Supervisory members is delegated by Ministry of Energy of the Republic of Lithuania. The Supervisory Board is elected by General Meeting of Shareholders for the period of 4 years.
For Independent Supervisory Board member is payed a fixed remuneration of EUR 856,92 excluding VAT per month. Should the Independent Supervisory Board member be elected as a Chairman of the Supervisory Board, during the term of his office as a Chairman instead of hereinabove stipulated remuneration the Company shall pay to the Independent Supervisory Board member a fixed remuneration of EUR 1.140,59 excluding VAT per month.
The reference where the candidates may familiarize with the draft of agreement on the activities of a member of collegial body:
LT: https://www.kn.lt/uploads/files/dir104/dir5/4_0.php
EN: https://www.kn.lt/uploads/files/dir104/dir5/5_0.php
Requirements for the candidates. Candidates for independent Supervisory Board members of the Company shall meet:
| General requirements |
Nature of the requirement |
| Must have higher (university) or equivalent education; |
Mandatory |
| The candidate is not related to relations with any other natural person, legal entity, which performing independent member of collegial body duties may cause the conflict of interest |
Mandatory |
| The candidate must not be deprived or suspended the right to hold the corresponding position, in which applying, or to perform to the position assigned functions |
Mandatory |
| Over the past 5 years the candidate must not have been suspended from the single-person or collegial body of a legal entity due to improper fulfilment of his duties |
Mandatory |
| Independence requirements |
Nature of the requirement |
| The candidate must not have held the position of the member of collegial body of the Company, to which collegial body is applying, selection initiating subject‘s or for him subordinate legal entity public servant or employee and within the last one year must not have held such position |
Mandatory |
| The candidate must not have been Company‘s, to which collegial body is applying, or supervisor of related legal entity or employee and within the last one year must not have held such position and must not have received remuneration from that company or related legal entity, except for remuneration for the duties of a member of a collegial body or committee |
Mandatory |
| The candidate must not be company‘s, to which collegial body is applying, or related legal entity participant, representative of such legal entities participants |
Mandatory |
| The candidate must not have significant business relations with the company, to which collegial body is applying, or with related legal entity neither directly, nor as having such relation legal entity participant or supervisor. Having significant business relations, it is deemed to be natural person or legal entity, which income within the last 12 months is higher than 1000 EUR, expect for salary or remuneration for collegial body or member of committee position |
Mandatory |
| The candidate must not have been a partner, participant, manager, member of the collegial body or employee of the audit firm that conducts or has performed the audit of the company to which the collegial body is applying or of the related legal entity for the last two years |
Mandatory |
| The candidate must not have been company‘s, to which collegial body is applying, member of the collegial body longer than 10 years. This period shall be calculated to forthcoming position of member of the collegial body, for which the candidate would be assigned, adding the previous terms of office of a member of the collegial body of the same company, which is not more than one year apart |
Mandatory |
| The candidate must not be a member of more than three (including the company, in which collegial body applies) collegial bodies of the companies managed by the same selection initiating entity. |
Mandatory |
| Special requirements |
Nature of the requirement |
| Higher university or equivalent education in finance, economics, business management or a similar field |
Mandatory |
| At least 10 years of professional experience in financial management, consulting, financial services, auditing. |
Mandatory |
| In the past 10 years at least 5 years of leadership experience in a company, with at least 100 employees. |
Mandatory |
| At least 3 years of work experience as a member of legal entity collegial body |
Mandatory |
| Good command of English at advanced B2 level |
Mandatory |
| Advantages |
Value of the experience of advantage |
| Experience in activity quality management according to ISO standards |
5 |
| Leadership experience in international listed company |
5 |
| Experience and competence in the field of auditing and opportunity to participate in the activities of the Company‘s Audit Committee |
5 |
| Experience in internal audit, control or risk management |
5 |
| Experience in financial management, financial planning, execution, analysis, and control of legal entities |
5 |
| Competences and their relative weight that are evaluated |
Maximum value of competence |
| Experience in implementing strategic planning, organizational development or organizational change of legal entities |
10 |
| Knowledge of operating and regulatory principles of companies operating in the field of energy |
10 |
| Knowledge of corporate governance |
10 |
| Excellent leadership, teamwork, cooperation skills, communicability and clear presentation of thoughts |
10 |
| Operational risk management experience of legal entities |
10 |
| Experience in evaluation and financing of investment projects |
10 |
| Knowledge of national and regional strategic energy goals |
10 |
Selection method – interview
Candidates must submit:
- The candidate’s application for participation in the selection and the declaration of good faith according to the Description No 1;
- The candidate’s curriculum vitae (free form);
- A copy of the identity document;
- Cover letter to the selection board (free form);
- Copies of documents certifying higher education.
The deadline for the submission of documents –until 31 August 2020 (inclusive).
Submission of documents. The candidates shall submit documents to the Company in one of the following ways:
- In person. When delivering copies of documents, you must have the original documents with you.
- By mail. (registered mail or courier service) or e-mail. Copies of the documents are attached, and the original documents may be requested if the candidate is recognized as the winner of the selection.
The place of documents submission: UAB Master Class LT, address: Ž. Liauksmino str. 3, LT- 01101 Vilnius.
Contact persons:
UAB Master Class LT, the person responsible for receiving the documents – leading partner Laura Duksaitė-Iškauskienė, +370 699 37170, e-mail: [email protected]
Energy of Ministry responsible person consulting on selection execution issues –Advisor of Law and Personnel Departament Renata Adomaitytė-Šliogerienė, +370 5 203 4830 additional 2, e-mail: [email protected]
