The search for independent members of the Board of Directors of UAB LTG Kompetencijų centras, a group company of AB Lietuvos Geležinkeliai, is announced

LTG Kompetencijų centras UAB is an LTG Group company providing shared services within the Group. The company brings together activities, functions or parts thereof that enable and support Business Operations, operating efficiently and ensuring synergies between different levels of the organisation. “The LTG Competence Centre brings together experts with a high level of expertise in the areas of procurement, IT, HR, accounting, security, legal, asset management. The Centre has more than 500 professionals.

AB Lietuvos geležinkeliai announces a selection procedure for 2 independent members of the Board of Directors of its subsidiary UAB LTG Kompetencijų centras.

Areas of competence of independent board members:

1. Organisation development and change management
2. Strategic planning and performance management

AB Lietuvos geležinkeliai website: https: //ltg.lt/

Strategy of AB Lietuvos geležinkeliai: https: //ltg.lt/apie-mus/strategija/

AB Lietuvos geležinkeliai performance: https: //ltg.lt/apie-mus/veiklos-rezultatai/

Letter of Expectations AB Lietuvos geležinkeliai

The Company’s Board of Directors is composed of 3 members, elected for a 4-year term of office. In order to ensure good governance practices, adequate representation of shareholder interests and the added value of the competences of the independent members, the members of the Board shall be selected in the following composition: 1 member of the Board shall be delegated by the parent company and 2 members of the Board shall be independent.

The provisional start date for Board members is 1 April 2025.

The recruitment agency involved in the selection process is UAB Master Class LT.

Online link from the Governance Coordination Centre on selections made by LDCs:
https://governance.lt/kolegialus-organai/#nariu-atrankos

Resolution of the Government of the Republic of Lithuania No.631 of 17 June 2015, approved the Selection of Candidates for the Collegial Supervisory or Management Body of a State or Municipal Enterprise, a State or Municipally Owned Company or its Subsidiary (hereinafter – the “Selection Description”), which is the basis for the selection process:
https://www.e-tar.lt/portal/lt/legalAct/0bf2e080199b11e58569be21ff080a8c/asr

The selection will be carried out by a selection commission established by order of the Director General of Lietuvos geležinkeliai AB. The selection committee shall be composed of five members – one representative proposed by the head of the institution representing the State, three representatives of the parent State-owned company and one representative of the Public Enterprise Management Coordination Centre.

Selection method: interview

Candidates for the position of independent members of the Board of Directors of the Company must meet the following general and specific requirements and independence criteria:

1. General requirements:

1.1. have a university degree or equivalent;

1.2. not be disqualified from holding and performing the duties or functions of the office applied for;

1.3. the candidate must not have been removed from a single-person or collegiate body of the legal person for misconduct within the last 5 years;

1.4. be of impeccable repute;

1.5. be free from any relationship with other natural or legal persons which might give rise to a conflict of interests in the performance of his/her duties.

2. Specific requirements:

2.1. Very good English language skills (written and oral);

2.2. Experience of delivering strategic objectives and sustainable corporate value;

2.3. knowledge of corporate governance principles and good corporate governance knowledge and experience;

2.4. excellent leadership, teamwork and stakeholder engagement skills.

3. Specific requirements applicable to areas of competence:

3.1. Organisation development and change management

3.1.1. at least 5 years’ experience in a managerial position (as a company manager, as a member of a management or supervisory collegiate body, or as a member of a senior manager reporting directly to the company manager);

3.1.2. hands-on experience in corporate strategic planning, organisational transformation and change management;

3.1.3. experience of developing an organisation and its culture;

3.1.4. know-how in digitisation, innovation, efficiency solutions;

3.1.5. know-how on improving the customer experience and implementing a customer-centric working culture.

3.2. Strategic planning and performance management

3.2.1. at least 5 years’ experience in a managerial position (as a company manager, as a member of a management or supervisory collegiate body, or as a member of a senior manager reporting directly to the company manager);

3.2.2. know-how on improving the customer experience and implementing a customer-centric working culture;

3.2.3. experience in internal control or risk management;

3.2.4. at least 5 years of management experience in service delivery, operational efficiency, manufacturing, finance or consulting;

3.2.5. Practical experience in financial management and analysis;

3.2.6. experience of working in collegiate supervisory and management bodies.

4. Independence criteria:

4.1. must not be a civil servant or employee of the private limited liability company LTG Kompetencijų centras or of the parent company and of a related legal entity of which the companies referred to in this point are participants, shareholders or founders (hereinafter referred to as the related legal entity), of the entity initiating the selection process, or of the legal entity subordinated to it, and must not have held such a position for the last one year;

4.2. must not be a member, manager, employee or shareholder of a collegial body of the private limited liability company LTG Kompetencijų centras or of the parent company or of a related legal entity of which the companies referred to in this point are participants, shareholders or founders (hereinafter referred to as “related legal entities”), and must not, during the last one year, have held any such position and have not received any remuneration, other than for the duties of a collegiate body or committee member, from such legal entities;

4.3. not have been a participant of the private limited liability company “LTG Kompetencijų centras” or of the parent company or a related legal person, or a representative of participants of these legal persons, for the last one year;

4.4. must not be a close relative of a participant, manager or member of the collegial bodies of the private limited liability company LTG Kompetencijų centras or of the parent company or of a related legal entity – spouse, cohabitant, partner where the partnership has been registered in accordance with the procedure laid down by law, as well as of their parents (adoptive parents), children (adoptive children), brothers (step-brothers), sisters (in-laws), grandparents, grandchildren, and of their spouse, cohabitant or partner;

4.5. have no significant business relationship with LTG Kompetencijų cetras, a private limited liability company, or with its parent company, or with a related legal entity, either directly or as a participant, member of a collegial body, or manager of a legal entity with such a relationship. A natural or legal person who is a supplier of goods or services (including financial, legal, advisory and consultancy services) and whose income from LTG Kompetencijų Cetras or the legal persons referred to in this point over the last 12 months exceeds EUR 1 000, excluding remuneration for activities as a member of a collegial body or a committee of a collegial body, shall be considered to have significant business ties;

4.6. not have been a partner, participant, manager, member of a collegial body or employee of an audit firm that audits or has audited LTG Kompetencijų centras or a parent company or a related legal entity for the last 2 years;

4.7. has not been a member of a collegiate body of the private limited liability company LTG Kompetencijų centras or its parent company for more than 10 years. This period shall be calculated by adding to the term of office of the future member of the collegiate body for which the candidate would be appointed the previous terms of office as a member of the collegiate body of the same undertaking, with a maximum of one year in between;

4.8. not be a member of more than three collegiate bodies of state- and municipally-owned companies.

Documents candidates must submit:

1. Annex 1_KC_Application for selection;
2. Annex 2_KC_Consent to the processing of personal data;
3. CV;
4. a copy of your identity document
5. cover letter to the selection panel.

At the request of the selection panel and/or the selection agency, representatives of UAB Master Class LT may be asked to provide additional documents proving compliance with the general and specific requirements and the independence criteria.

Candidates must submit their documents to the selection agency Master Class LT UAB by 10 January 2025 inclusive.

Candidates must submit their documents to the selection agency Master Class LT UAB by e-mail, certified by secure electronic signatures with qualified electronic signature certificates.

Contact persons for Master Class LT UAB:

Laura Žiaubrienė, Executive Search Consultant

laura.ziaubriene@masterclass.lt, tel. +370 (670) 33351.

Substitute person – Laura Duksaitė-Iškauskienė, Head

laura@masterclass.lt, tel. +370 (699) 37170.

Contact persons of AB Lietuvos geležinkeliai:

Monika Čereškienė, Talent Acquisition Manager,

monika.cereskiene@ltg.lt, tel. +370 (618) 09290, Pelesos g 10, Vilnius.

Substitute Irena Jankutė-Balkūnė, Director of People and Culture,

irena.jankute-balkune@ltg.lt, tel. + 370 (616) 18841, Pelesos g 10, Vilnius.

Annexes:
1. Annex 1_KC_Application for selection
2. Annex 2_KC_Consent to the processing of personal data
3. Draft contract of service as a member of the Management Board (possible amendments to the provisions of the contract, taking into account the legal requirements in force at the time of signature of the contract; the final version will be communicated after the decision to elect the candidate as a member of the Management Board; the remuneration of the independent member of the Management Board for his/her activities as a member of the Management Board will be set out in the contract of service in accordance with the legal requirements in force at the time of the conclusion of the contract of service).