Interest management policy
- the principles governing the management of interests and the resolution of potential conflicts of interest;
- requirements for the system for declaring interests;
- the independence criteria applicable to members of collegial management and supervisory bodies.
Treasury and financial risk management policy
The Treasury and Financial Risk Management Policy sets out uniform principles for treasury and financial risk management to minimise the likelihood and impact of risks and to ensure that financial resources are managed effectively.
Corporate Governance Policy
- the corporate governance principles applied within the group of companies;
- the group’s corporate governance framework;
- UAB ‘EPSO-G’ as the parent company and the interaction between it and other companies in the group.
Anti-corruption policy
The purpose of the Policy is to set out the main principles and requirements for the prevention of corruption in the UAB EPSO-G Group and guidelines for ensuring compliance with them, the implementation of which creates the conditions and conditions for the implementation of the highest standards of transparent business conduct at the Group level.
Aid and humanitarian aid policy
The EPSO-G Group’s Aid and Humanitarian Aid Policy sets out the key principles, essential criteria and requirements for the transparency and openness of the aid and/or humanitarian aid provided.
Risk management policy
The Risk Management Policy is a tool to introduce a unified risk management system in the UAB EPSO-G Group in accordance with the COSO ERM standards, which are used in international practice, and which define the principles and responsibilities for identifying, assessing, managing and managing risks.
Transport policy
The Transport Policy sets uniform guidelines for the use of vehicles in the Group’s companies, based on the principles of cost savings, transparency and efficiency.
Information technology and telecommunications management policy
The aim of the policy is to ensure uniform, efficient and effective management of the ITT of the EPSO-G group of companies, linked to operational objectives and consistent with a high level of maturity.
Remuneration, performance appraisal and development policies
“At EPSO-G, we are building an open, progressive and sustainable organisation, with a professional partnership between employer and employee, where everyone has the opportunity for self-development, grows with the organisation and is able to take responsibility for their decisions and actions.
Personal data protection policy
The aim of this policy is to ensure consistent personal data protection within the UAB ‘EPSO-G’ group of companies, in line with best practice, by establishing the principles, definitions and key provisions relating to personal data protection as used in this policy and in other documents governing personal data protection.
Code of Ethics
It is intended to establish uniform general guidelines for the conduct of UAB EPSO-G Group companies (the “Group”) in dealing and cooperating with internal and external stakeholders or groups of stakeholders, as appropriate behaviour by each employee enhances the reputation and value of the Company, as well as of the Group as a whole.
Guidelines for research and experimental development and innovation activities
The aim is to ensure, through research, innovation and new solutions, the continuity and efficiency of the activities of the companies in the EPSO-G UAB Group, to ensure competitiveness or to create conditions for competition, to make a significant contribution to the implementation of the national strategy for energy independence, and to create added value for society.
Purchasing policy
The aim of the policy is to establish common guiding principles for the strategic planning, coordination, execution and control of procurement contracts within the EPSO-G Group of companies.
Dividend policy
The aim of the policy is to set clear guidelines for the expected return on equity for existing and potential shareholders, ensuring sustainable value growth and development of strategic projects for the UAB EPSO-G Group and its constituent companies, thus consistently strengthening confidence in the Transmission and Exchange Group.
Selection Policy
The aim of the policy is to establish common principles and practices for the selection of the Group’s companies in order to transparently select the best candidates with the right qualifications, skills, experience and values for governing bodies, management and staff positions at all levels, who will effectively contribute to the achievement of the objectives of the individual companies and of the Group.
Integrated planning and monitoring policy
The companies in the ‘EPSO-G’ group carry out projects that are important to the people and businesses of Lithuania. Ensuring their success requires a coherent strategy, investment and operational plans, and appropriate risk management and control.
Compliance management policy
The aim of the Policy is to establish and maintain a unified Compliance Management System within the EPSO-G Group of companies to protect the companies of the EPSO-G Group of companies from financial or reputational damage that may result from non-compliance with the Internal and External Requirements, to manage the risks of non-compliance and to minimise the likelihood of their impact and/or occurrence, and to encourage all the companies in the EPSO-G Group to comply with Internal and External Requirements.
Environmental policy
The purpose of the Policy is to define the environmental principles that are applied within the Group in order to minimise the environmental impact of its activities and to establish a culture based on sustainable development principles within the Group and its environment.
Occupational safety and health policy
The aim of the policy is to define the Group’s general principles of occupational safety and health and the guidelines for their implementation.To ensure the health of employees in the workplace, and to create a healthy, safe and productive working environment.
Sustainability policy
The policy aims to achieve a transformation of the energy sector that strikes a balance between environmental, social and economic objectives, thereby contributing to a climate-neutral economy.
Equal opportunities policy
- the principles governing the management of interests and the resolution of potential conflicts of interest;
- requirements for the system for declaring interests;
- the independence criteria applicable to members of collegial management and supervisory bodies.
Share sale policy
6 June 2012 Paragraph 77.2 of the Description of Procedures for the Exercise of the State’s Property and Non-Property Rights in State-Owned Enterprises (hereinafter referred to as the “Ownership Guidelines”), approved by Government Resolution No.665, stipulates that “share managers shall seek, and where the number of votes held permits, shall ensure that the state-owned company: establishes the procedures for the conclusion of transactions for the sale of the state-owned company’s immovable assets and the sale of the shares of the subsidiaries of the state-owned company, and shall make the information about them publicly available on the state-owned company’s website“.
In accordance with the requirement set out in the Equity Guidelines, the Board of Directors of EPSO-G UAB has adopted a policy on the sale of shares of the EPSO-G UAB Group, the main purpose of which is to establish uniform principles for the sale of shares of the Group’s subsidiaries and/or subsidiaries of a lower tier, other than those listed on a stock exchange.
Policy on Material Terms of Transactions
- to establish standardised terms and conditions for material transactions, to be approved by the Group’s Management Board and/or General Meeting, where the Company’s Articles of Association or legislation require corporate decisions to be taken in relation to the conclusion of a specific transaction;
- To establish uniform rules and principles for the identification of Transactions within the Group, ensuring that the Board and/or the General Meeting are consulted in good time regarding the conclusion of the relevant Transaction and that all information necessary for the adoption of a resolution is provided;
- to ensure the clarity and consistency of decisions taken by the Management Board and/or the General Meeting of the Group’s companies regarding the conclusion of transactions.
Information Security Policy
The purpose of this policy is to define the main information security objectives, management principles, and responsibilities within EPSO-G group, ensuring the continuous suitability and compliance of the information security management system with the Group’s strategic goals, as well as its effectiveness and continuity in accordance with operational, legal, regulatory, and contractual requirements.
Partner Code Of Ethics
EPSO-G Group companies are responsible for the smooth implementation of strategic energy projects of significance to the state of Lithuania, following the highest standards of environmental protection, business ethics, transparency, and occupational health and safety. In order to achieve greater progress in the field of sustainability, the EPSO-G Group encourages all its partners not only to comply with the law, but also to follow the principles set out in the EPSO-G Group Partner Code of Ethics, which will form the basis for constructive cooperation.
Transparency and communication policy
The main objective of this policy is to ensure that the information published by the UAB “EPSO-G” group of companies complies with the legislation of the Republic of Lithuania and with the principles of operational transparency, openness and accountability recognised under good governance practice.