Independent member of the Audit and Risk Committee
Part-time
Additional work
Vilnius
- Registrų Centras, VĮ
Basic information:
The State Enterprise Centre of Registers (registered company number 124110246) (hereinafter referred to as the company) announces the selection of candidates for the positions of members of the Audit and Risk Committee of the company. Two candidates will be selected who meet the general and specific requirements and independence criteria specified below.
Company website address: www.registrucentras.lt/
Company strategy: ses-content.registrucentras.lt/uploads/Registru_centro_2026_2029_m_veiklos_strategija_329c49c0c6.pdf
Information about the company on the website of the Governance Coordination Centre:
governance.lt/vvi/registru-centras/
Selection method – assessment of documents submitted by candidates and interview with the selection committee.
Term – The Audit and Risk Committee is established for a period of no longer than four years, as determined by the Board’s decision, but not longer than until the end of the term of office of the Board that established it. The end of the Board’s term of office is April 14, 2030.
The Audit and Risk Committee is an advisory body to the Board, overseeing:
More information about the functions of the committee, the rights and obligations of members is provided in the Audit and Risk Committee’s operating regulations (ses-content.registrucentras.lt/uploads/Valstybes_imones_Audito_ir_riziku_komiteto_veiklos_nuostatai_ec8b994e81.pdf)
Company website address: www.registrucentras.lt/
Company strategy: ses-content.registrucentras.lt/uploads/Registru_centro_2026_2029_m_veiklos_strategija_329c49c0c6.pdf
Information about the company on the website of the Governance Coordination Centre:
governance.lt/vvi/registru-centras/
Selection method – assessment of documents submitted by candidates and interview with the selection committee.
Term – The Audit and Risk Committee is established for a period of no longer than four years, as determined by the Board’s decision, but not longer than until the end of the term of office of the Board that established it. The end of the Board’s term of office is April 14, 2030.
The Audit and Risk Committee is an advisory body to the Board, overseeing:
- financial reporting and sustainability reporting;
- external audit and sustainability reporting assurance;
- internal audit;
- risk management and internal control;
- business resilience, business continuity and compliance.
More information about the functions of the committee, the rights and obligations of members is provided in the Audit and Risk Committee’s operating regulations (ses-content.registrucentras.lt/uploads/Valstybes_imones_Audito_ir_riziku_komiteto_veiklos_nuostatai_ec8b994e81.pdf)
General requirements for candidates:
1. have a university degree or equivalent;
2. have the undisputed and unrestricted right to hold the relevant positions for which the applicant is applying and to perform the functions assigned to those positions;
3. have not been removed from the sole or collegial management body of a legal entity for failure to perform or improper performance of duties within the past five years;
4. be of impeccable reputation;
5. have no connections with other legal entities that could give rise to a conflict of interest;
6. meet the requirements set out in Article 17 of the Law of the Republic of Lithuania on the Protection of Objects Important for Ensuring National Security.
2. have the undisputed and unrestricted right to hold the relevant positions for which the applicant is applying and to perform the functions assigned to those positions;
3. have not been removed from the sole or collegial management body of a legal entity for failure to perform or improper performance of duties within the past five years;
4. be of impeccable reputation;
5. have no connections with other legal entities that could give rise to a conflict of interest;
6. meet the requirements set out in Article 17 of the Law of the Republic of Lithuania on the Protection of Objects Important for Ensuring National Security.
Specific requirements for candidates:
1. at least 3 years of work experience in at least one of the following areas: financial management and accountability, accounting, external audit of financial statements, internal audit, risk management, internal control or compliance;
2. experience in analyzing financial, operational, risk management or control information and
providing proposals and (or) recommendations for decision-making;
3. experience in working on the board, supervisory board, audit committee, risk committee or other
collegial management or supervisory body is considered an advantage;
4. experience in the areas of sustainability reporting or its assurance is considered an advantage.
Candidates are assessed in accordance with the Audit and Risk Committee Competency Matrix (ses-content.registrucentras.lt/uploads/Valstybes_imones_Registru_centro_audito_ir_riziku_komiteto_kompetenciju_matrica_79fe8d2546.pdf).
When assessing candidacies, the aim will be to ensure that the overall competences of the Audit and Risk Committee members
cover all areas set out in the Audit and Risk Committee competence matrix.
When forming the composition of the committee, competences in the areas of financial management and accountability, external audit and auditor independence, internal audit, risk management, internal control and compliance and sustainability reporting will be taken into account. The competences of the committee members are assessed collegially.
2. experience in analyzing financial, operational, risk management or control information and
providing proposals and (or) recommendations for decision-making;
3. experience in working on the board, supervisory board, audit committee, risk committee or other
collegial management or supervisory body is considered an advantage;
4. experience in the areas of sustainability reporting or its assurance is considered an advantage.
Candidates are assessed in accordance with the Audit and Risk Committee Competency Matrix (ses-content.registrucentras.lt/uploads/Valstybes_imones_Registru_centro_audito_ir_riziku_komiteto_kompetenciju_matrica_79fe8d2546.pdf).
When assessing candidacies, the aim will be to ensure that the overall competences of the Audit and Risk Committee members
cover all areas set out in the Audit and Risk Committee competence matrix.
When forming the composition of the committee, competences in the areas of financial management and accountability, external audit and auditor independence, internal audit, risk management, internal control and compliance and sustainability reporting will be taken into account. The competences of the committee members are assessed collegially.
The independence criteria applied to the candidate(s):
1. may not be a manager of a public interest undertaking and a related undertaking and shall not have held such positions for the last 5 years;
2. may not be an employee of a public interest undertaking and a related undertaking and shall not have held such positions for the last 3 years;
3. may not receive and shall not have received significant additional remuneration from a public interest undertaking and a related
undertaking compared to the income received by the member of the audit committee, except for remuneration for the position of a member of the audit committee and/or a member of the supervisory
body;
4. may not be a controlling shareholder or member, nor may he/she represent such a shareholder or member;
5. cannot have and must not have had in the past year a significant business relationship with a public-interest entity and a related entity, either directly or as a partner, shareholder, member or executive employee of an entity having such a relationship; an entity is considered to have a significant business relationship if it is a significant supplier of goods or services (including financial, legal, advisory and consulting services), a significant client or an organization that receives a significant portion of its revenue from the public-interest entity or its group;
6. cannot be and must not have been in the past three years a partner or employee of the current and previous external audit firm of the public-interest entity and a related entity;
7. The candidate may not have served as a member of the audit committee of this company for a total of more than 12 years.
2. may not be an employee of a public interest undertaking and a related undertaking and shall not have held such positions for the last 3 years;
3. may not receive and shall not have received significant additional remuneration from a public interest undertaking and a related
undertaking compared to the income received by the member of the audit committee, except for remuneration for the position of a member of the audit committee and/or a member of the supervisory
body;
4. may not be a controlling shareholder or member, nor may he/she represent such a shareholder or member;
5. cannot have and must not have had in the past year a significant business relationship with a public-interest entity and a related entity, either directly or as a partner, shareholder, member or executive employee of an entity having such a relationship; an entity is considered to have a significant business relationship if it is a significant supplier of goods or services (including financial, legal, advisory and consulting services), a significant client or an organization that receives a significant portion of its revenue from the public-interest entity or its group;
6. cannot be and must not have been in the past three years a partner or employee of the current and previous external audit firm of the public-interest entity and a related entity;
7. The candidate may not have served as a member of the audit committee of this company for a total of more than 12 years.
Documents that the candidate must submit:
1. consent to apply for the position of member of the Audit and Risk Committee and declaration of interests;
2. curriculum vitae (free form).
2. curriculum vitae (free form).
The successful candidate will also be required to submit:
1. a copy of the personal identity document;
2. a copy of the document confirming higher university or equivalent education;
3. other documents considered important by the candidate.
At the request of the Board, additional documents may be requested to confirm compliance with the
specified general and specific requirements and independence criteria.
2. a copy of the document confirming higher university or equivalent education;
3. other documents considered important by the candidate.
At the request of the Board, additional documents may be requested to confirm compliance with the
specified general and specific requirements and independence criteria.
Remuneration of the member(s) of the Company's Audit and Risk Committee:
The monthly remuneration paid to members of the Audit and Risk Committee may not exceed 1/8 of the average monthly salary of the company's manager.
Additional information:
More detailed information about the selection and the method of submitting documents can be found in the official company announcement by clicking on this link --> ses-content.registrucentras.lt/uploads/Audito_ir_riziku_komiteto_nariu_atranka_pranesimas_8259637ee7.pdf
Work place
Registrų Centras, VĮ
The State Enterprise Center of Registers is a partner of the advanced state and society, the processor of basic national data, creating a modern, positive and mutually cooperative relationship with society, business and the state. We are a strategic and special organization - the largest state information systems, the main Lithuanian registers are born and operate here, tens of thousands of customers visit them every day, and even 1,500 of our employees meet them.
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