Akropolis Group Audit Committee Commences New Four-Year Term
Akropolis Group Audit Committee Reappointed for a New Term
In an important decision reflecting confidence and stability, Akropolis Group has reappointed its current Audit Committee for a new four-year term. This continuity aims to enhance financial integrity and oversight within the organization.
Committee Composition and Expertise
The Audit Committee is composed of three talented individuals: Šar?nas Radavi?ius, Egl? ?iužait?, and Matas Kasperavi?ius. Both Šar?nas Radavi?ius and Egl? ?iužait? are independent members who bring a wealth of experience in finance and audit operations.
Šar?nas Radavi?ius
Šar?nas offers a strong background, having previously led the audit division at Rödl & Partner. His expertise extends across various sectors, where he has contributed to the governance of financial reporting.
Egl? ?iužait?
Egl? has held numerous senior positions, including significant roles at companies like “Lietuvos energijos gamyba” (now “Ignitis gamyba”). Presently, she serves as an independent board member for several organizations, showcasing her deep understanding of corporate governance.
Matas Kasperavi?ius
Meanwhile, Matas Kasperavi?ius is currently the Chief Financial Officer at UAB “Vilniaus prekyba” and has valuable prior experience with “Ernst & Young Baltic” and UAB “NDX Group”. His financial acumen is vital for overseeing the Committee's functions.
Goals of the Audit Committee
The primary purpose of the Audit Committee is to ensure a robust and transparent financial reporting process. This includes monitoring the independence of the external auditor and advocating for improvements in operational quality and financial oversight.
Impact of the Committee's Previous Term
During its previous term, the Audit Committee played a critical role in refining internal control procedures and enhancing the risk management strategy of Akropolis Group. Their efforts have been pivotal in fostering an environment of rigor and accountability.
Looking Ahead: Future Contributions
As the Audit Committee embarks on its new term, the expectation is to continue fostering effective control over Akropolis Group's internal processes. Their ongoing contributions are anticipated to enhance investor confidence in the organization.
Contact Information
For further details about the activities of the Audit Committee or any related inquiries, you can contact:
Paulius Pocius
Head of Marketing and Communications
AKROPOLIS GROUP, UAB
+370 69999566
paulius.pocius@akropolis.lt
Frequently Asked Questions
What is the role of the Audit Committee?
The Audit Committee oversees the financial reporting process, ensures the independence of auditors, and recommends improvements in financial control.
Who are the members of the reappointed Audit Committee?
The reappointed Audit Committee includes Šar?nas Radavi?ius, Egl? ?iužait?, and Matas Kasperavi?ius.
What expertise do the Committee members bring?
Members possess extensive backgrounds in finance, audit, and senior management roles across various industries.
What were the key achievements of the Committee?
The Committee enhanced internal control procedures and improved risk management strategies during its previous term.
How does the Committee impact investor confidence?
By ensuring transparency and effective control, the Committee contributes to greater investor confidence in Akropolis Group.
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