The composition of the Supervisory Board did not change during the reporting period. The meetings of the Supervisory Board take place once a month, as a rule, on the last Wednesday of the month.
Pursuant to the Authorised Public Accountants Act of the Republic of Estonia, VKG is considered to be an entity subject to the public interest and is thus required to have an Audit Committee.
According to the Statutes, the Audit Committee is an advisory body for the Supervisory Board of VKG in the fields of accountancy, auditing, risk management, internal audits, supervision and budgeting and the legality of activities. The members of the Audit Committee of VKG are Ants Laos (Chair of the Committee), Priit Piilmann, Margus Kangro and Elar Sarapuu.
Shares and share capital
As of 01.01.2022, the nominal value of the share capital of VKG was 6,391,164.21 euros. There were no changes in the share capital in the years 2008– 2021. VKG’s shares are not noted on the securities market.
The Group has four shareholders with the following holdings as of 31.12.2021: