Friday, June 21, 2024

45 applicants from 7 countries want to become board members of DelfinGroup in an international competition – Education, webinars


In the international competition announced by the Latvian financial sector group AS DelfinGroup, a total of 45 applicants from seven countries have applied for the positions of professional and independent directors: Estonia, Lithuania, Latvia, Croatia, Azerbaijan, Turkey and India. The largest number of applications for senior management was received from applicants representing the banking, credit, auditing, information technology, telecommunications, energy, logistics and real estate sectors.

The recruitment company SIA participated in the review of the reputation and potential risks of conflict of interest of the independent members of the Supervisory Board. Fontes Executive Search. The selection of the Council members is carried out in four rounds of selection, including in the last round all the candidates had to take the AS DelfinGroup analysis of the strategy and make proposals for its improvement. The final results of the tender will be announced on March 30, when the extraordinary shareholders’ meeting will elect the new JSC. DelfinGroup tips.

Vice President of the Baltic Institute of Corporate Governance Andris Grafs: “The way DelfinGroup organized the works council selection and sought independent board members in an open competition, it is clearly an example of good practice for other private equity firms. Furthermore, this approach is very rare in the private sector. DelfinGroup The board selection process complies with the principles of good governance established in the OECD and the new Latvian Corporate Governance Code, ensuring that the board as a whole has a set of skills, experience and knowledge, and ensuring that at least the half of the council members are independent. By strengthening corporate governance in this way, there is reason to believe that the company will only increase its positive impact on the environment, employees, customers and shareholders in the long term. “

Didzis Amidins.
Didzis Amidins.

WHAT DelfinGroup Chairman Didzis amidins “WHAT DelfinGroup is preparing very seriously for the initial public offering (IPO) of shares scheduled for this year Nasdaq Riga bag. That is why we are guided by the highest principles of corporate governance in terms of business management and efficiency. In particular, the company’s first environmental, social and corporate governance (ESG) report will be prepared this year at the same time as the 2020 audited financial statements ”.

TO BE Fontes Executive Search senior management selection consultant Ineta Žilvinska: “The appointment of independent directors at the international level has long been a necessity for good corporate practices in large companies and corporations. In Latvia, on the other hand, the introduction of good corporate governance has become a relatively recent hot topic. Although many private companies have developed rapidly and are now quite large, the owners are very cautious about transferring corporate governance to professional management, most often by appointing people close to them on the board. However, it is really gratifying that this practice is gradually changing here as well, and entrepreneurs in Latvia are becoming more aware and appreciating the benefits that good corporate governance brings to the company. “

In the international competition AS DelfinGroup seeks independent board members with expertise in corporate governance, ESG, finance, banking, fintech, e-commerce, cybersecurity, artificial intelligence, machine learning, and other finance and new technology management. Prospective board members must have at least five years of experience in a management position in a large and successful public or private company in the financial, e-commerce, or service sector.

The main task of the new group council will be to oversee the strategic management of the group, including the election and supervision of the board members, the approval and monitoring of the group’s strategy, the supervision of risk management and the implementation of high principles. of corporate governance, and watch over the interests. of all shareholders. The expected remuneration of the board member will be 10,000 to 25,000 EUR per year.

WHAT DefinGroup On March 23, it announced plans to hold an initial public offering (IPO) of shares in 2021. Nasdaq Riga bag. For more information about this event, those interested can subscribe to the news on the company’s website:

By DelfinGroup

AS DelfinGroup is a licensed financial sector company founded in 2009 and represents the Banknote, VIZIA and Riga City Pawnshop brands. The company employs 270 professionals in 91 branches in 38 cities in Latvia. The Group’s estimated taxes for 2020 are 3.42 million euros. AS DelfinGroup is a member of LCCI and has received Gold level status from the SRS cooperation program. The Group’s main services are the sale of second-hand goods in offices and on the Internet, a pawn shop loan, a consumer loan, as well as a senior loan, the conditions of which are specially adapted for the elderly. The DelfinGroup bonds are listed on the Nasdaq Riga First North bond list.

AS DelfinGroup

Ebenezer Robbins
Ebenezer Robbins
Introvert. Beer guru. Communicator. Travel fanatic. Web advocate. Certified alcohol geek. Tv buff. Subtly charming internet aficionado.

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