Cabinet of Ministers Regulations No. 686 in 2015 (on 1 December. No 64 37) the order in which the candidates nominated by the Board and Council members of the Corporation in which the posts of the State as a member (shareholder) has the right to nominate board members, and Board members of corporations in the country, which has created the Council Issued under the public people and shares in capital companies Management Act article 31 the tenth part i. General questions 1. determines the order in which the candidates nominated by the Board and Council members for corporations in the that country as a member (shareholder) has the right to nominate board members, and Board members of corporations in the country, which has been created by the Council. 2. the rules are intended to provide the Board and the nomination of the members of the Council in the process of compliance with corporate governance principles and best practices of open, honest and professional Board and the selection of the members of the Council, which promotes professional and competent national governing body of the Corporation. 3. the rules do not apply to Public entities part of the capital and Corporation management law: 3.1. Article 31 of the eighth part referred to in paragraph 1; 3.2. Article 31 of the eighth part 2 in the case referred to in paragraph, except that rule 4.1, 4.2 and 4.4, the requirements referred to in point. II. basic criteria and the selection board members 4. Board members in the selection of candidates, the following selection criteria: 4.1 the national language and at least one foreign language knowledge of the Board of directors or the members of the Council the task of a professional execution of necessary; 4.2. relevant higher education that provides the required knowledge and competencies to perform the professional Board Member's tasks, the relevant position in the Corporation; 4.3. work experience, which provides the necessary skills to perform professional or a member of the Council Board of the tasks a given position in a corporation; 4.4. impeccable reputation; 4.5. other relevant professional skills and competences in accordance with the specific scope of the Corporation. 5. the members of the Board of directors or Council candidate is a person of good repute, if there is no evidence to the contrary, and there is no reason a reasonable doubt about the person's impeccable reputation. The evaluation of the Board of directors or the members of the Council Kandidata reputation, take into account all nominations in the information available to the Commission, which are available for the exercise. 6. in order to ensure professional and objective work of the Council of the Corporation that promotes the Corporation values long term growth and operational efficiency, the holder of the shares (except if a corporation founded on the basis of the law) shall ensure that at least half of the Board members be independent Board members. If the Council consists of an odd number of members of the Council, an independent Council members can be one less than the number of the other Council members. Council member is considered independent if it meets all these requirements: 6.1. performance of other posts, not subject to shareholders; 6.2. the last three years have not been a member of the Board or an Inspector of the public in the same Corporation or its dependent society; 6.3. a corporation that holds the post of Council members, generate income only for the members of the Council hold office; 6.4. the last three years have not been external auditor, as well as a member of the Board or an employee of the Corporation, which shall carry out the functions of the external auditors of the Corporation, which the members of the Council. 7. Defining this rule 4.1, 4.2, 4.3 and 4.5. criteria referred to in assessing the compliance of the candidate and those for members of the Executive Board candidates follow that rule referred to in annex 1, minimum requirements, but on the Council members candidates – this provision listed in annex 2 minimum requirements. 8. This provision contained in paragraph 4.1 of the requirements for the administration of the State language, to the extent applicable external laws and regulations unless otherwise specified. 9. For this rule 4.1, 4.2, 4.3 and 4.5. criteria referred to in the definition of detail, on the basis of the public shareholders or the Corporation Council (if one exists) of the Board or a member of the Council of the necessary competences and professional experience requirements description, nominations Commission is responsible. III. selection and evaluation process started, the nominations Commission 10. public shareholders or the Board of the Corporation (if any) provide timely and the members of the Board the candidate selection and assessment process initiation, provided that: 10.1 list of potential candidates before the building is prepared for Board members the necessary competences and professional experience requirement; 10.2. based on board members the necessary competences and professional experience requirements description, has opened to the public the candidates application procedure, as well as, if necessary, may make use of the other recruitment methods. If the Board members elected by the Corporation, in accordance with the laws of the great or the holder of the shares in the Corporation Council (if one exists) can be determined by the Board or the members of the selection and evaluation of candidates used recruitment merchant services financed from the funds of the Corporation. Public candidate login procedure is optional, if elected by the Board, the private corporation in which the State has a crucial impact directly; 10.3. has been prepared and submitted to the Commission of the nominations of potential Board members to candidate list made up of candidates: 10.3.1 who logged on to the public the candidates application procedure; 10.3.2. selected through a recruitment merchant services (if one is used); 10.3.3. selected by using other recruitment methods (if used); 10.3.4. recommended by the nominations Commission (if applicable); 10.4. prior to the members (shareholders) meeting or meetings of the Council, which elected a member of the Board of directors or Council, nominations Commission is given a long enough term to define in detail the criteria for assessing the candidates and candidates ' conformity assessment procedures and methods, as well as the assessment of the Board of directors or Council members candidates. 11. public shareholders or the Board of the Corporation (if any) for the evaluation of candidates for nomination of the Commission creates, including the public shareholders or the Corporation Council (if one exists), raised by the representative of the coordination bodies, independent experts and, if needed, observers in an advisory capacity, in order to ensure the transparency of conformity assessment process. Public shareholders or the Board of the Corporation (if any) is entitled to set up a permanent Commission to Board nominations and Board members of the conformity assessment process candidates. 12. national shareholders or the Board of the Corporation (if any) provides the candidate selection and assessment process documentation. Public shareholders, the Corporation Council (if one exists) and nominations for the members of the Commission shall ensure that the selection of candidates and the information obtained during the evaluation process for applicants shall not be transmitted or disclosed to third parties, and no other actions which would be inconsistent with the statutory framework for natural persons in the field of data protection. 13. the independent expert or observer may be a person not subject holders of shares or the instructions of the Council of the Corporation of the public administration Act and the commercial facilities and advisory functions which take a neutral and independent, subject to this provision in annex 3. 14. the nominations Commission shall include persons with relevant experience in at least one of the following areas: 14.1. staff management, selection and assessment of competencies; 14.2. the Corporation management; 14.3. the Corporation's activities, which are carried out for the Board members. IV. evaluation of Candidate nominations Commission 15. Nominations Commission public shareholders or the Corporation Council (if one exists) deadline: 15.1. define in detail the criteria for assessing the candidates based on board members the necessary competences and professional experience requirements; 15.2. Decides on the conformity assessment procedures; 15.3. evaluate the shareholders or the Board of the Corporation (if any) included in the list of candidates submitted by the parties and draw up proposals for recommended candidates Board Member for consideration of members (shareholders) at a meeting or Council of the Corporation (if any). 16. prior to the start of the evaluation of conformity, the nominations Commission member signature certificate (annex 3). 17. the nominations Commission shall be entitled to exercise the candidate assessment process several lots, including the initial check to verify the conformity with the essential requirements of candidates, and the competence and professional experience of the evaluation in accordance with the criteria approved in the Commission of the nominations list. 18. Candidates ' conformity assessment results according to the rules in subparagraph 15.1 and 15.2. nominations for the Commission and evaluation of candidates, fill in the form (annex 4). 19. The nominations Commission decisions adopted on the basis of the assessment of the candidates according to the defined criteria for the evaluation of candidates. If more candidates obtain the same rating, a decision shall be taken by majority vote. If the votes are divided into similar nominations, the casting is the head of the Commission. 20. If no candidate according to the nominations for the Commission's assessment does not meet the position requirements, the nomination of the Commission shall take a decision on the candidate assessment process and inform the public of the capital or of the holders of the Corporation Council (if one exists). 21. This provision 20. in the case referred to in paragraph public shareholders or the Board of the Corporation (if any) is entitled to propose repeating the selection procedure. 22. national shareholders or the Corporation Council (if one exists) is right justified in arguing, reject the nominations of candidates by the Commission and encouraging the re-use of selection procedure if: 22.1. then have reasonable doubts as to the compatibility of the candidate that rule 4.4. the requirements referred to in subparagraph; 22.2. it has other information about the applicant's previous activities in the commercial sense, is considered an important reason for Board retract members from Office. V. freedom of information requirements 23. To inform the public about the candidates and the selection process of candidates, the results of the evaluation, public shareholders or the Board of the Corporation (if any) within three working days following that rule referred to in paragraph 19 of the decision shall be published in the institution's tīmekļvietn the following information: the name of the Corporation; 23.1. 23.2. the competence and professional experience requirement; 23.3. the nominations Commission; 23.4. information on the candidate assessment process (evaluation criteria, the candidate evaluation methods, estimated the number of candidates). 24. If, in accordance with the provisions of point 22 public shareholders or the Board of the Corporation (if any) have rejected the nominations of candidates by the Commission within three working days, it shall be published in the tīmekļvietn institution notice of nominations for the rejection of the Commission proposal and the selection process started again. VI. final question 25. Be declared unenforceable by the Cabinet of Ministers on 23 September 2014 instruction No 6 "procedure for the selection of candidates is carried out the Board and Council members of the Corporation in which the country as a member (shareholder) has the right to nominate board members" (Latvian journal, 2014, 195. no). The Prime Minister is the Rapidity of the Newsletters Finance Minister John Rare annex 1 Cabinet 2015 December 1 Regulation No. 686 minimum requirements for Board members to candidates 1. Linguistic knowledge point 4.1 of the rules – national language and at least one foreign language knowledge of the members of the management board the task to complete professional extent 1.1. public knowledge of the State language is managed by national legislation in the field of the use of language in the prescribed amount 1.2. Foreign language knowledge of foreign languages, the members of the management board manages the professional execution of tasks necessary 2. education regulations 4.2. subitem-education that provides the required knowledge and competencies to perform professional tasks the members of the Board of the Corporation in the particular position requirements the academic top or second level professional higher education, which provides the required knowledge and competencies to perform professional tasks Board members in a given post 3. experience rule 4.3. section – work experience, which provides the necessary skills to perform professional tasks the members of the Board of the Corporation in the particular post 3.1. essential requirements the current work experience that meets one of the following criteria: 3.1.1. minimum of three years experience in leading post in the area in which the Corporation operates. In exceptional cases it can be reduced to two years ' experience, if the selection board members is made a corporation that under the regulations is a small Corporation; 3.1.2. minimum of three years experience in a leading position in providing the skills and knowledge necessary to perform professional tasks of the members of the Executive Board of the relevant post. In exceptional cases it can be reduced to two years ' experience, if the selection board members is made a corporation that under the regulations is a small Corporation 3.2 Corporation operation relevant industry issues determine the shareholders 4. Competence rule 4.5. section – other essential professional skills and competences in accordance with the specific scope of the Corporation. In accordance with the provisions of paragraph 15.2. the nominations Commission shall determine the proportion of each of the competencies and the impact on the overall rating of 4.1. Strategic planning evaluation indicators: 4.1.1 Unable to determine clear short-and long-term objectives of the activities of the Corporation; 4.1.2. ability to analyse the activity of both the Corporation and the State of the sector in the context of development (has a long term vision); 4.1.3. the ability to adapt quickly to new situations and is open to change; 4.1.4. ability to plan and Control the management of the 4.2-ability to build positive relationships and to take on the role of the Manager to ensure the attainment of the objectives of the Corporation evaluation indicators: 4.2.1. able to take leadership, organize team work to ensure the achievement of the objectives. The ability to build positive relationships between team members, to take care of the team and motivate their common objectives; 4.2.2. is fair, collaborate with colleagues, tolerant to different work styles and different points of view; 4.2.3. the ability to create a wide network of professional contacts and use their professional objectives; 4.2.4. is flexible – able to achieve a result by different means (different views analysis) and, keeping the continuity, the ability to compromise; 4.2.5. the ability to provide effective and efficient change management 4.3. Ability to set goals and plan your performance evaluation indicators: 4.3.1. have appropriate areas of activity (industry) vision and motivation to contribute to development; 4.3.2. knowledge of trends in the field of activity (sector) and use different sources of information in decision making 4.4. Decision making and responsibility assessment indicators: 4.4.1. ability to make decisions in a short time and situations, where there is a limited amount of information available; 4.4.2. the ability to take the initiative; 4.4.3. fully responsible for their competence in the processes and results; 4.4.4. defends his and the team's views and decisions; 4.4.5. offers several variants of the solution to the problem, draw up a reasoned decision and predicting possible consequences; 4.4.6. If a decision is postponed, reasons for its action, indicating the benefits; 4.4.7. involve subordinates in decision making, conscious of their responsibility and subordinates; 4.4.8. is open to alternative solutions and heard different opinions; 4.4.9. seeking and able to reach compromises; 4.4.10. ability to balance the different interests of the parties concerned 5. Other significant competence raised by shareholders, in connection with the definition of the scope of a capital company or a vacant post of Finance Minister John Rare annex 2 Cabinet 2015 December 1 Regulation No. 686 minimum requirements of Council members candidates 1. Linguistic knowledge point 4.1 of the rules – national language and at least one foreign language knowledge of the members of the Council the task of a professional execution of necessary 1.1. national knowledge of the State language is managed by national legislation in the field of the use of language within the Volume 1.2. Knowledge of foreign languages foreign languages Council members manage the professional execution of tasks necessary 2. education rule 4.2-point education that provides the required knowledge and competencies to perform professional tasks of certain members of the Council position in essential academic Corporation top or second level professional higher education, which provides the required knowledge and competencies to perform professional tasks of certain members of the Council position 3. experience rule 4.3. section – work experience, which provides the necessary skills to perform professional tasks the members of the Council a specific position in a corporation 3.1. Basic requirements the current work experience that meets one of the following criteria: 3.1.1. minimum of three years experience in a similar size or larger corporations Board of directors or a member of the Council, which is running the Corporation; 3.1.2. at least three years of experience in the Board Member's private capital company of similar size, preferably quoted or international company that provides the skills and knowledge necessary to perform professional tasks the members of the Council to the post in question; 3.1.3. at least three years of experience in the executive position in which the institution responsible for sectoral policy formation the corporation concerned the scope of the Corporation's activities 3.2 the questions determines the shareholders 4. Competence rule 4.5. section – other essential professional skills and competences in accordance with the specific scope of the Corporation. In accordance with the provisions of paragraph 15.2. the nominations Commission shall determine the proportion of each of the competencies and the impact on the overall rating of 4.1. Strategic planning evaluation indicators: 4.1.1. the activities of the Corporation to analyze both the industry and the national development context (have the long-term vision); 4.1.2. the ability to adapt quickly to new situations and is open to change familiar trends 4.1.3 area (sector) and use different sources of information in decision making-ability Management 4.2 build positive relationships and work in a team, to contribute to the attainment of the objectives of the Corporation evaluation indicators: 4.2.1. build positive relationships between team members, to take care of the team and motivate their common objectives; 4.2.2. the ability to collaborate with colleagues, is indulgent to different points of view; 4.2.3. the ability to create a wide network of professional contacts and use their professional objectives; 4.2.4. is flexible – able to achieve a result by different means (different views analysis) and, keeping the continuity, the ability to compromise a corporation activities 4.3 supervision evaluation indicators: 4.3.1. fulfilment of the corresponding jurisdiction financial matters; 4.3.2. the fulfilment of the relevant competence of legal matters; 4.3.3. the ability to assess in depth the Corporation strategy and its implementation, to provide proposals for the review of the strategy; 4.3.4. responsible and fair attitude to the duties entrusted to 4.4. Decision making and responsibility assessment indicators: 4.4.1. fully responsible for their competence in the processes and results; 4.4.2. defends his and the team's views and decisions; offers several variants of the solution to the problem, draw up a reasoned decision and predicting possible consequences; 4.4.3. is open to alternative solutions and heard different opinions; 4.4.4. searching for and know how to reach compromises; 4.4.5. the ability to balance the different interests of the parties concerned 5. Other significant competence determined by the shareholders, in connection with the definition of the scope of a capital company or a vacant post of Finance Minister John Rare 3. attachment Cabinet 2015 December 1 Regulation No. 686 nominations by the members of the Commission with the _____ ____ ____ ____ ____ ____ 20. the year ____ ____ ____ order No. ____ nominations Commission created task is to organize a ____ _____ ____ ____ ____ candidate selection, preparing recommendations for the most appropriate candidates that feasibility _____ _____ _____ _____ _____ _____ _____ _____ Member for approval ___ ____ ____ ____ ____ ____ ____ ____ ____ ____ meeting of shareholders/participants. Having regard to the resolution of a conflict of interest requirements, I, nominations Commission member (-e) ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___, certify that: 1) there are no circumstances which would lead to believe that I am in any way interested in a particular candidate _____ _____ _____ _____ _____ _____ _____ _____; 2) not represent the particular candidate _____ ____ ____ ____ ____ interests and I am not affiliated with a specific candidate job ____ ____ ____ ____ ____ _, I am not a current or former officer, employee, Member, or shareholder (over the last 24 months); 3 I'm not a particular candidate) the _____ ____ ____ ____ ____ relative up to the second degree of kinship, the spouse or brother-to the first degree of affinity, or the person with whom he has shared facilities; 4) decision making or participating in making decisions do not affect me, my relatives or business partners personal or economic interests; 5) candidate evaluation process for information on the applicants will not be provided or disclosed to third parties and will not be carried out other actions which would be inconsistent with the statutory framework for natural persons in the field of data protection.
          (name, surname)   (signature)   (date)
Finance Minister John Rare 4. Annex Cabinet 2015 December 1 Regulation No. 686 of candidates scoring model form criteria criteria the working Apakškritērij īpatsvars2 name, first name, last name, first name, last name (points): 1. Language skills 1.1. % (points) 1.2. % (points)% (points) 2. education 2.1. % (points)% (points) experience 3 3.1. % (points) 3.2. % (point) (point) 4. Competence 4.1. % (point) 4.2. % (points) 4.3. % (points) 4.4. % (point) (point), 5% other essential competences 5.1. % (points) 5.2. % (points) rating rating percentage of total possible number of points Outstanding 90%-100% very good 80%-89% 70%-79% on average 60%-69% 59% 45% – satisfactory poor 0% – 44% notes. 1 Criteria and apakškritērij share is determined individually for each post. 2 the percentage rating is given for information. Nominations Commission shall be entitled to decide on the criteria for the assessment of points. Finance Minister John a Rare