{"id":32339,"date":"2025-10-02T16:32:09","date_gmt":"2025-10-02T13:32:09","guid":{"rendered":"https:\/\/governance.lt\/naujienos\/vvi-valdysena-islaiko-stabiluma-gerai-vertinama-28-iose-imonese\/"},"modified":"2025-10-02T18:20:47","modified_gmt":"2025-10-02T15:20:47","slug":"vvi-valdysena-islaiko-stabiluma-gerai-vertinama-28-iose-imonese","status":"publish","type":"post","link":"https:\/\/governance.lt\/en\/naujienos\/vvi-valdysena-islaiko-stabiluma-gerai-vertinama-28-iose-imonese\/","title":{"rendered":"SOE governance remains stable \u2013 positively assessed in 28 companies"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p><strong>The governance level of state-owned enterprises (SOEs) has remained stable in recent years, according to the latest SOE Good Governance Index presented by the Governance Coordination Centre (GCC). With the consistent implementation of good practices and an updated evaluation methodology applying a stricter \u201clowest criterion\u201d principle, the governance of 28 out of 32 SOEs is currently assessed as average or positive. Among the strongest governance practices are board formation principles and corporate accountability, while sustainability management practices were rated the lowest among all governance criteria.<\/strong><\/p>\n<p style=\"text-align: justify;\">In the category of large companies, governance leaders are AB Ignitis Group, AB Lithuanian Railways, and UAB EPSO-G. In the medium-sized category \u2013 AB Smiltyn\u0117s perk\u0117la and UAB Toksika. In the small and very small company category \u2013 AB Detonas.<\/p>\n<p style=\"text-align: justify;\">AB Smiltyn\u0117s perk\u0117la was the only SOE this year to receive the highest A+ rating in the Good Governance Index. Evaluated across specific areas, it was recognized as the governance leader. This demonstrates that good governance principles can be successfully implemented even in smaller companies without requiring significant resources.<\/p>\n<p style=\"text-align: justify;\">AB Ignitis Group was awarded for best strategic management, AB Detonas was recognized as the leader in accountability, the State Forest Enterprise (Valstybini\u0173 mi\u0161k\u0173 ur\u0117dija) was named the sustainability management leader, while AB Klaip\u0117da State Seaport Authority was recognized as the sustainability reporting leader. The Ministry of Transport and Communications of the Republic of Lithuania received the award for most professional shareholder.<\/p>\n<p style=\"text-align: justify;\">According to Jurgita Bagdonien\u0117, Acting Head of GCC, the level of SOE governance remains stable: most governance principles are being successfully implemented, and no systemic shortcomings have been identified.<\/p>\n<p style=\"text-align: justify;\">\u201cThe results we see today are the outcome of consistent implementation of good practices, clear regulatory guidelines, and active involvement of both shareholders and the companies themselves. We are pleased to see strong efforts by companies to apply good governance principles and comply with existing requirements. For example, although sustainability management practices were rated lowest this year, even in this area significant progress has been made over the past five years: large companies now have dedicated sustainability officers, conduct impact analyses, adopt policies, and set sustainability-related goals. It is important to note that the level of governance compliance is already quite high, and it is encouraging to see efforts to maintain it,\u201d said Bagdonien\u0117.<\/p>\n<p style=\"text-align: justify;\">However, the Acting Head also pointed out that, as in last year\u2019s SOE governance assessment, there still remains a gap between large and small companies.<\/p>\n<p style=\"text-align: justify;\">\u201cThis gap is driven by several factors. First, smaller companies have fewer resources to implement good governance principles. This is especially evident when assessing anti-corruption practices and sustainability governance. Second, the small-company category includes several enterprises that make little effort to improve governance, thus distorting the overall assessment of the group,\u201d Bagdonien\u0117 noted.<\/p>\n<p style=\"text-align: justify;\">The purpose of the SOE Good Governance Index is to assess and measure how each SOE implements key good governance practices, which include the recommendations of the Organisation for Economic Co-operation and Development (OECD), the provisions of the Ownership Guidelines, Transparency Guidelines, and Nomination Guidelines, as well as other governance-related documents and global best practices. Currently, the SOE Good Governance Index is the most comprehensive tool for evaluating the quality of governance across all SOEs.<\/p>\n<p style=\"text-align: justify;\">The Index methodology is reviewed and updated annually to reflect changes in legal regulations governing SOEs and evolving governance practices, as well as to increase its reliability and ability to accurately represent SOE governance.<\/p>\n<p style=\"text-align: justify;\">Among the most significant changes to the 2024\/25 methodology are a restructured Index framework and the creation of new dimensions. The collegial bodies dimension was split into the Strategic Management dimension and a newly created Shareholder Actions dimension. A new Sustainability dimension was also introduced. Additionally, the \u201clowest criterion\u201d principle was applied, meaning that a dimension score cannot be higher than the lowest score of its component criteria. For example, if within the Sustainability dimension, anti-corruption prevention is rated B while sustainability management and sustainability reporting are rated A, the entire dimension will receive a B rating.<\/p>\n<p style=\"text-align: justify;\">Due to these changes in the 2024\/25 methodology, this year\u2019s results are not fully comparable to those of 2023\/24. Changes are discussed only in those criteria where no methodological updates were made or where the impact of changes can be evaluated.<\/p>\n<p style=\"text-align: justify;\">The 2024\/25 Index includes only SOEs operating at the time of compilation, with a total of 32 companies assessed.<\/p>\n<p style=\"text-align: justify;\">Detailed results of the latest SOE Good Governance Index are available on the Governance Coordination Centre\u2019s website: <a href=\"https:\/\/governance.lt\/en\/valdysenos-indeksas\/#indekso-rezultatai\">https:\/\/governance.lt\/valdysenos-indeksas\/#indekso-rezultatai<\/a><\/p>\n<p>[vc_row][vc_column][vc_gallery interval=&#8221;3&#8243; images=&#8221;32329,32333,32335,32337&#8243; img_size=&#8221;full&#8221; css=&#8221;&#8221;][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The governance level of state-owned enterprises (SOEs) has remained stable in recent years, according to the latest SOE Good Governance Index presented by the Governance Coordination Centre (GCC). With the consistent implementation of good practices and an updated evaluation methodology applying a stricter \u201clowest criterion\u201d principle, the governance of 28 out of 32 SOEs is [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":32329,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-32339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SOE governance remains stable \u2013 positively assessed in 28 companies - VKC | Valdymo koordinavimo centras<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/governance.lt\/en\/naujienos\/vvi-valdysena-islaiko-stabiluma-gerai-vertinama-28-iose-imonese\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SOE governance remains stable \u2013 positively assessed in 28 companies - VKC | Valdymo koordinavimo centras\" \/>\n<meta property=\"og:description\" content=\"The governance level of state-owned enterprises (SOEs) has remained stable in recent years, according to the latest SOE Good Governance Index presented by the Governance Coordination Centre (GCC). With the consistent implementation of good practices and an updated evaluation methodology applying a stricter \u201clowest criterion\u201d principle, the governance of 28 out of 32 SOEs is [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/governance.lt\/en\/naujienos\/vvi-valdysena-islaiko-stabiluma-gerai-vertinama-28-iose-imonese\/\" \/>\n<meta property=\"og:site_name\" content=\"VKC | Valdymo koordinavimo centras\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-02T13:32:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-02T15:20:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/governance.lt\/wp-content\/uploads\/2025\/10\/0U2A9548-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1706\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ieva Mork\u016bn\u0117\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ieva Mork\u016bn\u0117\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/governance.lt\\\/en\\\/naujienos\\\/vvi-valdysena-islaiko-stabiluma-gerai-vertinama-28-iose-imonese\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/governance.lt\\\/en\\\/naujienos\\\/vvi-valdysena-islaiko-stabiluma-gerai-vertinama-28-iose-imonese\\\/\"},\"author\":{\"name\":\"Ieva Mork\u016bn\u0117\",\"@id\":\"https:\\\/\\\/governance.lt\\\/#\\\/schema\\\/person\\\/a2069e5203120b29c741deff8b97d9bc\"},\"headline\":\"SOE governance remains stable \u2013 positively assessed in 28 companies\",\"datePublished\":\"2025-10-02T13:32:09+00:00\",\"dateModified\":\"2025-10-02T15:20:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/governance.lt\\\/en\\\/naujienos\\\/vvi-valdysena-islaiko-stabiluma-gerai-vertinama-28-iose-imonese\\\/\"},\"wordCount\":770,\"image\":{\"@id\":\"https:\\\/\\\/governance.lt\\\/en\\\/naujienos\\\/vvi-valdysena-islaiko-stabiluma-gerai-vertinama-28-iose-imonese\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/governance.lt\\\/wp-content\\\/uploads\\\/2025\\\/10\\\/0U2A9548-scaled.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/governance.lt\\\/en\\\/naujienos\\\/vvi-valdysena-islaiko-stabiluma-gerai-vertinama-28-iose-imonese\\\/\",\"url\":\"https:\\\/\\\/governance.lt\\\/en\\\/naujienos\\\/vvi-valdysena-islaiko-stabiluma-gerai-vertinama-28-iose-imonese\\\/\",\"name\":\"SOE governance remains stable \u2013 positively assessed in 28 companies - 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