Concern MG Baltic controls up to 30 enterprises via three holdings: MG Baltic Investment, MG Baltic Trade and MG Valda. The corporate governance of the controlled companies is exclusively based upon the rights that are provided by the shares of those companies, owned by the Concern, directly or indirectly. In the controlled companies, effective execution of shareholder’s interests is ensured by the fact that almost every shareholder is actively involved in the corporate governance of a company he/she has a stake in.

Concern MG Baltic owns both public and limited companies. Most of the Concern’s enterprises have a two-stage corporate governance body: besides the Chief Executive Officer (CEO), there is a board of directors, a body which makes the major decisions on company’s activities:

As the board of directors completely represents the shareholders’ interests, there is no need of confirmation of shareholders’ for above-enumerated decisions. Nevertheless, the shareholders make the decisions that are implied for them by the law of the Republic of Lithuania:

In those few companies, which do not have the board of directors appointed, the board‘s responsibility is transferred to the CEO. However, for the disposition of the assets that make more than 5 percent of company’s share capital, an approval from the shareholders is required.

In one of the Concern‘s public companies, AB Stumbras, the board of trustees is appointed, which performs the traditional functions of the board of trustees, implied by the legislation.

The corporate governance model, developed within the Concern MG Baltic, completely ensures a flexible, effective, and timely decision-making process in all controlled companies.