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Overall strategic goal
It is in the public interest to provide the purposeful and efficient management of real estate that is strategically important for national security, necessary for state institutions to perform state functions, for the preservation of cultural heritage, for the development of state or municipal administrative territory, including the preservation and increase of their value. To ensure the efficient management of real estate not used for state functions.
Corporate governance model
The management model of SJSC “State Real Estate” has been developed in accordance with the good practice of corporate governance, separating strategic and operational management. The company is managed by the Shareholders' meeting, the Council and the Board. According to the Articles of Association of SRE, the Council of the company has three members and the Board of the company has three members.
The company's operations are determined by regulatory enactments and industry policy planning documents in the field of real estate alienation and construction, as well as regulatory enactments that regulate the handling of state property and financial resources. Pursuant to the general strategic goal, the medium-term operational strategy of SRE for 2018-2022 has been approved.
Shareholder of SRE
The capital shares (shares) of the State Joint Stock Company “State Real Estate” belong to the state of Latvia. The holder of state capital shares is the Ministry of Finance. Pursuant to the provisions of the Law On Governance of Capital Shares of a Public Person and Capital Companies, decisions are made by the State Secretary of the Ministry on behalf of the holder of capital shares.
The Council represents the interests of the shareholder between meetings, as well as supervises the activities of the Board within the framework specified in regulatory enactments and the Articles of Association of SRE. According to the Articles of Association of SRE, the Council has three members. The work organisation of the Council is defined in its regulations.
Chairman of the Council
On 30 December 2019, he was appointed as Member of the Council, and on 8 January 2020 he was elected as Chairman of the Council of SJSC “State Real Estate”. Since 2015, Janis Garisons (Jānis Garisons) is State Secretary of the Ministry of Defence. In this institution he has also held a number of other leading positions: from 2013 to 2015 he was Deputy State Secretary of the Ministry of Defence – Policy Director, from 2009 to 2013 – Political Director, from 2007 to 2009 – Director of the Crisis Management and Mobilisation Department, and from 2005 to 2007 – Deputy Director of the Crisis Management and Mobilisation Department. Prior to that, J. Garisons worked in the Ministry of Foreign Affairs, where he held the position of Director of the Security Department from 2004 to 2005, from 2004 to 2005 he worked as Head of the NATO and European Security Division and from 2002 to 2003 – Head of Regional Cooperation and Arms Control. From 1999 to 2002, J. Garisons was First Secretary of the Latvian Embassy in Norway and from 1997 to 1999 – Head of Russia and the Commonwealth of Independent States Division of the Ministry of Foreign Affairs. Garisons obtained a Master’s Degree in Strategic Studies at the U.S. Army War College and a Master’s Degree in History Science of the History and Philosophy Faculty at the University of Latvia. He has attended training in the Geneva Security Policy Centre in Switzerland, and also completed an anti-terrorism course in the USA. Garisons has received a number of awards, including the Fourth Class Order of Viesturs, Certificates of Gratitude from the Cabinet of Ministers and the Prime Minister. Since 2016, J. Garisons is serving in the National Guard.
Deputy Chairman of the Council
On 19 December 2016 she was appointed as Member of the Council of SJSC, and on 20 January 2016 she was elected as Deputy Chairman of the Council of SJSC “State Real Estate”. The previous work experience of Inta Komisare is related to the field of public sector financial activities and financial management, including holding senior positions in municipal capital companies. More than 10 years of experience in managing the financial operations management structural unit in one of the largest and most organised Latvian municipalities - Ventspils. I. Komisare was responsible for the control of budget formation and execution, as well as for the administration of taxes to be included in municipal budgets and the management of the preparation of consolidated financial statements. Several significant development projects and structural reforms were implemented in Ventspils City Council, as a result of which the municipal financial management processes were improved. Experience has also been gained during the financial crisis, monitoring the financial stabilisation process in Ādaži Municipality. After successful cooperation of the stabilisation process supervisor with the municipal management, the restoration of solvency was achieved and the stabilisation process was terminated. Since August 2014, I. Komisare has been Director of the Municipal Financial Supervision and Financing Department of the Ministry of Finance. I. Komisare has graduated from the Faculty of Economics and Management of the University of Latvia with a diploma in economics, a professional master's degree in business management from Ventspils University of Applied Sciences, as well as a graduate of the Institute of Financial Accountants with a diploma in international accounting standards. Knowledge is also regularly supplemented in professional courses and seminars.
Member of the Council
She was appointed as Member of the Council of SJSC “State Real Estate” On 30 December 2019; the professional experience of Ieva Braunfelde is related to her work in the State administration -- management of the administrative work of the Ministry of Finance. Under the leadership of I. Braunfelde, policy development and coordination is ensured in the areas of state real estate, as well as private partnership and public procurement. From 5 May 2014 until now, I. Braunfelde has been Head of the Administration of the Ministry of Finance. Her work duties include the planning and management of the administrative work of the Ministry of Finance. She obtained a Master’s Degree in Legal Science in the Faculty of Law at the University of Latvia and a Diploma for obtaining a Lawyer’s Qualification, as well as a Bachelor’s Degree in Economics. She has improved her professional skills in various courses in relation to European Union issues, as well as gained knowledge of international accounting and audit standards.
The board is the executive body of the state capital company, which manages and represents the capital company jointly. According to the Articles of Association of SRE, the Board has three members. The Board makes decisions on all issues regarding capital, the company's operations, except for those that are within the competence of the Council or the Shareholders’ meeting The work organisation of the Board is defined in its regulations.
Chairman of the Board since 6 January 2020
Renārs Griškevičs has extensive experience in multinational company management, digital transformation, and corporate management governance, as well as experience in business management in Latvia and Central and Eastern Europe. For a decade, he has held leading positions in various branches of different countries of a construction manufacturer, CEMEX, gaining extensive experience in operational, financial, and investment supervision, strategic planning, and procurement supervision. As Chairman of the Board of SRE, Griškevičs is responsible for financial management, investment financing, and supervision. Prior to this, R. Griškevičs was Head of the company FTS Baltic, being responsible for the start-up of the production company, the strategy and investments in Latvia. From 2016 to 2018 – he served as the Financial and Administrative Director of CEMEX, and was a Member of the Industry Competence Council of the Latvian Chamber of Commerce and Industry. From 2011 until 2015, he managed the group companies of CEMEX in Hungary, he was also a Member of the Council in CEMEX Austria, until October 2011 he fulfilled the duties of Financial and Administrative Director of SIA CEMEX. He has obtained a Master’s Degree in European Studies and a Bachelor’s Degree in Business Management at the University of Latvia. In addition, he has attended local and international studies at the Institute of Corporate Governance in the Baltics, professional training of board members, etc.
Member of the Board since 1 October 2017
On the SRE Management Board, Andris Varna (Andris Vārna) is responsible for the Customer service function. From 2011 until September 2017, he was Head of Real Estate and facilities management in Latvia and the Baltics at JSC SEB banka. The main duties for Mr. Varna in this position were the leading of real estate management and control at the Latvian and Baltic level. Likewise, Mr. Varna was responsible for strategic planning of the real estate rental portfolio, monitoring of projects and services, financial management, as well as financing and monitoring of investments. Andris Varna is the only one in the Baltic states to have acquired a Certified Property Manager, CPM® Certificate in the USA.
A. Varna acquired professional higher education in economics, as well as professional higher education in business and management at Riga Technical University, Faculty of Engineering Economics and Management. A. Varna continues to add to his education in England, at the British Institute of Facilities Management.
Today, well-functioning internal control systems are becoming increasingly important in business. The purpose of the internal audit department is to strengthen the value of SJSC “State Real Estate” and to help the company's council, board and heads of structural units to achieve the set strategic and business goals more effectively with an independent and objective assessment.
The internal audits allow one to assess the compliance of SRE processes with the requirements of regulatory enactments, operational objectives and the efficiency of the company's operations. They help to develop proposals for the improvement of the internal control system, thus improving the operation of SRE as a whole.
The Internal Audit Department of SRE is independent and directly subordinated to the Council of the company. It is not involved in the direct performance of the functions of SRE.
SJSC “State Real Estate” is the largest manager of Latvia’s greatest assets – land and buildings. Land and cultural heritage, old and modern buildings, state border and customs infrastructure – all of these are national treasures for the people of Latvia.