The Company’s Articles of Association provide that 11 out of the 13 members of the BoD are appointed and not elected by the General Assembly which is a deviation from the Corporate Governance Code which is highlighted in the Group’s published Corporate Governance Statement. Nevertheless, in recent years significant efforts have been made towards promoting the main principles of corporate governance. Therefore over the last twelve months:
The BoD convened 32 times, thus its collective operation was upgraded and enhanced.
For the first time, an assessment of the BoD’s operation and its Committees took place under the Hellenic Corporate Governance Council’s basic Corporate Governance Code principle.