Thursday 18 January 2018

Remuneration Committee

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CHAIRMAN

  • Hiro Athanassiou, Independent Non-executive Member of the Board

MEMBERS

  • Alexander Macridis, Independent Non-executive Member of the Board
  • Petros Sabatacakis, Independent  Non-executive Member of the Board

DUTIES - COMPETENCES

The Remuneration Committee is responsible to recommend to the Board of Directors the level and structure of remuneration for all executive directors and senior management in accordance with conditions prevailing in the market and in order to attract, retain and motivate directors and employees of the highest caliber.

STRUCTURE

The Committee consists entirely of non-executive directors of the Board, appointed by the Board, at least two of which are independent directors. The Chairman's duties are assigned to one of the independent members of the Committee, and the duties of the Secretary are performed by the head of the Company's Human Resources Department, or their deputy.

The term of office of the members of the Committee is commensurate to the term of the Board of Directors.

MEETINGS

The Remuneration Committee holds an ordinary meeting within the first five months of each year and extraordinary meetings whenever it is deemed appropriate by the Chairman or any member of the Committee.

Report 2016