Internal Αudit is carried out by the Group Internal Audit Department, which is an independent function reporting to the Board’s Audit Committee.

The Group Internal Audit Department consists of:

1. The Department of Internal Audit of Greek Operations, whose duties include management auditing and ensuring that standard operating procedures are followed by the Company and its subsidiaries operating in Greece. It is also charged with ensuring compliance with all obligations required by law and specifically by the legislation regulating the Athens Exchange.
2. The Department of Internal Audit of South-Eastern Europe, the Eastern Mediterranean and IT, whose duties include management auditing and ensuring that standard operating procedures are followed by the Group’s companies in these regions. It is also responsible for audit of the IT systems used by Group companies in Greece and South Eastern Europe.
3. The Department of Internal Audit of U.S. Operations, responsible for auditing Group activities in the U.S.A.

Internal Αudit is currently conducted by 13 qualified staff members in Greece and abroad, all possessing the necessary training and experience to work to the highest standards.