Report the nomination and selection processes for the highest governance body and its committees,
and the criteria used for nominating and selecting highest governance body members.
- p. 173-174, 179-181
There is currently no institutionalized nomination procedure for the members of the Board of Directors elected by the Special Shareholders’ Meeting of minority shareholders. However, it should be noted that given that they are the only two independent members of the BoD, the applications submitted to the Extraordinary General Meeting must meet the criteria of independence of the Greek Code of Corporate Governance and Law 3016/2002)
The composition of the BoD committees is based on the competencies, qualifications and experience of the BoD members involved in each committee.
The members of the Audit Committee are elected by the Ordinary General Meeting of Shareholders further to the proposal made by the Remuneration and Succession Planning Committee to the Chairman of the BoD, if the BoD members are the committee, they are all non-executive members and the majority of them are independent members. Members of the Audit Committee should have administrative experience and sufficient knowledge in the field of energy and at least one member of the Commission should have sufficient accounting and/or audit experience. The Chairman of the Committee is appointed by its members or elected by the General Meeting of Shareholders, and if he or she is a member of the Board of Directors, he or she should be an independent non-executive member and should have the necessary knowledge and experience to supervise audit procedures and issues of concern to the Committee.