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Corporate Governance

Board of Directors Committees

Audit Committee

The Audit Committee consists of 3 Νon-Εxecutive Members, of whom all are Ιndependent. The main responsibilities of the Audit Committee are:

  • Τo monitor and assess the adequacy and effectiveness of the Internal Control System.
  • To submit proposals for the resolution of any weaknesses in the Internal Control System.
  • To monitor the implementation of measures that have been decided by the Board of Directors.
  • To evaluate the work of the Internal Audit unit.
  • To submit proposals to the Board of Directors for the selection or replacement  of the external auditors.

The members of the Committee are:

1. Costas Partassides, Chairperson - Independent Director

2. Maria Dionyssiades, Member - Senior Independent Director

3. William J. Gallagher, Member - Independent Director

Risk Management Committee

Τhe Risk Management Committee consists of three Non-Executive Members with sufficient knowledge and expertise in risk management. All members of the Committee are Independent. The main responsibilities of the Risk Management Committee are:

  • Τo develop the Bank’s strategy with regard to risk taking and capital management.
  • To assess the adequacy of the Bank’s risk management policy.
  • To evaluate the effectiveness of the Bank’s Risk Management unit.
  • Τo submit proposals to the Board of Directors on relevant matters.

The members of the Committee are:

  1. Maria Dionyssiades, Chairperson - Senior Independent Director

  2. Michalakis Sarris, Member - Chairman of the Board of Directors, Independent Director

  3. William J. Gallagher, Member - Independent Director
Nomination and Remuneration Committee

The Nomination and Remuneration Committee consists of 3 Non-Executive Members two of which are Independent. The main responsibilities of the Nomination and Remuneration Committee are:

  • To develop, periodically review and monitor the implementation of the Bank’s remuneration policy.
  • To assess the composition and performance of the Board of Directors.
  • Τo submit proposals to the Board of Directors for the selection, renewal or replacement of members of the Board of Directors.

The members of the Committee are:

1. Costas Partassides, Chairperson- Independent Director

2. Michalakis Sarris, Member – Independent Director

3. Bassam Diab - Member - Non Executive Director

Relevant Information:

Internal Regulation on Corporate Governance 2024

W 8BEN E

Wolfsberg Questionnaire