Page 12 - Corporate Responsibility Report 2015
P. 12
2 Corporate Identity
governance structure and approach in following an agreement between the for the decision of the Board and its
line with the principles set forth in the Greek State and the shareholdings Committees include without limitation:
applicable legislation. holding the majority of the ordinary (a) the approval of the overall long-term
shares or in case of non-achievement strategy, corporate goals and formal
The nine-member Board of Directors of such an agreement, by the Chairman Business Plan, (b) approval of annual
elected by the General Meeting of of the European Investment Bank. The operating and capital budgets, (c)
Shareholders with a two-year term of CEO, being responsible for the day to ensuring the integrity of the Company’s
office, bears the responsibility for the day management and operation of the accounts and financial reporting systems,
management and administration of Company’s activities is proposed by the (d) approval of major Pricing Policies,
all corporate matters and affairs and private shareholders and participates in (e) approval of major contract awards,
has in this respect delegated specific all Board of Directors meeting without and (f) delegation of powers related
authorities to the Chief Executive Officer being entitled to vote. Board Meetings to administration, management and
and the members of Management are held on a monthly basis and are representation of the Company. In
respectively. The Greek State advises supported by a competent, qualified order to allow an effective discharge
the Company for the appointment and experienced Company Secretary of its duties, the Board has established
of four members (also indicating the who advises Board members with a appropriate Board Committees which
Chairman), while shareholders who view to ensuring that statutory and have an advisory capacity. These are the
represent the majority of the ordinary regulatory requirements are met as well Audit Committee, Personnel Committee,
shares other than those held by the as providing guidance on Board matters Finance Committee and Investment
Greek State, appoint four directors, to senior management. Committee. Board committees possess
also indicating the Vice Chairman. specialised knowledge, discuss issues
The ninth director is appointed either The schedule of matters reserved
AIA Organisational Structure
Internal Board Commu-
Audit of Directors nications &
Marketing
Chief
Executive Legal
Officer (CEO) Affairs
Dr I.Ν. Paraschis Corporate
Planning
Chief Chief Chief Corporate
Operations Development Finance & Control
Officer (COO) Officer (CDO) Administration
Officer (CFO) Corporate
A. Aravanis G. Eleftherakos Security
P. Michalarogiannis
Human
Aviation Infor- Security Consumers Property Technical Corporate Resources
Business mation Operations Business Business Services Finance Manage-
Technology & Unit Unit
Unit Telecommunica- Environ- Unit Business ment
tions Business mental Control
Services Corporate
Unit Quality
Business
Control
12 | aia.gr
governance structure and approach in following an agreement between the for the decision of the Board and its
line with the principles set forth in the Greek State and the shareholdings Committees include without limitation:
applicable legislation. holding the majority of the ordinary (a) the approval of the overall long-term
shares or in case of non-achievement strategy, corporate goals and formal
The nine-member Board of Directors of such an agreement, by the Chairman Business Plan, (b) approval of annual
elected by the General Meeting of of the European Investment Bank. The operating and capital budgets, (c)
Shareholders with a two-year term of CEO, being responsible for the day to ensuring the integrity of the Company’s
office, bears the responsibility for the day management and operation of the accounts and financial reporting systems,
management and administration of Company’s activities is proposed by the (d) approval of major Pricing Policies,
all corporate matters and affairs and private shareholders and participates in (e) approval of major contract awards,
has in this respect delegated specific all Board of Directors meeting without and (f) delegation of powers related
authorities to the Chief Executive Officer being entitled to vote. Board Meetings to administration, management and
and the members of Management are held on a monthly basis and are representation of the Company. In
respectively. The Greek State advises supported by a competent, qualified order to allow an effective discharge
the Company for the appointment and experienced Company Secretary of its duties, the Board has established
of four members (also indicating the who advises Board members with a appropriate Board Committees which
Chairman), while shareholders who view to ensuring that statutory and have an advisory capacity. These are the
represent the majority of the ordinary regulatory requirements are met as well Audit Committee, Personnel Committee,
shares other than those held by the as providing guidance on Board matters Finance Committee and Investment
Greek State, appoint four directors, to senior management. Committee. Board committees possess
also indicating the Vice Chairman. specialised knowledge, discuss issues
The ninth director is appointed either The schedule of matters reserved
AIA Organisational Structure
Internal Board Commu-
Audit of Directors nications &
Marketing
Chief
Executive Legal
Officer (CEO) Affairs
Dr I.Ν. Paraschis Corporate
Planning
Chief Chief Chief Corporate
Operations Development Finance & Control
Officer (COO) Officer (CDO) Administration
Officer (CFO) Corporate
A. Aravanis G. Eleftherakos Security
P. Michalarogiannis
Human
Aviation Infor- Security Consumers Property Technical Corporate Resources
Business mation Operations Business Business Services Finance Manage-
Technology & Unit Unit
Unit Telecommunica- Environ- Unit Business ment
tions Business mental Control
Services Corporate
Unit Quality
Business
Control
12 | aia.gr
