Audit Committee

 

The Audit Committee is appointed by the General Meeting of Shareholders and operates in accordance with article 44 of law 4449/2017 as amended by article 74 of law 4706/2012, articles 10, 15 and 16 of law 4706/2012 and EU Regulation No. 537/2014, the Hellenic Corporate Governance Code that the Company has voluntarily adopted (https://www.athexgroup.gr/web/guest/esed) and provisions of the Internal Regulation Charter and this Regulation describes the responsibilities, duties and obligations of the Internal Audit Department in relation to the above framework.
 
The Audit Committee is established in order to support the Board of in its duties regarding:
• financial information,
• internal control systems,
• the Internal Audit Department
• regulatory compliance and risk management systems and
• supervision of the regular auditor of the Company and the consolidated financial statements of the Company.
 
Audit Committee Charter has been approved by the Company’s Board of Directors.
 
The participation rate in the meetings of the Audit Committee for the year 2019 was 83%.
 
 
The current composition of the Audit Committee is as follows:
 
  • John Costopoulos, Chairman of the Committee, Independent Non Executive Member of the Board of Directors
  • David Watson, Member of the Committee, Independent Non Executive Member of the Board of Directors
  • Stylianos Stefanou, Member of the Committee elected from the General Assembly of the Shareholders that took place on June 12, 2020, with a proven track record in auditing and accounting.
 
 
Related Documentation: 
 

Audit Committee Charter

 

Nomination and Remuneration Committee

The function of the Board of Directors of FOURLIS HOLDINGS S.A. is supported by its Nomination and Remuneration Committee.

 

The main responsibility of the Nomination and Remuneration Committee is to lead the procedure of submission of nominations for the election of Board and submits proposals to the Board of Directors their remuneration. The annual ordinary meeting of the Nomination and Remuneration Committee is held in October of every year before the configuration of budget of the next year. The minutes of the Nomination and Remuneration Committee are distributed and approved in the next meeting of the BoD.

 


The Nomination and Remuneration Committee is responsible for:

  • Proposal submissions to the Board of Directors concerning the remuneration of each individual executive Board Member, including bonuses, incentive payments and share options. 
  • Reviewing and making proposals to the Board of Directors on the total annual package of variable (beyond salary) compensation in the Company. 
  • Reviewing and proposing to the Board of Directors (and, via the Board of Directors, the General Assembly of shareholders, when required) on the stock option and/ or share award programs. 
  • Proposing targets for performance – related compensation or targets related to stock-options or granting of shares. 
  • Reviewing regularly the salary of executive Board Members and other contractual terms, including severance payments and pension arrangements. 
  • Submitting proposals to the Board on any business policy related to remuneration. 
  • Reviewing the annual remuneration report. 

 

The function of the Nomination and Remuneration Committee of the Board of Directors is detailed in the Charter of the Committee approved by the Board of Directors and posted on the web site of the Company.

Related Documentation:

Nomination and Remuneration Committee Charter

 
 
    Contact Us
  • Telephone: +30 210 629-3000
  • Email: info@fourlis.gr
  • Address: 18-20 Sorou Str.
    Building Α', Maroussi, GR-15125, Athens
© 2020 FOURLIS Group, All rights reserved.