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