Corporate Governance

FOURLIS HOLDINGS S.A.

Internal Control System

Internal Audit Department

The Internal Audit Department operates according to articles 15 and 16 of law 4706/2020, the Hellenic Corporate Governance Code that the Company has voluntarily adopted and provisions of the Internal Regulation Charter. Internal Audit Charter that has been approved by the Company’s Board of Directors, describes the responsibilities, duties and obligations of the Internal Audit Department in relation to the above framework.

Regulatory Compliance Unit

The Regulatory Compliance Unit constitutes an independent organisational unit operating within the Company, and also constitutes separately the 2nd defence line aiming at the establishment and implementation of the proper and updated policies and procedures, so that the full and continuous compliance of the Company with the relevant applicable and effective institutional and supervisory framework can be timely achieved, and a full picture about the extent of fulfilment of this purpose shall exist at any time.

Risk Management Unit

The mission of the Risk Management Unit (RMU) is the substantial contribution in the development of a modern operational framework at all organisational levels, for the acknowledgement, assessment and management of the risks faced by the Company.
The RMU ensures that the risks undertaken by the Company’s units are consistent with the disposition for taking risks and with the tolerance limits which the senior administration shall specify and form.

Information Security Unit

The main responsibilities of the Information Technology and Security Division is the Group IT Management, the development if the IT Strategy, the implementation of new IT projects, support, maintenance and upgrade of the IT infrastructure of the Group, implementation, support and maintenance of various IT software applications and systems and the information security.

External Independent Evaluation of Internal Control System

The first evaluation of the ICS has been assigned to Grant Thornton (TIN 094399329) and aimed at ensuring the adequacy and effectiveness of the Company's ICS, in accordance with the provisions of article 14 par.3 lit.i and par.4 of L.4706/2020, the Decision No.1/891/30.09.2020 of the Board of Directors of the Hellenic Capital Market Commission, as well as the Decision No. 2/917/17.06.2021, which has amended the Dec.1/891. The entire project has been directed by Mrs Athina Moustakis, Partner holding the Reg.No. 28871 in the Institute for Certified Public Accountants, who participated in all its stages and was responsible for the final approval, signing and execution of the deliverables. The conclusion of Adequacy and Effectiveness Evaluation Report of the ICS was unqualified (without reservation), given that no substantial deficiencies have been detected and the relevant Detailed Report dated 6/3/2022 has been submitted to the Board of Directors and to the Company's Audit Committee, whereas its summary has been submitted to the Hellenic Capital Market Commission.

Contact Us

Telephone: +30 210 629-3000
Email: info@fourlis.gr
Address: 18-20 Sorou Str.
Building Α', Maroussi, GR-15125, Athens