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Remunerations Committee

Remunerations Committee

The Remunerations Committee is composed of the following Members:

NAMEREMUNERATIONS COMMITTEE STRUCTUREEXECUTIVE / NON EXECUTIVE MEMBERSINDEPENDENT MEMBERS
EVANGELOS MYTILINEOS CHAIRMAN NON-EXECUTIVE MEMBER  
SOPHIE DASKALAKI MEMBER NON-EXECUTIVE MEMBER  
CHRISTOS ZEREFOS MEMBER NON-EXECUTIVE MEMBER  INDEPENDENT

The key responsibilities of the Remunerations Committee include dealing exclusively with matters concerning staffing, remunerations and incentives at the level of senior executives of the Company and of its subsidiaries, and the submission of recommendations on the remunerations of these executives, so that the Board of Directors may make informed decisions in granting its approval. In addition, the Remunerations Committee submits to the Board of  Directors recommendations on the application of remunerations and benefits systems, on organisational changes involving the aforementioned executives, on the replacement of Board members when this is judged necessary on the basis of reasoned recommendations, and on the remunerations of the Board members.

Furthermore, the Committee proposes to the Board of Directors possible changes of executives in the Company’s organisational chart, Performance Review Systems for senior executives and measures to support the professional advancement of executives, and is also supervising the procedure for filling key Company positions. Finally, the Remunerations Committee is tasked with recommending to the Board of Directors the principles to govern the Company’s policy on human resources development. The Remunerations Committee draws up an annual report of its activities, which is addressed to the Annual General Meeting of the Shareholders, in line with the requirement for obtaining approvals as per the provisions of articles 23 (a) and 24 of Codified Law (C.L.) 2190/1920.