OPAP has established the following committees:
The Audit Committee
The Audit Committee is established for the primary purpose of assisting the Board of Directors in fulfilling its oversight responsibilities for the financial reporting process, the system of internal control, the internal audit performance, the external auditor’s appointment, remuneration and independence and the OPAP’s process for monitoring compliance with laws and regulations and the code of conduct. Meetings are held regularly, at least six times a year or even exceptionally when this is deemed necessary. The Audit Committee operates according to a Board approved charter and comprises three Independent Non-Executive Members:
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Cherrie Chiomento – Chairwoman
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Nicole Conrad-Forker – Member
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Georgios Mantakas – Member
Audit Committee Charter
The Remuneration and Nomination Committee
The primary objective of the Remuneration and Nomination Committee is to assist the Board discharge its responsibilities, in the following areas:
- Ensuring that the appropriate procedures exist to assess the remuneration levels of the Chairman, Non-Executive Board members, Executive Board members, direct reports to the Chief Executive Officer, Board Committees and the Board as a whole;
- Ensuring that the Company adopts, monitors and applies appropriate remuneration policies and procedures;
- Ensuring that reporting disclosures related to remuneration meet the Board’s disclosure objectives and all relevant legal requirements;
- Reviewing succession plans of Board executives and executive officers on a regular basis to maintain an appropriate balance of skills, experience, expertise and diversity in the management of the Company, and providing advice to the Board accordingly and
- Assessing any candidates and nominating new members for the Board.
Meetings are held at least twice a year regarding remuneration issues and whenever it is deemed necessary. The Remuneration and Nomination Committee operates according to a Board approved charter and consists of the following non-executive members of the Board:
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Nicole Conrad-Forker – Chairwoman
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Theodore Panagos – Member
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Igor Rusek – Member
Remuneration Nomination Committee Charter
