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Corporate Governance

Corporate Governance

General

This code has been prepared by ELLAKTOR SA pursuant to Law 3873/2010 and includes the principles of corporate governance which regulate the company’s management and control.  It was based on the most recent Corporate Governance Code of the Hellenic Federation of Enterprises (SEV) (January 2011) and, by extension, on the Principles of Corporate Governance of the OECD, the ‘Principles of Corporate Governance in Greece - Recommendations for its Competitive Transformation’ of the Hellenic Capital Market Commission.

The Corporate Governance Code developed by ELLAKTOR is primarily regulated by the mandatory rules that have been ratified by laws or regulations of competent bodies such as the Hellenic Capital Market Commission.

The Company’s code is structured as follows: The general principles are presented first, being the general framework, the guidelines of corporate governance. Then, these general principles as translated into “compliance” or “explanation” provisions which form the basis of the corporate governance statement of ELLAKTOR SA pursuant to Law 3873/2010.  The code and, as a result, the contents of the corporate governance statement are regularly reviewed and modified accordingly.