General Board Members Meeting on “corporate governance”

A General Board Members Meeting was held on November 19, 2018 at SEV premises in order to relaunch SEV initiatives on Corporate Governance and address the issues of malpractice that recently surfaced in the Greek market.
Mr. Fessas, President of SEV and representatives of the Hellenic Banks Association, the Athens Stock Exchange, the Hellenic Capital Market Commission and the Hellenic Corporation of Assets and Participations jointly proposed the amendment and update of the existing framework on corporate governance towards a more concrete, effective and modern framework that will activate both companies and public authorities to work more responsibly towards raising the level of corporate governance within Greek companies. To this end, they announced the reestablishment of the Hellenic Corporate Governance Council formed by SEV, the Athens Stock Exchange and the Hellenic Banks Association, as a means of responsible action on behalf of the private sector to assist in the realization of these goals.
Moreover, SEV proposed a set of other legislative improvements that will allow for the creation of enhanced transparency and visibility of corporate actions and make commercial publicity a tool for the establishment of accountability and trust in the market.