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Corporate Governance

SEV promotes enhanced transparency and corporate governance rules, as well as the simplification, modernization and restructuring of company law, in order to provide a competitive and business-friendly environment for entrepreneurship. As the business environment improves, businesses must raise the standard of corporate governance. The legal framework offers opportunities but also challenges with respect to its implementation, which need to be resolved through a close cooperation between the authorities and the business community.

Top Priorities

Hellenic Corporate Governance Council: A joint initiative with the Athens Stock Exchange aiming to enhance the credibility of the Greek market. The Council’s main priorities include re- drafting and promoting the Hellenic Corporate Governance Code, monitoring, and evaluating its implementation, as well as continuously adapting it to the conditions and requirements of the international and domestic markets.
Enhance compliance: SEV strongly supports transparency, efficient regulatory compliance, and risk management, as means for operational excellence, building trust and long-term sustainability of organizations.

Policy Issues

The law 4706/2020 on corporate governance together with the new Hellenic Capital Market Commission decisions and circulars and the law governing the SA’s, bring forward an interesting and complex set of rules for the Greek SAs to comply with. Having communicated the need for a straightforward and clear framework together with rigorous surveillance as a prerequisite for a better and competitive corporate and investment environment, SEV will remain at the forefront assisting listed and non-listed companies in their efforts to comply with the new framework.
The new EU Directive on whistleblowing creates a new framework for private entities, public administration, and local authorities for tackling fraud and managing corruption risks effectively. SEV will follow the transposition to the national law in order to safeguard the goals of the regulator and to create functional obligations for the companies’ fight against fraud.

Committees & Working Groups

Corporate Governance Working Group: Experts and professionals from leading businesses and key stakeholders work to formulate policy proposals and facilitate the dissemination of best practices aiming to promote the main corporate governance principles as well as ideas and solutions for effective compliance with the new rules. Our Corporate Governance Working Group was activated during the consultation on the new Greek law on corporate governance and Hellenic Capital Market Commission decisions and circulars, producing solid proposals for a simpler and more functional framework.

How to get involved

Subject specific events: Attend our specialized workshops and events covering the latest governance trends and compliance tools.
Be up to date: Follow our monthly Regulatory Affairs bulletin to acquire any latest news on competition and consumer framework and contribute by publishing your own expert opinion.
Consultations: Participate in decision making through public consultations. Send us our comments, views and ideas on public consultations or other regulations and help us raise the voice of entrepreneurship in Greece.
Business Pulse: Participate in our annual survey evaluating the business environment and help us to monitor the progress made, to highlight vulnerabilities and mostly to promote viable and realistic solutions to public administration. The survey comprises three parts: assessing the barriers to business environment, on both macro and micro level, evaluating the recent reforms and measuring public sector performance.