MYTILINEOS S.A. Leading the Way to Corporate Governance Evolution
Athens, 5 July 2018 – Following the merger that was completed in 2017, MYTILINEOS S.A. was transformed into a brand new company by way of absorption of Aluminium of Greece, METKA and PROTERGIA. This process created a single corporate entity with greater power and flexibility. MYTILINEOS S.A. is an increasingly influential and formidable company, which has taken the initiative to update its corporate structure and governance system based on the most renowned and respected global standards. The new tactics that MYTILINEOS S.A. has chosen to adopt have played a decisive role in the firm’s metamorphosis into a strong Greek company, whose expanded global reach and influence allows it to prosper in global markets.
The annual report of the company’s activity in 2017 has proven that the merger was the best course of action for MYTILINEOS S.A. because it confirms its expected benefits; the firm’s success is expressed both in terms of finance and with regard to non-economic results, highlighting the importance of the new corporate structure and the salience of the new model of corporate administration.
MYTILINEOS S.A. is dedicated to the prospect of organizational change as well as to emerging global principles of corporate governance, which aim at ensuring corporate transparency and responsibility and which are espoused by the world’s largest leading companies. Precisely, the new system of Corporate Governance arose from changes in Board Governance and Executive Governance functions.
The MYTILINEOS S.A. Board has developed into a more independent and powerful body, and its members are all experienced and distinguished specialists in their fields. Therefore, they are best suited to keep in check the company’s workings and contribute to the desired results. Additionally, the model of Executive Governance is now based on the separate administrations of the strengthened Business Units as well as the supporting departments, which manage the everyday corporate activity.
Thanks to the new practices and policies that it has chosen to embrace, MYTILINEOS S.A. is in the position to create added value for its employees, its shareholders and its social partners, all the while intending to also generate benefits for the wider social community.
