Compliance, Ethics and Culture Committee

The Compliance, Ethics and Culture Committee was established (initially as Ethics and Culture Committee) by Board decision (meeting no. 1622/26.07.2018), aiming, among others, to ensure the application of the highest standards of ethics and integrity throughout all of the activities of the Bank in accordance with international best practice. In November 2020 the Committee was renamed to Compliance, Ethics and Culture Committee and its Charter was revised, aiming to strengthen the holistic compliance supervision at Board level. The Committee is composed of at least three non-executive Board members. The HFSF Representative at the Board of Directors and at least one of the members of the Audit Committee shall also participate as members of the Committee. All members of the Committee are non-executive Board members, in their majority (excluding the HFSF Representative), (including the Chair), independent members of the Board in accordance with the definition of independence specified in the relevant framework, particularly Article 9 of Greek Law 4706/2020, and the Bank's Corporate Governance Code. The members of the Committee (including its Chair and Vice-Chair) shall be appointed by the Board on the recommendation of the Corporate Governance & Nominations Committee. The Committee convenes regularly and keeps minutes of its meetings.

In March 2021, the Committee Charter was revised.

Charter of the Compliance, Ethics and Culture Committee