The Strategy Committee was established by Board decision (meeting no. 1387/ 29.9.2009), while it was renamed to Strategy and Transformation Committee by Board Decision (meeting no. 1622/26.07.2018). The Committee supports the executive Board members in developing the Group’s strategic options, assists the Board in taking decisions on all issues related to NBG Group strategy and regularly reviews the implementation of the Group’s strategy by the Group’s management team. At least three members of the Committee are independent non-executive members of the Board of Directors in accordance with the definition of independence included in the relevant framework, particularly in Article 9 of Law 4706/2020, and in the Bank's Corporate Governance Code.
The Committee members (including its Chair and Vice-Chair) are appointed by the Board upon recommendation of the Corporate Governance and Nominations Committee. The Committee members shall be selected on the basis of their competence and experience.
In May 2023, the Committee Charter was revised.
Charter of the Strategy and Transformation Committee