COMMITTEE ON REMUNERATION AND NOMINATION OF CANDIDATE BOARD MEMBERS
The current Committee on Remuneration and Nomination of Candidate Board Members is consisted of three members of the Board of Directors.
Efstathia Salaka – Independent Non-Executive Member of the Board
Graduate of the Law School of the University of Athens and holder of a Master’s Degree, LL.M, from the University of Southampton, Great Britain. Since 1993 she has been an executive member of the Legal Service of PPC SA and since 2005 she has been the head of the Tenders and Contracts Department as well as a special executive (expert) on issues of industrial customers. She has handled numerous cases before the Greek administrative authorities and courts, before arbitral tribunals (ICC, RAE, KPoldik), the European Commission and the European Court of Justice, in the fields of commercial law, European competition law, energy law and financial law. In the context of her involvement, she has provided consulting services to the Management and the senior executives of PPC SA on issues of strategic importance
Vasileia Manoli – Independent Non-Executive Member of the Board
Graduate (B.Sc) in Accounting and Finance from the American College of Greece and holds a Master’s Degree in Business Administration (MBA) in Financial Services from Alba Graduate Business School. She has 27 years of experience in the private sector in positions of responsibility. She was a Financial Advisor – in the Strategy / Business Development Department of ING Hellas from 1998 until 2005. From 2005 until today she belongs to the executive staff of Eurobank SA.
Panagiotis Konstantinou – Non-Executive Member of the Board
Certified Mechanical Engineer of NTUA and holder of postgraduate degrees (MSc) in Automation Systems (NTUA) and Applied Economics from the Athens University of Economics and Business, as well as studies in Industrial Marketing at INSEAD in France. He belongs to the executive staff of SIDENOR SA since 2014 and today holds the position of Commercial Manager. He has been a Non-Executive Member of the Company’s Board of Directors from May 2018 until December 2020.
The Committee on Remuneration and Nomination of Candidate Board Members is a uniform Committee responsible for identifying suitable persons to be appointed as BoD members and for submitting recommendations to the BoD, pursuant to articles 109-112 of Law 4548/2018, on the Remuneration Policy for Board Members, main Company executives and the Head of the Internal Audit Unit. The Committee’s members are appointed by the Company’s Board of Directors.
The Committee is responsible for preparing and periodically reviewing the Company’s Remuneration Policy, as well as for monitoring its application, taking into account the long-term interests of shareholders, investors and employees, as well as
public interest; it is also directed towards the long-term, prudent and virtuous management of the Company, and towards preventing or minimizing conflicts of interest that may harm this management.
The Committee is responsible for specifying the selection criteria and appointment procedures for the Board Members, periodically evaluating the BoD’s size and composition, as well as for submitting recommendations to the BoD regarding its desirable image. Moreover, it evaluates the current balance between qualifications, knowledge and experience in the Board of Directors; based on this evaluation, the necessary roles and abilities for filling in vacant positions are clearly described. This Committee’s responsibility also applies to the Company’s main top executives, respectively.
In addition, the Committee on Remuneration and Nomination of Candidate Board Members examines the information contained in the final draft of the annual remunerations report, communicating its view to the Board of Directors, before submitting the report to the General Assembly, pursuant to article 112 of Law 4548/2018.
The BoD makes sure the Company has a suitable plan of succession, which ensures the smooth continuation of the management of Company issues and of decision-making after a Board Member steps down, especially Executive Members and committee members.
The composition, structure, responsibilities and operation method of the Committee of Remuneration and Nomination of Candidate Board Members are described in detail in the Committee’s Operation Regulation, which has been compiled and posted on the Company’s website.