<Evaluation of the Board of Directors and its Committees in 2012
In 2012, the Company’s Board of Directors held six scheduled meetings on March 1, May 3, June 8, August 29, November 12 and December 14.
Below is a table showing which members attended these meetings of the Board of Directors and its Committees during 2012.
BOARD AND COMMITTEE MEETINGS – FREQUENCY AND ATTENDANCE
Six scheduled |
Audit Committee |
Nomination and Corporate Governance Committee |
Remuneration Committee |
|
NAMES |
Board meetings |
Four meetings |
Three meetings |
One meeting |
ANDREAS CANELLOPOULOS |
6/6 |
3/3 |
||
TAKIS(EFSTRATIOS-GEORGIOS) ARAPOGLOU * |
5/6* |
3/3* |
||
DIMITRIOS PAPALEXOPOULOS |
6/6 |
|||
EFTICHIOS VASILAKIS |
5/6 |
3/4 |
||
EFTHYMIOS VIDALIS |
6/6 |
|||
GEORGE DAVID |
2/6 |
1/1 |
||
SPYRIDON THEODOROPOULOS |
4/6 |
3/3 |
||
NELLOS CANELLOPOULOS |
6/6 |
|||
TAKIS-PANAGIOTIS CANELLOPOULOS |
6/6 |
|||
PANAGIOTIS MARINOPOULOS |
3/6 |
1/1 |
||
ALEXANDRA PAPALEXOPOULOU-BENOPOULOU |
6/6 |
|||
PETROS SABATACAKIS ** |
4/6 |
4/4** |
1/1** |
|
MICHAIL SIGALAS |
6/6 |
|||
VASSILIOS FOURLIS |
6/6 |
4/4 |
* Participated through teleconference in two Board meetings and one meeting of the Nomination and Corporate Governance Committee.
**Participated through teleconference in one meeting of the Audit Committee and one meeting of the Remuneration Committee
The activities of the Board of Directors, Audit Committee, Remuneration Committee, Nomination and Corporate Governance Committee during 2012 and the individual contribution of each member of the Board of Directors was evaluated by the members of the Board of Directors by filling out a special, detailed questionnaire which had been prepared by the Company Secretary. The questionnaire was divided into 8 sections (Leadership, Line-up-Effectiveness-Board operations, BoD Work-Responsibility, Accountability - Communication with Shareholders, Remuneration, Committees Function, Members Attendance at the Board Meetings and the Shareholders Meetings and Individual Evaluation of the Members). Each member’s contribution is evaluated with a score, ranging from 1 to 4, corresponding to poor, moderate, satisfactory and excellent contribution.
The questionnaires were filled out anonymously and sent to the Company Secretary.
The Nomination and Corporate Governance Committee presented the conclusions drawn from the answers to these questionnaires to the Board of Directors and submitted specific proposals on how to further improve the operations and performance of the Board of Directors and its Committees.
Moreover, the Board’s independent members evaluated the Chairman’s performance during their meeting, without the Chairman or other executive members being present.