Internal Audit is an Independent unit, which reports to the company’s Audit Committee.
The Internal Auditor has full, free and unlimited access to the premises, executives of all ranks of hierarchy and all departments data within the Group, in the frame of the implementation of regular and extra audits.
Main tasks of the Internal Audit are :
a) Monitoring the implementation of the company’s internal regulations, the observance of the articles of association and legal framework that rule the company’s operation and activities.
b) Reporting to the Audit Committee any potential conflict of interest between members of the Board of Directors or management and the Company.
c) Drafting and submitting to the Audit Committee of reports on the audits performed.
The company’s Internal Auditor is present at the Shareholders Annual General Assemblies.
The company’s Board of Directors by virtue of its resolution as of 4/7/2011 appointed Mr George Soulis, holder of School of Higher Industrial Studies of Thessaloniki (Anotati Viomihaniki Sholi Thessalonikis) after the change University of Macedonia. Mr. George Soulis has an extensive experience in positions of Financial Manager.