EYATH S.A. applies the Greek legislation on companies contained in Codified Law 2190/1920, as in force today, and Law 3016/2002 as a listed company, and has also brought its Articles of Association into line with Law 3429/2007.
Article 13 of EYATH S.A.’s codified Articles of Association, approved by decision No. Κ2-16550/19-11-2007 of the Minister of Development (Government Gazette 13309/20.11.2007) states that the Company is to be run by the Board of Directors comprised of between 9 and 11 members elected by the Company’s General Meeting of Shareholders. Their term in office is 5 years.
Members are either executive or non-executive (at least 2 of the latter must also be independent). Two members of the Board of Directors represent employees.
Once elected the Board of Directors must convene and officially meet as a body and elect a Chairman and one or more Vice Chairmen. It can also elect a CEO from among its members. The position of Chairman may be held by the same person holding the position of CEO.
The Board of Directors also decides on the appointment of general managers and their duties.