INDICATOR: 2-13
Delegation of responsibility for managing impacts
The responsibilities of the Chairman are stipulated by the Articles of Association of the parent company, the relevant law, the delegation of responsibilities in accordance with relevant decision of the Board, and the Code that has been adopted by the parent company, as reflected in the Internal Regulation of the parent company.
The Chief Executive Officer is the higher executive and legal representative of the company and is responsible for all business segments and all of its operations.
The Group Executive Committee
- Formulates the strategy and development plan for the Group’s activities, in the form of mid-term and annual business plans,
- Monitors the course of business of all activities of the Group, through the financial results and KPIs,
- Monitors, informs and coordinates matters affecting the Group’s activities and requires a well coordinated approach by the entire Management team.
Senior executive meetings define sustainable development issues and agree on the hierarchy of objectives, subsequent activities and reporting of results.
Sustainability constitutes part of executives and employees’ daily activities. For example, it is used as a parameter in regular working discussions and Organizational Units and/or Executives’ performance assessments, thereby making its implementation a shared responsibility across all levels of the Group’s hierarchy.
The submission of sustainable development issues to the Board of Directors takes place when the relevant memorandum drafted by the relevant General Division Manager is submitted to the CEO. If the matter falls within the competence of one of the BoD Committees, it is examined by it, which then proceeds with the relevant recommendation to the Board of Directors.
The positions of the Group’s Director of Corporate Relations and the Director of Health, Safety, Environment and Sustainable Development have responsibilities for planning, input and implementation and report to the Chief Executive Officer.
The Group Ηealth, Safety, Environment and Sustainable Development Division submits a report on the environment, health and safety issues to the BoD at least twice a year.