Πανδημία COVID-19: Μέτρα εταιρικής κοινωνικής ευθύνης της Ελληνικής Αναπτυξιακής Τράπεζας

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Corporate Governance

Corporate Governance refers to a set of rules, principles and practices that form the basis of the operation, management, and control of the organization. The long-term goal is to balance the value and interests of all those connected to it (Shareholders, executives, customers, partners, the government, and the community.

In the above context, Hellenic Development Bank has adopted policies, principles and regulations that meet the requirements of the Greek law and are in accordance with international practices.

Hellenic Development Bank is governed by

  • The General Assembly of the shareholders
  • the Board of Directors:
  • The Chairman and CEO

 The BoD, led by the Bank’s CEO, is the fiduciary on behalf of the shareholders, responsible for decision making, strategy and goals setting, delivering sustainable value to shareholders and to ensure the long-term success of the Bank.

HDB is committed to high standards of corporate governance. We have a comprehensive range of policies, systems and code of ethics in place to ensure that the Bank is well-managed, with effective oversight and control.

The following principles underpin the Bank’s approach to governance to the growth and prosperity of the Bank and are governed by principles enforced by ethics and laws such as:

  • Integrity and honesty
  • Objectivity and independence
  • Discretion and confidentiality
  • Disciplined and reasonable risk taking
  • Transparency, Accountability, Justice and Responsibility

HDB’s commitment towards its employees are:

  • To provide a healthy and safe environment with excellent working conditions.
  • To respect and promote diversity regarding gender, ethnic, age, special disabilities etc.
  • To provide equal treatment and advancement opportunities along with continuous training and education.

In this context, the Bank has adopted the following practices that are harmonized with the national institutional and regulatory framework and international practices, which are incorporated in its existing Rules of Procedure, which set out:

  • Establishment of a Code of Ethics that applies to all the Bank’s human resources, providing a framework of principles and rules that must be followed.
  • Creation of an internal communication channel to and from the Management.
  • Operation of an Internal Audit System that includes the activities of the Audit Committee and the Risk Committee as well as the activities of Internal Audit, Compliance and Risk Management.
  • Compliance with the Legislative Framework that governs the Bank’s activities.
  • Transparency in all decisions and financial transactions.
  • Clear but mainly distinct responsibilities and responsibilities.
  • In addition, the appointment of external auditors to conduct an independent audit, where required.

The Internal Control System: ensures the consistent implementation of the Bank’s strategy, efficiency, credibility of all data and information required, and compliance of HDB to the legislative and regulatory framework in force.

The Audit Committee through the Internal Audit unit performs audits regarding the adequacy and the effectiveness of the Internal Control System of the Bank.

Compliance: identifies, assesses, and manages risks and evaluates their impact to which HDB may be exposed, and safeguards the interests and reputation of the Bank