Corporate governance

Values and practices to ensure optimum function of our bank and safeguard the legal interests of our clients and human resources.

At Optima bank, we implement the corporate governance values and standards laid down by the Greek legislation and international practices. We aspire to assure that our bank and subsidiaries function efficiently with transparency, responsibility and reliability.

Our aim is to safeguard the interests of our shareholders as well as of our clients, our human resources and all stakeholders. Acknowledging the importance of the corporate governance principles and the benefits arising from their implementation, we adopt regulations, policies and practices that are in accordance with the financial regulatory framework, as part of our corporate culture.

In order to exercise effective corporate governance, we have separated the roles of the Chairman and the Chief Executive Officer, and implement a comprehensive internal control system for our bank and subsidiaries, according to the current regulatory framework.


Board of Directors (Board)

Composition of Board of Directors

Georgios Taniskidis - Chairman, Non-Executive Member
Petros Tzanetakis - Vice-Chairman, Non-Executive Member
Dimitrios Kyparissis - Chief Executive Officer, Executive Member
Angelos Sapranidis - Executive Member
Georgios Kyriakos - Independent Non-Executive Member
Pavlos Kanellopoulos - Independent Non-Executive Member
Theodoros Efthys - Independent Non-Executive Member
Cleo Lymperi - Independent Non-Executive Member

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Board of Directors’ Committees

Aiming at the smooth and effective operation of our bank, we have set up the following committees that facilitate the work of BoD and report to it.

Audit Committee

The mandate of the Audit Committee is to assist the BoD in supervising the financial information, the efficiency of internal audit systems, the selection process of independent auditors, and in auditing the bank's financial statements. Committee holds meetings regularly at least six times per year or ad hoc as required. The Audit Committee operates according to its Rules of Procedure, as approved by the BoD, and consists of the following Non-Executive Members of the BoD:

  • Pavlos Kanellopoulos - Chairman
  • Petros Tzanetakis - Member
  • Cleo Lymberi - Member

Remuneration Committee

The mandate of the Remuneration Committee is to support the BoD in executing its duties related to the Remuneration and Benefits Policy, determination of remuneration, provision of benefits, retention, development and assessment of our bank's senior executives, as well as to the preparation of the annual report on the performance-based compensation of executives.

The Remuneration Committee holds meetings on remuneration issues, as required. The Remuneration Committee operates according to its Rules of Procedure, as approved by the BoD, and consists of the following Non-Executive Members of the BoD:

  • Georgios Kyriakos - Chairman
  • Pavlos Kanellopoulos - Member
  • Cleo Lymperi - Member
  • Petros Tzanetakis - Member

Risk Management Committee

The mandate of the Risk Management Committee is to support the BoD in executing its duties related to the overall risk assumption and management strategy, in order to effectively cover all types of risk and ensure their comprehensive control, expert management and the required coordination at all function levels of our bank.

The Risk Management Committee holds meetings regularly, depending on the existing needs and at least once every quarter. The Risk Management Committee operates according to its Rules of Procedure, as approved by the BoD, and consists of the following Non-Executive Members of the BoD:

  • Cleo Lymperi - Chairman
  • Theodoros Efthys - Member
  • Pavlos Kanellopoulos - Member
  • Aggelos Sapranidis - Member

Codes & Policies

Below you may find the main corporate governance documents that regulate the operation of our bank.

Articles of Association