Corporate Governance
The Directors recognise the importance of sound corporate governance commensurate with the size of the Company and the interests of the Shareholders. So far as is practicable for a company of its size, the Company and the Directors have taken steps to comply with the Combined Code as appropriate. There is no nominations committee, however, the full Board considers the appointment of new directors.

Audit Committee
The audit committee comprises Apostolos Binomakis and Dimitris Goulandris and is chaired by Dimitris Goulandris. The committee meets at least two times per year. The audit committee is responsible for ensuring that the financial performance, position and prospects of the Company are properly monitored and reported on, meeting the auditors and reviewing their reports relating to the accounts and internal controls.

Remuneration Committee
The remuneration committee comprises Dimitris Goulandris and Apostolos Binomakis and is chaired by Apostolos Binomakis. The committee meets at least two times per year. The remuneration committee reviews the performance of the executive directors and sets their remuneration, determine the payment of bonuses to executive directors and considers the future allocation of share options to directors and employees. It also leads the process for Board appointments and makes recommendations to the Board.