Corporate governance refers to a number of principles adopted by a company, aiming to uphold its performance and the interests of its shareholders and all stakeholders. Recognizing the importance of corporate governance principles and the benefits derived from their adoption, OTE follows international practice and standards in this area and opts for the systematic implementation of these principles throughout its operations.
More precisely, as a large capitalization company, listed on the Athens and London Stock Exchanges, OTE complies with applicable domestic and international corporate governance legislation, incorporating regulations and compliance practices within its operations. At the same time, aiming to uphold transparency, efficient management and optimal operational performance, OTE follows practices which are not required by law but allow for company’s adherence to best practices.
All relevant provisions and practices are incorporated in the company’s Articles of Incorporation, Internal Operations Regulation, the Code of Business Conduct and Ethics, the Internal Personnel Regulation and other company by-laws regulating its operations.
Fundamental Principles of OTE's Corporate Governance System
The fundamental principles of OTE’s corporate governance system involve the following:
Two-way communication between company stakeholders and company’s Management
Transparency and control over management
Assurance of operational efficiency
OTE applies corporate governance regulations and practices on the basis of three key priorities which include the definition of the role of the Board of Directors, the executive members and the control, the protection of shareholder rights, and the enhancement of transparency and information disclosure.
Corporate Governance in OTE
