Corporate Governance is a system of principles underlying the organisation, operation and administration of an incorporated company, aiming to secure and satisfy the lawful interests of all those who relate with the company.

Alpha Bank adopted and implemented, as early as 1994, the principles of corporate governance, aiming at transparency in communication with the Bank’s Shareholders and at keeping investors promptly and continuously informed.

Effective Corporate Governance is not determined by a fixed programme but rather, by a continuous effort to integrate parameters proposed each time in conjunction with the ever increasing expectations of society. Correct corporate structures and procedures result in successful Corporate Governance, which promotes the recognition and reputation of the company.

In this context, the Bank has separated the Chairman’s duties from those of the Managing Director and implements a comprehensive system of internal audit for the Group in accordance with international standards and the current regulatory framework. In addition, it has adopted a Code of Ethics for the performance of duties with the purpose to promote the standards required by modern corporate governance and to enhance the efficiency of Internal Audit rules.

The Board of Directors has adopted the Corporate Governance Code which sets the framework and guidelines for the governance of the Bank and is reviewed by the Board of Directors. The Corporate Governance Code of Alpha Bank defines the duties and the sharing of responsibilities between the Board of Directors, its Committees, the Executive Committee and the other Committees of the Bank.