Corporate Governance Principles and Practices
Corporate Governance is a system of principles and practices underlying the organisation, operation and administration of an incorporated company, aiming to safeguard and satisfy the lawful interests of all those associated with the company.
Alpha Bank adopted and implemented, as early as 1994, the principles of corporate governance, seeking to establish transparency in the communication with its Shareholders, Executives, Employees, Business Partners, Contractors and Suppliers, and the provision of prompt and continuous information to investors. In line with its constant effort to consistently respond to the expectations of its Customers and of the State, Alpha Bank applies the law and the regulatory framework governing the financial sector, as well as the specific provisions on combating corruption.
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. Appropriate corporate structures and procedures result in successful Corporate Governance, which promotes the recognition and reputation of the company.
In this context, the Bank has adopted the following principles and practices:
- The separation of the Chairman’s duties from those of the Managing Director and the implementation of a comprehensive system of internal audit for the Group, in accordance with international standards and the regulatory framework in force.
- The implementation of a Code of Ethics for the performance of duties, promoting in order to promote the standards required by modern corporate governance and to enhance the efficiency of Internal Audit rules.
- The establishment of a communication channel, available since January 2013, through which Employees can anonymously report potential policy violations or seek related advice (whistleblowing).
Click here for the Corporate Governance Code.