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General Assembly for all or specific items, setting as a date of a decision-making meeting the one on the
shareholders’ application, which, though, cannot be more than thirty (30) days away from the postponement
day. The general assembly following a postponement is the continuation of the previous one and there is no
need to repeat the publication formalities of the shareholders’ invitation. New shareholders can also partici-
pate, by observing the provisions of articles 27, para 2 and 28a of C.L. 2190/1920.
(vii) After the request of shareholders representing at least one twentieth (1/20) of the paid Share Capital, the
Board of Directors is obliged to announce to the ordinary general assembly the amounts paid in the last two
years to each member of the Board of Directors or the company’s directors/ managers and any benefit given
to these parties for any reason or as a result of an agreement made with the company. Furthermore, following
the application of any shareholder submitted to the company at least five (5) full days before the general as-
sembly, the Board of Directors is obliged to give the general assembly the applied-for specific information to
the degree this information is useful for the real assessment of the items on the agenda. The Board of Direc-
tors may decline to provide such information citing sufficient material grounds, and this should be recorded
in the minutes. Such a reason could be, depending on the specific cases, the representation of the applicant
shareholders in the board of directors pursuant to paragraphs 3 or 6 of article 18, C.L. 2190/1920, as currently
in force. The Board of Directors may provide a single answer to shareholders’ requests that are of similar con-
tent. The obligation to provide information does not apply in the event that such information is already available
through the Company’s website, particularly in the case of frequently asked questions.
(viii) After the request of shareholders representing one fifth (1/5) of the paid-up capital of the Company, and
provided that the said request is given to the Company at least five (5) full days prior to the General Assembly,
the Board of Directors is obliged to provide the General Assembly with information on the course of the busi-
ness affairs and financial status of the Company. The Board of Directors may decline to provide such informa-
tion citing sufficient material grounds, and this should be recorded in the minutes. Such a reason could be,
depending on the specific cases, the representation of the applicant shareholders in the board of directors
pursuant to paragraphs 3 or 6 of article 18, C.L. 2190/1920, as currently in force. provided the members of
the Board of Directors have received the relevant information in an adequate way. (ix) After the request of
shareholders representing at least one twentieth (1/20) of the paid share capital, a decision on any item on the
agenda of the General Assembly is taken by a roll-call vote. (x) Company’s shareholders representing at least
one twentieth (1/20) of the paid share capital have the right to ask the Single-Member First Instance Court of
the region where the company has its seat, for an audit of the company, and the Court applies the voluntary
jurisdiction procedure. The audit is ordered if there is the possibility of actions that violate the provisions of the
law or the company’s articles of association or decisions of the General Assembly.
(xi) Company’s shareholders representing at least one fifth (1/5) of the paid share capital have the right to ask the
court of the previous paragraph for an audit of the company, provided that it is believed that the management of
the corporate affairs is not applied as imposed by the prudent and sound management principle. This provision
is not applied in the cases the minority asking for the audit is represented in the Company’s Board of Directors.
3. Board of Directors and Committees
Α.
(i) The Board of Directors is the body that exercises the management of the Company. It has the responsibil-
ity of managing (managing and disposing) the company’s assets as well as of representing it, with the aim of
strengthening its economic value and efficiency and of safeguarding the company’s interests.
The Board of Directors has ordinary meetings at least one time per month and extraordinary meetings when-
ever important issues arise or decisions need to be made. Usually, in the ordinary meetings are present all
the members of the Board of Directors. Thus far the Board of Directors has never postponed making a deci-
sion because of lack of quorum. More specifically, during the course of the year 2011 the Board of Directors
convened forty eight (48) times. The attendances of each member of the Board of Directors during that year
are as follows:
