Annual Financial Report for the period from 1st of January to the 31st of December 2012
59
•
Cases of conflict between the private interests of the members of the BoD or its managers and the
Company’s interests
•
Relations and transactions of the Company with affiliated companies as well as relations of the Firm with
the firms in the equity capital of whom participate members of the Board of Directors in a percentage of at
least 10% or shareholders with a percentage of at least 10%.
•
The legality of the fees and any kind of bonuses to the members of administration regarding the decisions
of the responsible bodies / agencies of the Firm.
i. The Board of Directors in a continuous and consistent way reexamines the firm strategy and the principal
business risks, in particular in a constantly changing financial and business environment. Moreover, in regular
time intervals, it receives reports on what is done regarding the audits made by the Auditor Committee, based
on the annual program of the specific audits of the administration of Internal Audit of the firm. The above
mentioned allow the Board of Directors to formulate a complete opinion on the effectiveness of the systems,
processes and regulations of the firm.
ii. The certified chartered auditors do not offer non audit services to the firm.
(D)
BOD Remunerations
According to the company’s article of association the BOD member’s remuneration is set by the BOD and
submitted to the General Assembly for approval. None of the existing BOD members has an employee
relationship to the company.
The BOD members apart from their approved remuneration do not receive any other compensation or benefits.
For the year 2012 no share options were granted and no share benefit plans were in force.
E. Annual Financial Statements
We confirmthat the attached Financial Statements are those approved by theBoard of Directors of
“MYTILINEOS
S.A.”
at 26.03.2013 and have been published to the electronic address
, were they will
remain posted for a minimum period of five (5) years. It is noted that the published, in the press, brief financial
data aim to provide the user with general information but do not present a full picture of the Company’s
and Group’s financial results and position, according to International Accounting Standards. It is also noted
that, for simplification purposes, the published, in the press, brief financial data contain summarizations or
reclassifications of certain figures.
