Remuneration Committee

Remuneration Committee

Remuneration Committee

 

The Committee consists of, at least three (3) BoD members that should not exceed 40% of the total number of the BoD members of Piraeus bank. All the members of the Committee are non executive, the majority of whom must be independent. At least one (1) Member of the Committee should also be a Member of the Risk Committee to oversee alignment of the Remuneration Policy with the risk and capital strategy of the bank.

Andrew Panzures
Andrew Panzures

Chairman,Independent Non - Executive Board Member

Jeremy John Masding
Jeremy John Masding

Vice Chairman,Independent Non - Executive Board Member

Enrico Tommaso Cucchiani
Enrico Tommaso Cucchiani

Member,Independent Non - Executive Board Member

Maria Semedalas
Maria Semedalas

Member,Independent Non - Executive Board Member

Venetia Kontogouris
Venetia Kontogouris

Member,Independent Non - Executive Board Member

Alexander Blades
Alexander Blades

Member,Non - Executive Board Member

Paola Giannotti De Ponti
Paola Giannotti De Ponti

Member,Non - Executive Board Member

Composition of the Remuneration Committee:

The Committee is supported by an Executive Secretary. The Committee convenes, following the Chairman’s invitation, as many times as required necessary for the fulfillment of its mission, but not less than four (4) times every calendar year.



The scope of the Committee is:

  • to recommend and advice the BoD for the processing of its supervisory responsibilities regarding the design, control of implementation and periodical revision of the bank’s remuneration policy and the alignment with the bank’s strategic goals. In fulfilling its tasks, the Committee will take into account the Risk appetite framework of the bank and the long –term interests of the shareholders, investors and other stakeholders
  • to monitor the implementation of a framework that objectively evaluates performance and is directly linked with the determination of the remuneration of employees, risk takers as well as non-risk takers
  • to oversee the implementation of the bank’s talent management and succession planning policies
  • to assess the implementation of strategies with the purpose of building a Corporate Culture that will support the bank’s objectives and vision


Details on the responsibilities and the operations of the Committee are available here.