Remuneration Committee
The Committee shall consist of at least three (3) non-executive members of the Board of Directors (BoD) of Piraeus Financial Holdings. The majority of its members, including the Chairperson, shall be independent non-executive members. At least one (1) member of the Committee should also be a member of the Risk Committee to oversee the alignment of the Remuneration Policy with the risk and capital adequacy strategy of Piraeus Financial Holdings.
The Committee should convene, following the Chairperson’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 advise the BoD for the processing of its supervisory responsibilities regarding the design, control of implementation and periodical revision of the Group Remuneration Policy and the Directors’ Remuneration Policy and their alignment with the corporate strategic goals of Piraeus Financial Holdings. In fulfilling its tasks, the Committee will take into account the Risk Appetite Framework of Piraeus Financial Holdings and the long-term interests of shareholders, investors and other stakeholders.
- To monitor the implementation of a framework that objectively evaluates the performance and is directly linked with the determination of the remuneration of employees, whose professional activities have a material impact on the risk profile of Piraeus Financial Holdings (Material Risk Takers), as well as of the total of employees (Non-Material Risk Takers).
- To oversee the implementation of Piraeus Financial Holdings’ policies regarding talent management and succession planning.
- To assess the implementation of remuneration strategies with the purpose of building a corporate culture that will support the objectives and vision of Piraeus Financial Holdings.
Details on the responsibilities and the operations of the Committee are available here.