Board of Directors & Management

Board of Directors

The Board of Directors supervises and controls the management and operations of the Company and may exercise all powers of the Company in doing so, except to the extent that any such power is required or reserved by the Cyprus Companies Law (Cap 113) or the M&AA to be exercised by the shareholders.

The Board of Directors has an Audit Committee, a Nomination and Remuneration Committee, a Strategy Committee and an ESG Committee. The сommittees are comprised of directors with the relevant professional experience and expertise. When electing members and chairpersons of the committees, education and professional training of the candidates and their expertise within the сommittee’s area of activity are considered.

Board Committees

Audit Committee

The Audit Committee assists the Board of Directors with the review of the Group’s internal and external audit activities: internal control systems, compliance with financial reporting requirements, and the scope, results and cost effectiveness of the external audit.

Nomination and Remuneration Committee

The Nomination and Remuneration Committee makes recommendations to the Board of Directors regarding the appointment of new directors, helps identify, interview and select candidates with suitable experience and assesses the independence of such candidates. The сommittee reviews senior management appointments, company-wide succession planning and other human resources-related matters.

It also assists the Board of Directors in relation to remuneration, including reviewing the Group’s overall compensation policy, making proposals to the Board of Directors as to the remuneration of the directors of the Company and of the Group’s senior management.

Strategy Committee

The Strategy Committee assists the Board of Directors with the analysis and monitoring of the strategic management issues, including the consideration of mergers and acquisitions opportunities and large investment projects.

ESG Committee

The ESG Committee assists the Board in supervising sustainability issues. The committee is in charge of managing ESG factors at a strategic level. It oversees the implementation of Fix Price’s sustainability agenda and its integration into the Company’s business processes.

Management