Company Memorandum & Articles of Association
The current Company Memorandum and Articles of Association was approved by decision of the Annual Ordinary General Assembly of the Company Shareholders dated June 5th, 2019 with a percentage of votes in favor 74,07% of the present shareholders. The quorum percentage in the General Assembly amounted to 78.97%.
MOH-Codified Memorandum & Articles of Association
Internal Operating Rules
The Internal Operating Rules describe the way the Company is managed, the responsibilities of the BoD members, the structure and the objective of its divisions, the procedures of recruitment and evaluation of executives as well as the procedures of compliance of the Company with the regulatory and institutional framework governing the listed companies. It was compiled for the first time in the context of the listing of MOTOR OIL (HELLAS) S.A. shares on the Athens Stock Exchange pursuant to the provisions of the Greek Corporate Governance Law 3016/2002. It is amended whenever the circumstances dictate so (i.e. changes in the Company organization chart, in the composition of the Board, in the Regulatory framework) and it is approved by the Board.
MOH – Internal Operating Rules
Corporate Governance Code
The Corporate Governance Code of MOTOR OIL (HELLAS) S.A. describes the “best practices” in the area of corporate governance followed by the Company regarding the fundamental aspects of its operation. The current Code was approved by decision of the Board of Directors dated February 25th, 2020, has the indication ‘‘February 2020’’ and constitutes the seventh revision of the initial code approved by the Board in March 2011.
MOH – Corporate Governance Code
Remuneration Policy of the Board of Directors
The Remuneration Policy of the Board of Directors of MOTOR OIL (HELLAS) S.A. was prepared in accordance with the provisions of the article 111 of the Law 4548/2018 and was approved for the first time by the Annual Ordinary General Assembly of the Company Shareholders of June 5th, 2019. Since then, it was revised, and the current Policy was approved by the Annual Ordinary General Assembly of June 17th, 2020. According to article 110 of the Law 4548/2018, its validity period cannot exceed four (4) years from its approval by the General Assembly. Whenever a material change occurs in the circumstances the preparation of the Policy was based on, it is submitted for re-approval to the General Assembly and in any case every four (4) years from its approval. The vote of shareholders on the Remuneration Policy is binding.