{"id":4990,"date":"2020-10-06T15:30:33","date_gmt":"2020-10-06T15:30:33","guid":{"rendered":"https:\/\/hfsf.odh.gr\/?page_id=4990"},"modified":"2021-01-04T14:10:51","modified_gmt":"2021-01-04T14:10:51","slug":"corporate-governance-principles","status":"publish","type":"page","link":"https:\/\/hfsf.odh.gr\/en\/our-portfolio\/principles-policies\/corporate-governance-principles\/","title":{"rendered":"Corporate Governance Principles"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
<\/div>\n\t\t\t\t\n \t\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t

Corporate Governance Principles<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\n \t\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t
\r\n\t

\r\n \r\n HFSF Corporate Governance Principles (CG Objectives & Standards) <\/span>\r\n <\/h2>\r\n<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

The Fund\u2019s long-term strategy is to divest its holdings in the banks. In order to be able to do so, the HFSF needs to be confident that the sustainability of the individual banks and the stability of the banking system more generally will not be adversely affected by its departure. The Fund also needs to be confident that each bank, upon their divestment, will be seen as an attractive investment proposition by other investors with a long-term perspective. For both reasons, the Fund needs to ensure that each of the banks exhibits high standards of corporate governance and respects shareholder rights.<\/p>\n

This is achieved by ensuring the banks comply with the HFSF law and the RFA, but additional criteria for assessing whether the banks are meeting these tests have been developed and are set out in detail.<\/p>\n

The corporate governance standards \u2013 specific practices that can help to protect the interests of the Fund and other shareholders \u2013 are grouped under ten governance objectives, as shown below. The intention is that the Fund\u2019s decision on whether a bank\u2019s governance arrangements were sufficiently robust for it to divest safely would be based on whether these objectives had been met, not only on whether the specific practices were being followed:<\/p>\n

    \n
  1. Board and committee composition<\/li>\n
  2. Board performance and appointment<\/li>\n
  3. Corporate culture<\/li>\n
  4. Risk management<\/li>\n
  5. Accounting, audit and compliance<\/li>\n
  6. Director remuneration<\/li>\n
  7. Related party transactions<\/li>\n
  8. Shareholder rights<\/li>\n
  9. Corporate structure<\/li>\n
  10. Environmental and social issues<\/li>\n<\/ol><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
    \n\t\t\t\t
    \n\t\t\t\t\t
    \n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tRead more<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

    Corporate Governance Principles HFSF Corporate Governance Principles (CG Objectives & Standards) The Fund\u2019s long-term strategy is to divest its holdings in the banks. In order to be able to do so, the HFSF needs to be confident that the sustainability of the individual banks and the stability of the banking system more generally will not […]<\/p>\n","protected":false},"author":1,"featured_media":4469,"parent":4729,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"yoast_head":"\nCorporate Governance Principles - Hellenic Financial Stability Fund<\/title>\n<meta name=\"description\" content=\"The Fund\u2019s long-term strategy is to divest its holdings in the banks. In order to be able to do so, the HFSF needs to be confident that the sustainability of the individual banks and the stability of the banking system more generally will not be adversely affected by its departure.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corporate Governance Principles - Hellenic Financial Stability Fund\" \/>\n<meta property=\"og:description\" content=\"The Fund\u2019s long-term strategy is to divest its holdings in the banks. In order to be able to do so, the HFSF needs to be confident that the sustainability of the individual banks and the stability of the banking system more generally will not be adversely affected by its departure.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/hfsf.odh.gr\/en\/our-portfolio\/principles-policies\/corporate-governance-principles\/\" \/>\n<meta property=\"og:site_name\" content=\"Hellenic Financial Stability Fund\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-04T14:10:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/hfsf.odh.gr\/wp-content\/uploads\/2020\/11\/corp-governence-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"668\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/hfsf.odh.gr\/#website\",\"url\":\"https:\/\/hfsf.odh.gr\/\",\"name\":\"Hellenic Financial Stability Fund\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/hfsf.odh.gr\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/hfsf.odh.gr\/en\/our-portfolio\/principles-policies\/corporate-governance-principles\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/hfsf.odh.gr\/wp-content\/uploads\/2020\/09\/hero-how-we-decide.jpg\",\"width\":1440,\"height\":750},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/hfsf.odh.gr\/en\/our-portfolio\/principles-policies\/corporate-governance-principles\/#webpage\",\"url\":\"https:\/\/hfsf.odh.gr\/en\/our-portfolio\/principles-policies\/corporate-governance-principles\/\",\"name\":\"Corporate Governance Principles - Hellenic Financial Stability Fund\",\"isPartOf\":{\"@id\":\"https:\/\/hfsf.odh.gr\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/hfsf.odh.gr\/en\/our-portfolio\/principles-policies\/corporate-governance-principles\/#primaryimage\"},\"datePublished\":\"2020-10-06T15:30:33+00:00\",\"dateModified\":\"2021-01-04T14:10:51+00:00\",\"description\":\"The Fund\\u2019s long-term strategy is to divest its holdings in the banks. In order to be able to do so, the HFSF needs to be confident that the sustainability of the individual banks and the stability of the banking system more generally will not be adversely affected by its departure.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/hfsf.odh.gr\/en\/our-portfolio\/principles-policies\/corporate-governance-principles\/\"]}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/pages\/4990"}],"collection":[{"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/comments?post=4990"}],"version-history":[{"count":15,"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/pages\/4990\/revisions"}],"predecessor-version":[{"id":11888,"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/pages\/4990\/revisions\/11888"}],"up":[{"embeddable":true,"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/pages\/4729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/media\/4469"}],"wp:attachment":[{"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/media?parent=4990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}