A member of the Board of Directors of a company who had been appointed as a non-executive was deemed to have executive corporate duties and at the same time was acting as chairman of the Audit Committee, who is required to be independent
Fines of 84,000 euros were imposed by the Capital Market Commission during today’s meeting of its Board of Directors.
In particular, he decided:
1. The imposition of a fine of a total of 64,000 euros on six natural persons in their capacity as members of the Board of Directors of the company “LANAKAM S.A.” due to violation of the provisions of article 3 par. 1 of law 3016/2002 and article 44 par. 1 of law 4449/2017.
Specifically, a member of the Board of Directors who was appointed as a non-executive was deemed to have executive corporate duties and at the same time was acting as chairman of the Audit Committee, who is required to be independent.
In particular, it is required:
– To Mr. Damigos Ioannis, President-executive member of the Board of Directors. a fine of 30,000 euros
– To Mr. Kostopoulos Vasilios, member of the Board of Directors. and the Audit Committee, a fine of 10,000 euros
– To each of Mr. Damigos Constantinos, Mr. Damigou Elisavet, Mr. Nalbantis Georgios and Mr. Stylianesi Maria, members of the Board of Directors, a monetary fine of 6,000 euros.
2. The imposition of a fine of a total of 20,000 euros on the company “SYNTHESIS Multi Asset Architecture SICAV-SIF, SCA”, due to the promotion to individuals in Greece of shares of an Alternative Investment Organization based in another EU member state. without prior permission of the Capital Market Commission.
Source: Skai
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