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Our customer service model
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Our customer service model
Your Insurance Intermediary will be there for you 24/7 consistently guiding you through difficult decisions.

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Corporate Governance

Corporate Governance Statement
Statement of Corporate Governance

Corporate Governance is the total of principles and practices that an Organization adopts, in order to ensure its performance, the interests of the shareholders and the interests of all interested parties (stakeholders).

The principles of Corporate Governance are the basis for the system of corporate governance of European Reliance General Insurance Co. S.A., through which the Company achieves its prudent and effective management, with efficient use of all available productive assets and with transparency in the corporate functions for the long-term interest of the shareholders. Corporate Governance has a positive effect on the performance of the Company and focuses on the following:

- The Board of Directors and the executive Directors, the composition of the Board, the percentage of independent members, the composition of the BoD Committees, the procedure for the assessment of the Board of Directors, the responsibilities of the Chairman and the Chief Executive Officer.

- The rights of the shareholders (one share-one vote principle).

- The assurance of the transparency and audit with the contribution of the four independent key functions (Risk Management, Internal Audit, Compliance, Actuarial).

Within the context of Corporate Governance, European Reliance General Insurance Co. S.A. aim at implementation of best practices in the functions of the Organization such as voluntary commitments, in accordance with the Company's business ethics. European Reliance General Insurance Co. S.A., as a Société Anonyme listed in the Athens Stock Exchange, applies the Greek legislation regarding the principles and practices of corporate governance and partially the Greek Code of Corporate Governance, for the listed companies, as it is published in the official website of the Athens Stock Exchange. (https:// www.athexgroup.gr/el/web/guest/esed-hellenic-cgc). Moreover, the Company uses the four independent key functions of Internal Audit, Risk Management, Actuarial and Compliance for its best operation in the new legislative environment of Solvency II Directive.  

The philosophy and culture that govern the Corporate Governance are imprinted in a series of regulations and policies, among which,the Internal Regulation of Corporate Governance, the Internal Regulation of Operations, the Corporate Code of Conduct, the Compliance Policy, the Internal Audit Policy, the Policy for the management and prevention of Conflict of Interests, the Remuneration Policy, etc. 

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The Board of Directors

Nikos Chalkiopoulos

Chairman of the Board of Directors, Executive Member

Mr. Chalkiopoulos has extensive experience in the insurance industry as Executive Director in Insurance companies. He joined European Reliance General Insurance Co. S.A. in October 2002 and since 2005 holds the position of the Chief Insurance Operation Officer. He has a Degree in Mathematics from the National and Kapodistrian University of Athens and is a member of the Hellenic Actuarial Society.

 

Stefanos Verzovitis

Vice-Chairman of the Board of Directors, Executive Member

Mr. Verzovitis has extensive experience in companies, such as Ziridis School, Onassis Cardiac Surgery Center, Johnson & Son and Michelin Automotive Tires. He joined European Reliance in October 2000 and today holds the position of the Chief Financial Officer. He has a Degree in Economics from the Athens University of Economics.

Christos Georgakopoulos

Chief Executive Officer, Executive Board member

Mr. Georgakopoulos is the founder and Chief Executive Officer of European Reliance General Insurance Co. S.A. He has Degrees in Law and Economics from the Panteion and Aristotle University and has extensive experience in the fields of sales and marketing. He is the Chairman of the Board of Directors of the subsidiaries of European Reliance, European Reliance Asset Management. S.A & Alter Ego S.A.

 

Eric Christopher Sharp

Executive Board Member

Mr. Sharp has extensive experience in the fields of General Commerce, Finance and Shipping in Greece and abroad. He joined European Reliance in September 2003 and today holds the position of the Director of the Retail Offices Administration.

 

Keith Morris

Independent, Non-Executive Board Member

Mr. Morris has a Degree from the University of Manchester in Management Sciences with specialisation in Finance and Marketing. He has extensive experience in companies including HSBC, Citibank and IBM. He has held a number of Managing Director level appointments in Eagle Star Insurance, AIG Europe, Euler Trade Indemnity and RBS Insurance. He has been a Non-Executive Board member in several companies including Standard Life Assurance Company. He is currently Deputy Chairman of the Supervisory Board of Sava Re, a Slovenian insurance group.

 

George Diamantopoulos

Independent, Non-Executive Board Member

Mr. Diamantopoulos is the Chairman of the Board of Directors of the Hellenic Corporation of Assets and Participations and Deputy Managing Director of Resoul Hellas S.A. He is the Managing Director of Sponsor Value Hellas S.A. He has over 30 years of experience in consumer goods companies. In 1988 he worked in Kraft Foods (prior Jacobs Suchard Pavlides) and since 1997 he was the Area Director responsible for the area of the Balkans. In European Reliance he holds the positions of the Chairman of the Audit Committee, Chairman of the Corporate Governance, Remuneration and Nomination Committee and is a Member of the Risk Management Committee.

 

George Konstantinidis

Non-Executive Board Member

Mr. Konstantinidis has been active in the establishment, management and shareholding of businesses, such as Centropell GMBH Frankfurt, Novus Finance S.A., Astropell S.A., Kiapell G.M.B.H. and CPL S.A. He joined European Reliance in 2000 and since 2007 is the Chief Executive Officer of the subsidiary Alter Ego S.A.

 

Theodore Chronis

Non-Executive Board Member

Mr. Chronis is a Lawyer in the Supreme Court of Greece and has extensive experience in the insurance industry. He started his career in European Reliance in 1992 as the Director of the Legal Protection Department. Today he is the Legal Advisor and Director of the Legal Services of the Group. He has studied in the Law Schools of the Universities of Athens, Vienna and Freiburg, in Germany.

Christopher Poulios

Independent, Non-Executive Board Member

Mr. Poulios has a Degree from the Athens University of Economics (formerly Athens University of Economics and Business) and has been the Director of the Accounting Department in various insurance companies from 1968 to 2000.

 

General Meetings of Shareholders

BoD members Remuneration Report for fiscal year 2019

Decisions of the Annual Meeting of Shareholders

Shareholders General Meeting Invitation

Document for the Appointment of Proxy

Total Number of Shares and Voting Rights

Special Document for Remote Voting

Draft Decisions - Proposals of the Board of Directors

General Data Protection Regulation (EU GDPR)

Shareholders General Meeting Invitation

Document for the Appointment of Proxy

Proposed Bod, Articles of Association, Audit Committee

Total Number of Shares and Voting Rights

Proposed Bod Remuneration Policy

Draft Decisions - Proposals of the Board of Directors

Proposed Articles of Association

Decisions of the Annual Meeting of Shareholders

Invitation of the Shareholders

Form of Appointment of Proxy - Representative

Rights of Minority Interest

Total Number of Shares and Voting Rights

Comments of the Board of Directors on the Agenda

Invitation of the Shareholders

Form of Appointment of Proxy - Representative

Rights of Minority Interest

Total Number of Shares and Voting Rights

Comments of the Board of Directors on the Agenda