CLR Financial Services Ltd. announced that during its board meeting of the 25 January 2002, the following were decided:
1. Even though the company implements most of the directives of Corporate Governance, it considers that it is very important for developments in this area to be observed and any proposals that could enhance clarity, internal organisation and control as well as proper communication with shareholders, should be adopted. For the present, it has been decided that the following be implemented:
a. Announcement of three-monthly results.
b. The formation of a Control Committee that will be comprised of non-Executive Directors of the company Messrs Adonis Papadopoulos and Costas Mitropoulos.
2. To call an EGM on the 8 March 2002, for a decision on the following:
a. Change of the company’s investment policy due to latest developments in the economic sector.
b. Amendment of the Share Option Scheme for staff and directors so that it can include Investment Consultants who are not employed by but are associates of the company.
1. Even though the company implements most of the directives of Corporate Governance, it considers that it is very important for developments in this area to be observed and any proposals that could enhance clarity, internal organisation and control as well as proper communication with shareholders, should be adopted. For the present, it has been decided that the following be implemented:
a. Announcement of three-monthly results.
b. The formation of a Control Committee that will be comprised of non-Executive Directors of the company Messrs Adonis Papadopoulos and Costas Mitropoulos.
2. To call an EGM on the 8 March 2002, for a decision on the following:
a. Change of the company’s investment policy due to latest developments in the economic sector.
b. Amendment of the Share Option Scheme for staff and directors so that it can include Investment Consultants who are not employed by but are associates of the company.
Monday, 28 January, 2002 - 10:46