Orphanides: AGM decisions
29/6/2012 9:17
Orphanides Public Company Limited announces that the Annual General Meeting took place on Thursday, June 28, 2012 at 17.00 at Orphanides Mall in Nicosia. The AGM decided the following:
1. Financial statements
The AGM approved the final Audited results for the year ended December 31, 2011 as those have been approved by the external auditors of the Company, the Directors’ Report, the Auditors’ Report and the Corporate Governance Code (including the Remunerations’ Policy Report).
2. Appointment of Board members
Pursuant to the Articles of Association and the provisions of the Corporate Governance Code, the AGM re-elected Messrs. Christos Orphanides (Executive Director), Christos Fylaktou and Ntinos Lefkaritis (Independent, Non-executive Directors).
Messrs. Simos Kyriakides, Polys Kourousides, Marios Antoniades and Giorgos Hadjimichael continue to be Board members.
3. Remuneration of Board members
The remuneration of the Board members will remain the same as in 2010, i.e. €4,000 each and €70 per meeting attended.
4. Appointment of auditors
The AGM reappointed KPMG as auditors and authorized the Board of Directors to set their remuneration.
1. Financial statements
The AGM approved the final Audited results for the year ended December 31, 2011 as those have been approved by the external auditors of the Company, the Directors’ Report, the Auditors’ Report and the Corporate Governance Code (including the Remunerations’ Policy Report).
2. Appointment of Board members
Pursuant to the Articles of Association and the provisions of the Corporate Governance Code, the AGM re-elected Messrs. Christos Orphanides (Executive Director), Christos Fylaktou and Ntinos Lefkaritis (Independent, Non-executive Directors).
Messrs. Simos Kyriakides, Polys Kourousides, Marios Antoniades and Giorgos Hadjimichael continue to be Board members.
3. Remuneration of Board members
The remuneration of the Board members will remain the same as in 2010, i.e. €4,000 each and €70 per meeting attended.
4. Appointment of auditors
The AGM reappointed KPMG as auditors and authorized the Board of Directors to set their remuneration.
