Corporate Gorvenance

The term "Corporate Governance" refers to the system by which companies are directed and controlled. It is articulated as a system of relations between the company's Top Management, its Board of Directors, its shareholders and other interested parties, as defined in OECD corporate Governance Principles.

It is the structure by which company goals are approached and set and the means of achieving those goals are determined, while enabling the monitoring of Top Management's effectiveness in implementing the above. It institutes best practice governance standards and promotes increased transparency in all company activities.

It outlines the policies and procedures the Company has adopted as tools for achieving good governance practices.  Being based on the Greek regulatory framework – whose requirements shall prevail in all cases – the principles and practices of the Code aim at providing guidelines on issues that are not regulated by law or are regulated towards the minimum possible response.

Corporate governance constitutes a framework of rules, principles and control mechanisms, based on which the Company conducts its business activities with transparency, aiming at the protection of the interests of both its stakeholders and of the Company in general. After the issuance of Law 4706/2020, the Company proceeded with the implementation of a structured action plan to improve its corporate governance system. Primary objective of the Company is to comply with the applicable legal and regulatory framework, to implement best and effective corporate governance practices and to strengthen shareholders’ trust in the Company. Therefore, the Company primarily focuses (apart from the implementation of the provisions of Law 4548/2018, including those applicable to companies listed on a regulated market) on the mutatis mutandis application of and compliance with the provisions of Law 4706/2020, within the scope of the requirements set by article 14 of the Concession Agreement. 

Articles of Association

Hellenic Lotteries - Articles of Association

Internal Rules & Regulations

The organizational and operating principles of the Company define the framework on the basis of which the company’s organization is established and its activity is developed. The Company’s Internal Rules and Regulations aim at regulating the organization and functioning of the company to secure business integrity, transparency of business activity, control over management and how management decisions are made, as well as compliance with the legislation and the obligations deriving from the Concession Agreement.

Hellenic Lotteries - Internal Rules & Regulations

Codes & Policies

Code of Conduct
Hellenic Lotteries follows the Code of Conduct of OPAP Group, available at the link.

AML/CTF Policy
In the context of implementation of the HGC Decision n. 554/5/15.04.2021 and the relative legal and framework (law 4557/2018, as in force), HL has established an AML/CTF Policy to prevent the use of OPAP Gaming Products for the purpose of Money Laundering and Terrorism Financing.
 
The current version of this Policy was approved by the Board of Directors of the Company at the meeting held on 08/09/2021.
Hellenic Lotteries - Anti-Money Laundering and Counter Terrorism Financing Policy

Remuneration Policy
Hellenic Lotteries - Remuneration Policy

Whistleblowing Policy
Hellenic Lotteries - Whistleblowing Policy