Corporate Governance is defined as the set of rules that governs relations between shareholders, management and those people influenced by the operation of the company-employees, suppliers, customers, society as a whole. The main aim of Corporate Governance is to maximise the company's value for the benefit of its shareholders, those people contributing to the company's development and society at large.

INTRACOM HOLDINGS' organised and transparent system of Corporate Governance facilitates the company's management and operation. The company provides sufficient, valid and timely information to its shareholders and potential investors and safeguards the equal treatment of its shareholders through a special "Shareholder Service".

The company's solid infrastructure of Corporate Governance includes management positions with clearly defined roles, responsibilities and obligations; a comprehensive organisational structure; sound company procedures; an effective internal audit system; and comprehensive and transparent communication with the company' s internal and external audiences.

Board of Directors

The INTRACOM HOLDINGS Board of Directors consists of 8 Members: five Executive Directors and three Non-Executive Directors, of which two are Independent. The Board of Directors supervises and guides company management in accordance with INTRACOM HOLDINGS' mission and the principle of transparency.

Organisational Structure

INTRACOM HOLDINGS' organisational chart illustrates the formation of the Management.

The company's organisational structure is presented by field of activity and includes the necessary supportive functions, as well as a Corporate Strategy department and Audit Committees.

Company Procedures

The smooth operation of INTRACOM HOLDINGS is defined by specific procedures that represent the method of operation and set the background of everyday activities.

The Company maintains an "Internal Operation Regulations Manual", abiding by the Hellenic law (N.3016) "Regarding Corporate Governance".

Audit Mechanisms

* Internal Audit: The Internal Audit Department works independently and is supervised by the company's Board of Directors.

* External Audit: The INTRACOM HOLDINGS Financial Reports and Balance Accounts are certified by credible and internationally recognized organisations.

Transparency and Communication

One of INTRACOM HOLDINGS' primary concerns is ensuring transparency throughout its activities. This is achieved through both the statutory framework of its operation and the actions of its members.

INTRACOM HOLDINGS provides accurate and timely information to shareholders and the community at large regarding company performance and other issues through an effective communication system and individual departments established for internal and external audiences.

Social Accountability

INTRACOM HOLDINGS recognises that a company is judged as much by its products and performance as by its behaviour towards society as a whole and has made a commitment since its foundation to improving the wellbeing of society. In line with this commitment, INTRACOM HOLDINGS implements the SA 8000:2001 standard, actively participates in the cultural life of the region and encourages and promotes scientific research in Greece and abroad, by adopting a rich and active corporate social responsibility programme.