The President of the Hellenic Capital Market Commission, Ms. Vasiliki Lazarakou, has been re-elected as a member of the Bureau of the Organisation for Economic Co-operation and Development (OECD) Committee on Corporate Governance for the year 2025.

Ms. Lazarakou is also a member of the Management Board of the European Securities and Markets Authority (ESMA) and a member of the Board of the International Organization of Securities Commissions (IOSCO), which she joined in October 2022.

The Organisation for Economic Co-operation and Development (OECD) is an international organisation of developed countries that support the principles of representative democracy and free market economy. The Organisation deals with a wide range of issues, with an emphasis on improving economic performance and creating new jobs, strengthening education at all levels, and combating international tax evasion. It is a knowledge hub that produces data and analysis, fosters the exchange of experience and best practices, and provides strategic advice on public policies and international standard setting.

The OECD's Corporate Governance Committee coordinates and provides guidance to the Organisation in the areas of corporate governance, corporate finance and public enterprises. In this situation, it is in charge of implementing both the organization's specific rules for the corporate governance of SOEs as well as the OECD and G20's general principles of corporate governance. At the same time, it guides and supports the Organisation's dialogue with non-member economies on these issues.

STATEMENT

The Chairperson of the Securities and Exchange Commission, Ms. Vasiliki Lazarakou, said: "It is a great honour for the Securities and Exchange Commission to participate in the Bureau of the OECD Corporate Governance Committee. The G20 completed the crucial work of revising the organization's corporate governance principles last year, and this year, there has been a focus on promoting the OECD Revised Principles. Specifically for Greece, the Securities and Exchange Commission completed the translation of the principles into Greek and made presentations on the changes to the principles and how they could be used in a legislative framework. The revised Principles include updated guidance on topical corporate governance issues such as transparency, obligations and responsibilities of boards, governance adjustments due to technological developments in capital markets, and, for the first time, extensive references to sustainability and viability issues to support companies in managing risks and climate-related challenges.