The Company is governed by a 8 member Board of Directors, which is elected by the Ordinary General Meeting of Shareholders, with a term of one year.

The Board of Directors, as the most senior management body of the Company, is tasked with the management, administration and representation of the Company, as well as with decision making with regards to the strategy and the policies that must be implemented for the proper operation and to the benefit of the Company and its shareholders. The Board of Directors is responsible to exercise full and efficient control over the entire scope of the Company’s activities, manage its assets and handle all its affairs, unless the Law or the Articles of Association assign those duties to the General Meeting of the Shareholders.