The Board of Directors has entrusted the Committee with specific responsibilities that comply with the Governor’s Act of Bank of Greece the operational risk, ensure a consolidated risk control and risk management on an ad hoc basis and ensure the required co-ordination both in stand-alone and Group level. 16 Management Compensation & Evaluation Committee It comprises four members; it is chaired by a non-Executive Director of the Bank’s BoD and includes three non-executive members, one of whom is independent.