For the purpose of safeguarding its corporate interest as well as the interests of its shareholders, Piraeus Bank has adjusted itself to the institutional framework regarding corporate governance through the following: the adjustment of the composition of the Board of Directors (BoD) in order for it to be compliant with the effective regulations regarding Executive, non-Executive and Independent members the Audit Committee, which is made up of non-Executive and Independent Directors, that monitors and evaluates annually the efficiency and effectiveness of the Internal Control System at Bank and Group levels, based on the data and information provided by the Internal Audit Unit, and findings and remarks of the external auditors and regulatory authorities Risk Management Committee, in order to manage effectively all forms of risk including 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 the General Division of Corporate Governance, which is responsible for the development of Corporate Governance actions and programmes approved by the Management, and supervision of their implementation in the Bank and the Group companies in Greece and abroad.