Seeing that its personnel numbers more than 50 people and pursuant to article 1, para. 1 of the Legislative Decree 3789/1957, the Company has drawn up Bylaws. In addition, the Company has reviewed the Bylaws to the points pertaining to Corporate Governance and the new organizational structures of the Company. The implementation and observance of the said Bylaws is monitored by the Internal Control Management of “Babis Vovos – International Construction S.A.”
According to the provisions of the legislation in force and in the framework specified by the decision no 3/347/12.07.2005 of the BoD of the Capital Market Committee, Babis Vovos International Construction S.A. announces that by the decision of the Board of Directors dated 01.06.2006 Mrs Eleni-Ageliki Paraskevopoulou has been appointed as the new internal auditor of the Company in replacement of Mr. Michael Elefteriadis who resigned from that position. Mrs. Paraskevopoulou is the new internal auditor of the Company as of 08.06.2006.