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| INVESTORS OFFSHORE -
NEWS |
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Cyprus Association Of Directors Established,
by Lorys Charalambous, Tax-News.com, Cyprus 28 January 2005
An association of Cypriot company directors has been formed to oversee corporate
governance issues in the jurisdiction, the Financial Mirror reported this week.
The Cyprus Association of Directors Ltd is a non-profit limited liability organisation
which has twenty founding members, all directors of public and private
limited companies.
According to the Financial Mirror, the main objectives of the Association are
to: develop and establish professional conduct guidelines for its members; promote
the implementation of the Code for Corporate Governance established by the Cyprus
Stock Exchange (CSE) and the Securities Exchange Commission (SEC); voice the
views of Cypriot directors at the Permanent Committee of the Code of Corporate
Governance under the CSE; and train directors in their duties, obligations and
powers, and on the principles of good corporate governance.
The newly-elected board comprises: Constantinos Kittis (former Minister)
Chairman; George Georgiades (EAC Chairman, Member of the BoD of Bank of Cyprus)
Deputy Chairman; K. Kokkinos (Director, IBM Southern Europe and Cyprus Ports
Authority) Hon. Treasurer; Marios Antoniades (Director, V. Eliades Ltd) Executive
Director; Andreas Andreou (Company Secretary) Secretary; Ms. Alexandra Galanou
(Director, Universal Life and Director Cyprus Fassouri) member; Loukas Benfield
(Director Eurosure and Cyprus Development Bank) member; Stelios Nicholson (Executive
Director, E. Nicholson & Sons Ltd) member; Harris Stavrinides, (Consulco
Financial Services), member.
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