Administration & Organization
Board of Directors
The ELINOIL Board of Directors is responsible for setting the company’s long-term strategy, based on the relevant recommendations made by the Company’s executive members and/or management executives and, to the extent of its responsibility, to supervise the Board of Managers during the exercise of their administrative and managerial responsibilities and tasks.
Board of Managers
The Board of Managers is responsible for the operational management of ELINOIL and the effective application of corporate strategy.
Since 1988, when Ownership was separated from Management, ELINOIL has been applying policies, regulations and procedures aiming at the prudent and effective management and operation of the company and at the maximum transparency of financial management. When the company was listed on the Athens Stock Exchange in March 2004, these policies and procedures were adapted to Greek Legislation (Law 3016/2002) and were incorporated in the company’s Internal Operating Regulation.