Policies and Management of Enterprise Risk and Compliance

The compliance of an organization with the applicable regulations is an essential obligation for its responsible operation. The OTE Group Management and its stakeholders (mainly customers, shareholders and investors, the media, the state and the suppliers) effectively require the Group to comply with laws and regulations and exhibit zero tolerance for corruption, blackmailing and bribery.

OTE Group, with the primary objective of safeguarding the smooth business operation and the future business success of the Group, has developed and implemented an Enterprise Risk Management System (ERM). The System supports its Management in making strategic decisions by identifying, evaluating, communicating and addressing corporate risks.

Policies / Procedures for Enterprise Risk Management

• Enterprise Risk and Insurance Management Policy OTE Group

• Policy on Indemnification from Risk Insurance and Pension Programs OTE Group

• Enterprise Risk Evaluation

• Indemnification from All-risks Insurance Program

For OTE Group, the assurance of Compliance is one of the top priorities. The Compliance Management System is in place to develop a risk management program related to noncompliance with regulations and to prepare a plan of appropriate prevention measures. The System addresses the compliance of all - Employees and Management - with legislation and Internal Policies. Any Employee and / or third parties (customers, vendors, partners, etc.) may , report (officially or anonymously) inappropriate conduct to Regulatory Compliance channels and communicate concern or complaint about potential violations of Company Policies or legislation.

More information on the Sustainability Report 2016