Hellenic Capital Market Commission sets out corporate governance and sustainability reporting priorities at Greek Corporate Governance Summit

The Hellenic Capital Market Commission (HCMC) published an update on its participation in the 4th Greek Corporate Governance Summit, where senior officials delivered messages on supervisory expectations for corporate governance, transparency and investor confidence. HCMC Chair Vasiliki Lazarakou framed corporate governance as a foundation for capital market functioning and sustainable business growth, and emphasised substantive compliance with European standards, including the impact of the national gender quota on board composition. Discussions also focused on sustainability reporting and internal controls. Vice President Anastasia Stamu highlighted implementation challenges under the new legislative framework and the strengthened role of audit and sustainability committees, linking the credibility of ESG disclosures to investor trust; she also referred to European efforts to simplify sustainability disclosure requirements by reducing data volume by up to 70% without changing the substance, and stressed that sustainability reports should provide material information connected to the financial statements. HCMC board member Anastasios Virvilios pointed to the importance of alignment with European sustainability standards and noted that a new directive is expected in the summer. On internal control systems, Vice President Michail Fekkas and HCMC supervisors stressed effectiveness under stress conditions, documentation and ownership of action plans, with HCMC outlining preparatory work ahead of its assessment of listed issuers’ internal control systems for the period 1 January 2023 to 31 December 2025. The release signals continued supervisory engagement on governance, sustainability disclosures and internal control effectiveness as the market awaits further EU-level changes expected in the summer.