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Corporate Governance
The Company is governed by Directors comprising of professionals with over 70 years combined experience in finance, law, real estate development and tour-operating. The Board of Directors is competitively remunerated and its interests are closely aligned with those of shareholders. In February 2003 the members of the Board committed EUR 2.5 million of their own funds to the equity of the Company alongside shareholders funds. The Directors' investment represents almost 6 % of the equity of the Company.
All important decisions such as the purchase and disposition of large properties, the initiatiation and the divestiture of projects, are presented by the Board of Directors for approval to the Advisory Board. Advisory Board members are appointed by shareholders with capital commitments in excess of EUR 5 million to the equity of the Company. |
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