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Board of Directors
Board of Directors
The Board of Directors of the company consists of members who are independent of the shareholders of the company.
President
Mr Andreas Demetriou
Executive Board Members
  • Mr Nicodemos Damianou
  • Mr Michael Skender
    Non-executive Board Members
  • Mr Marios Clerides
  • Mr Menicos Messios
  • Mr Dionysios Karatsis
  • Mr Marios Nicolaou

    Main roles and responsibilities

    The Board of Directors’ main roles and responsibilities involve making decisions about the following:

    • the objectives and strategic policy of the company
    • its annual budget and business plan
    • significant capital expenditures, as set out by the Board of Directors
    • adopting and enforcing any changes in accounting principles
    • selecting, appointing and terminating the services of the company’s General Manager
    • approving the company’s risk appetite

    Company Ownership

    JCC is fully owned by local commercial banks in Cyprus. Bank of Cyprus Public Co Ltd has a controlling interest. JCC’s other shareholders are: Hellenic Bank Public Company Ltd, Alpha Bank Cyprus Ltd, National Bank of Greece (Cyprus) Ltd and AstroBank Ltd.