INNOVATION NETWORK

Company

HCAP was established during a period where primary objective of the financial policy was the achievement and assurance of financial stability.
The establishment of HCAP creates for the very first time in Greece a stable and unified institutional structure, acting with professionalism, independence and a single framework of rules, and which will have the mission to promote best practices at many levels.

The structure and philosophy of HCAP is compatible with international standards for the organization and management of public assets. This model serves the following purposes:

Separation between exercising shareholder rights in public enterprises and the regulatory – supervisory activities of the State.

Restriction and elimination of potential conflict of interest from State’s actions as shareholder and as supervisor.

Consolidation of public undertakings’ operation with professional criteria, without distorted political interference.

Overall promotion of coherence and uniformity in corporate governance policy across public undertakings.

According to the above, the Hellenic Corporation of Assets and Participations S.A. operates in the public interest in accordance with the rules of private industry. The Corporation manages and uses its assets, in order to:

Α.

Contribute resources for the implementation of Greece’s investment policy and to make investments that contribute to strengthening the development of the Greek economy,
 

&

B.

Contribute to reducing the financial obligations of the Hellenic Republic.

In order to fulfil its purpose, the Corporation shall act in an independent and professional manner, with a long-term vision in achieving its results, in accordance with its Rules of Procedure; it shall also act to guarantee full transparency, with a view to enhancing the value and improving the performance of its assets, as well as generating revenue, which is distributed in accordance with Law 4389/2016.

Furthermore, the Corporation shall promote reforms of public undertakings, inter alia, through restructuring, good corporate governance and transparency and by fostering accountable administration, social responsibility, sustainability, innovation and good corporate practices.

SWITCH THE LANGUAGE