Stability, responsibility, and organization
Shareholder composition and corporate structure
The share capital of the public limited company under the name “Filippoi Local Government Development Organization Single-Member Public Limited Company” is set at one hundred thousand (100,000.00) euros and is divided into ten thousand (10,000) common registered shares, each with a par value of ten (10) euros.
The sole shareholder of the Development Agency is the Municipality of Kavala, which holds 10,000 common registered shares and a 100% stake in the share capital.
The General Meeting of Shareholders, whose powers are set forth in the Articles of Association of the Development Organization, is the supreme body of the Corporation and may decide on any matter concerning the Organization, except for those matters which, by law or the Articles of Association, are decided by the Board of Directors.
