One more presentation, within the framework of the day meetings which are organized by KOUMENTAKIS & ASSOCIATES on the New Law on on Sociétés Anonymes, was successfully held in Heraklion, Crete. Specifically, a presentation was recently held at Foroepilysis, a rapidly growing company of Mr. Vassilakis that provides accounting, financial and tax services.
Stavros Koumentakis, Senior Partner, has highlighted the business opportunity that is emerged by the changes brought by the new Law on on Sociétés Anonymes. He presented the general framework of the New Law and made an extensive reference on individual regulations of the new law and the use of the law’s options for businesses on aspects, such as:
- reducing their operating costs
- attracting investors and investment funds
- exploiting technology
- attracting and retaining competent, senior-level, executives
- protecting the clients of the Law Firm against their “internal and external enemies”.
Mr. Stavros Koumentakis mentioned in particular that “the New Law on Sociétés Anonymes is an important opportunity for enterprises which cannot be missed. Law 4548/2018 extends the responsibility and report of the members of the Board of Directors in terms of civil, criminal and administrative sanctions. This may be a potentially serious problem if there are no corresponding provisions and insurance coverage”. He has also mentioned that “there is a immediate need for the necessary and beneficial regulations to be adapted in the SAs’ articles of association”.
The presentation of Mr. Koumentakis at Foroepilysis, was attended by the top management, executives and employees and it was an opportunity for a broad exchange of views on the specific, extremely important (for enterprises, businessmen and board members) aspects.