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Bank Of Cyprus Reshapes Board Committees To Strengthen Governance

by THEFUTURE.TEAM

September 22, 2025

On Monday, September 22, 2025, Bank of Cyprus Holdings Public Limited Company and Bank of Cyprus Public Company Limited announced a strategic overhaul of their board committees aimed at bolstering governance and risk management frameworks. The bank’s proactive approach highlights its commitment to maintaining an agile and robust leadership structure in today’s dynamic financial landscape.

Risk Committee Reorganization

The newly configured risk committee will be led by Monique Hemerijck, who now assumes the role of chair. The committee’s expanded team includes Stuart Birrell, Christian Hansmeyer, and Andreas Kritiotis. This restructure underscores the bank’s focus on refining risk oversight and ensuring a balanced approach to risk-taking and regulatory compliance.

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Audit Committee Leadership

In a parallel move, Irene Psalti has been appointed as the chair of the audit committee. Joining her are Adrian John Lewis, Lyn Grobler, Monique Hemerijck, and Georgios Syrichas. This revamped team is tasked with enhancing audit processes and reinforcing internal controls, thereby driving stronger financial integrity throughout the organization.

Nominations And Corporate Governance Committee

Takis Arapoglou will now chair the nominations and corporate governance committee, supported by Lyn Grobler, Christian Hansmeyer, and Georgios Syrichas. The committee’s reorganization is expected to elevate the bank’s strategic oversight and governance standards, aligning its practices with industry best practices.

Human Resources And Remuneration Committee

Adrian John Lewis has been designated as the chair of the human resources and remuneration committee, with Stuart Birrell, Irene Psalti, and Andreas Kritiotis completing the team. This restructuring is integral to enhancing the bank’s internal talent management and aligning executive remuneration with performance metrics.

Stability In Technology Governance

The bank confirmed that the composition of the technology committee remains unchanged. Lyn Grobler will continue as chair, with Monique Hemerijck and Adrian John Lewis serving as members. This stability is crucial as the bank continues to prioritize technological innovation and digital transformation initiatives.

The board’s decision, which takes effect on Wednesday, October 1, 2025, reflects a comprehensive effort to strengthen governance frameworks and position the organization for future challenges. With these expert-led committees in place, Bank of Cyprus reaffirms its dedication to effective oversight and strategic evolution in the fast-paced banking sector.

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EU Moderates Emissions While Sustaining Economic Momentum

by THEFUTURE.TEAM

November 15, 2025

The European Union witnessed a modest decline in greenhouse gas emissions in the second quarter of 2025, as reported by Eurostat. Emissions across the EU registered at 772 million tonnes of CO₂-equivalents, marking a 0.4 percent reduction from 775 million tonnes in the same period of 2024. Concurrently, the EU’s gross domestic product rose by 1.3 percent, reinforcing the ongoing decoupling between economic growth and environmental impact.

Sector-By-Sector Performance

Within the broader statistics on emissions by economic activity, the energy sector—specifically electricity, gas, steam, and air conditioning supply—experienced the most significant drop, declining by 2.9 percent. In comparison, the manufacturing sector and transportation and storage both achieved a 0.4 percent reduction. However, household emissions bucked the trend, increasing by 1.0 percent over the same period.

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National Highlights And Notable Exceptions

Among EU member states, 12 reported a reduction in emissions, while 14 saw increases, and Estonia’s figures remained static. Notably, Slovenia, the Netherlands, and Finland recorded the most pronounced declines at 8.6 percent, 5.9 percent, and 4.2 percent respectively. Of the 12 countries reducing emissions, three—Finland, Germany, and Luxembourg—also experienced a contraction in GDP growth.

Dual Achievement: Environmental And Economic Goals

In an encouraging development, nine member states, including Cyprus, managed to lower their emissions while maintaining economic expansion. This dual achievement—reducing environmental impact while fostering economic activity—is a trend that has increasingly influenced EU climate policies. Other nations that successfully balanced these outcomes include Austria, Denmark, France, Italy, the Netherlands, Romania, Slovenia, and Sweden.

Conclusion

As the EU continues to navigate its climate commitments, these quarterly insights underscore a gradual yet significant shift toward balancing emissions reductions with robust economic growth. The evolving landscape highlights the critical need for sustainable strategies that not only mitigate environmental risks but also invigorate economic resilience.