CHAPTER 1
ESTABLISHMENT – NAME – REGISTERED OFFICE – PURPOSE – DURATION
ARTICLE 1
ESTABLISHMENT – LEGAL FORM – NAME
1.1. By virtue of this Charter, a branch of a University Legal Entity (hereinafter the “U.L.E. branch”) is established under the name “UNIC ATHENS UNIVERSITY LEGAL ENTITY” and the distinctive title “UNIC ATHENS U.L.E.” (hereinafter “UNIC Athens U.L.E.”).
1.2. In the U.L.E. branch’s dealings with foreign persons, the name and distinctive title of the branch shall be rendered in a faithful translation into any foreign language or in Latin characters. The official name of the “U.L.E.” element shall be rendered in English as “University Legal Entity” or “U.L.E.”
ARTICLE 2
REGISTERED OFFICE
2.1. The registered office of the UNIC Athens U.L.E. branch is the Municipality of Elliniko–Argyroupoli of the Regional Unit of the Southern Sector of Attica Region.
2.2. The UNIC Athens U.L.E. branch may relocate its registered office anywhere within the same Municipality by virtue of a relevant decision of the Governing Board, without requiring an amendment to this Charter.
2.3. The UNIC Athens U.L.E. branch may establish subsidiaries or other forms of secondary facilities in Greece or abroad by virtue of a relevant decision of the Governing Board, without requiring an amendment to this Charter.
ARTICLE 3
LEGAL NATURE – RELATIONSHIP WITH THE PARENT INSTITUTION – MISSION
3.1. The UNIC Athens U.L.E. branch is a special-purpose legal entity endowed with legal personality and non-profit character. It is directly linked to the Parent Institution “University of Nicosia,” which has been licensed by the Minister of Education, Culture, Youth and Sports of the Republic of Cyprus under license no. 7.15.15.1.3 (hereinafter the “Parent Institution”). It operates under the supervision of the Parent Institution as its branch in Greece, in accordance with the provisions of the educational agreement between the Parent Institution and the UNIC Athens U.L.E. branch (hereinafter the “Educational Agreement”).
3.2. The Parent Institution retains full control and authority over academic matters, which are approved by the respective competent bodies of the Parent Institution of the UNIC Athens U.L.E. branch (such as the Senate and the Council), as well as over any other issue deemed essential by the Parent Institution relating to decision-making and the operation of the UNIC Athens U.L.E. branch.
3.3. The Educational Agreement specifies the specific mechanisms and procedures through which the Parent Institution exercises continuous oversight over the UNIC Athens U.L.E. branch, including the approval of certain categories of decisions made by the governing body or other bodies of the UNIC Athens U.L.E. branch.
3.4. The mission of the UNIC Athens U.L.E. branch is to:
(a) Provide high-quality higher education without discrimination or exclusion, respecting the principles of academic freedom, meritocracy, and the social role of higher education; to generate and disseminate knowledge through teaching and research; to prepare students for the practical and societal application of that knowledge; and to cultivate and advance the sciences, arts, letters, and culture.
(b) Organise and offer programmes of study in formal higher education at the first (undergraduate), second (master’s), and third (doctoral) cycles, as well as short-duration programmes and lifelong learning programmes.
(c) Implement modern teaching methods, promote interdisciplinarity and innovative research consistent with internationally recognised standards.
(d) Develop students’ abilities, skills, and critical thinking by providing them with the necessary knowledge and resources for their academic careers; create the conditions for nurturing new researchers and attracting new academics; and respond to the needs of society, the labour market, and various professional fields.
(e) Conduct innovative research, promote the dissemination of knowledge to society, and utilise research outcomes while adhering to the principles of research, scientific, and ethical conduct, sustainable and long-term development, social cohesion, and inclusion; and ensure the principle of freedom in research and teaching.
(f) Foster collaboration with domestic and international Higher Education Institutions, research and technological entities, public, European, and international organisations, as well as productive and private bodies.
(g) Develop educational and research activities in Greece and abroad for the promotion of education, research, technology, and culture.
3.5. To fulfil its mission, the UNIC Athens U.L.E. branch is organised and operates according to rules and practices that ensure and protect, in particular, the principles of:
(a) Freedom of teaching and research, and academic freedom,
(b) Research and scientific ethics,
(c) Quality, accessibility, meritocracy, and the social mission of higher education,
(d) Effectiveness and efficiency in managing personnel, resources, and infrastructure,
(e) Full transparency, and
(f) Accountability.
ARTICLE 4
PURPOSE
4.1. The purpose of the UNIC Athens U.L.E. branch is to provide higher education services in the Hellenic Republic in accordance with applicable legal provisions.
4.2. To achieve this purpose, the UNIC Athens U.L.E. branch may:
(a) Acquire and dispose of movable and immovable property,
(b) Conclude agreements with other natural or legal persons, domestic or foreign, in the context of its operations,
(c) Accept donations, sponsorships, contributions in money or services, or in movable or immovable property, derived from private funding sources, and
(d) Borrow funds and invest funds, provided that any amounts to be invested are not necessary for covering the branch’s immediate needs.
ARTICLE 5
DURATION
The duration of the UNIC Athens U.L.E. branch is indefinite, commencing upon entry of its operating license in the Register of University Legal Entities under Article 144 of Law 5094/2024.
CHAPTER II – SHARE CAPITAL – SHARES
ARTICLE 6
CAPITAL – CAPITAL INCREASE
6.1. The capital of the UNIC Athens U.L.E. branch is set at the total amount of three million euros (€3,000,000.00), divided into three million (3,000,000) shares, each with a nominal value of one euro (€1.00). These shares have been subscribed by its founder, namely the Parent Institution “University of Nicosia,” with registered office at 46 Makedonitissas Avenue, CY-2417, Nicosia, Cyprus, holding Tax ID 996415490, and are fully covered by cash payment from the Parent Institution.
6.2. A resolution of the General Assembly, adopted with increased quorum and majority, is required for any capital increase. The deadline for payment of the capital increase may not be set to less than fourteen (14) days or more than four (4) months from the date of the relevant resolution. The General Assembly may, by its resolution on the increase, authorise the Governing Board to determine the share offer price of the new shares.
ARTICLE 7
SHARES
7.1. The shares of the UNIC Athens U.L.E. branch are registered shares, each conferring one voting right.
7.2. The UNIC Athens U.L.E. branch issues share certificates, signed by the President of the Governing Board and one member thereof designated by the Board. These share certificates may represent one or more shares, bear a serial number, date of issuance, the personal details of the shareholder, and any other data required by law.
ARTICLE 8
PRE-EMPTION RIGHT
8.1. In any capital increase, including increases effected through contributions in kind, a pre-emption right is granted in respect of the entire new capital to the existing shareholders at the time of issuance, proportionate to their stake in the existing capital.
8.2. The pre-emption right must be exercised within the time limit set by the body of the UNIC Athens U.L.E. branch that decided on the capital increase. Subject to compliance with the capital payment deadline in Article 6.2 herein, this period may not be shorter than fourteen (14) days. Where the General Assembly authorises the Governing Board to determine the share offer price of the new shares, the deadline for exercising the pre-emption right does not commence before the Governing Board has determined the offer price.
8.3. If the body of the UNIC Athens U.L.E. branch deciding on the capital increase omits to set a deadline for exercising the pre-emption right, that deadline is determined by a decision of the Governing Board, within the time limits provided under Article 8.2 herein.
CHAPTER III
GOVERNING BODIES
ARTICLE 9
GOVERNING BODIES
9.1. The governing bodies of the UNIC Athens U.L.E. branch are:
(a) The General Assembly, and
(b) The Governing Board.
ARTICLE 10
POWERS OF THE GENERAL ASSEMBLY
10.1. The General Assembly is the supreme governing body of the UNIC Athens U.L.E. branch, composed of all shareholders. Where a shareholder is a legal entity, such entity participates in the General Assembly through its lawful representative(s) or their deputies, as designated in the entity’s own constitutional documents.
10.2. The General Assembly has exclusive authority to decide on the following matters:
(a) Amendments to this Charter, subject to approval by the Parent Institution,
(b) Dissolution of the UNIC Athens U.L.E. branch,
(c) Appointment and dismissal of members of the Governing Board, subject to approval by the Parent Institution,
(d) Approval of balance sheets and of related performance reports,
(e) Oversight of management acts of the Governing Board and approval of its accountability,
(f) Approval and amendment of the Internal Regulations of the U.L.E. branch, subject to approval by the Parent Institution, and
(g) Any other matter for which exclusive decision-making authority is assigned to the General Assembly by this Charter or by law.
10.3. In exercising its powers, the General Assembly must inform the Parent Institution and obtain its approval whenever required under the provisions of Law 5094/2024.
ARTICLE 11
CONVENING THE GENERAL ASSEMBLY
11.1. The General Assembly shall convene at the registered office of the UNIC Athens U.L.E. branch or within the administrative district of its registered office. It may also convene in any other location in Greece or abroad, provided that shareholders representing all shares with voting rights attend or are represented, and none objects to holding the meeting and adopting resolutions.
11.2. The General Assembly may also be held via teleconference under procedures to be stipulated either by a decision of the General Assembly itself or, upon its authorisation, by a decision of the Governing Board.
ARTICLE 12
INVITATION – AGENDA OF THE GENERAL ASSEMBLY – PARTICIPATION
12.1. The invitation to the General Assembly, indicating at least the venue with exact address, the date and time of the meeting, the clearly stated items on the agenda, the shareholders entitled to participate, and precise instructions on how shareholders may attend and exercise their rights, is served either by bailiff or by registered mail, provided that shareholders have timely notified the UNIC Athens U.L.E. branch of their address. It may also be sent via email to those shareholders who have timely notified the UNIC Athens U.L.E. branch of their email address. Where the invitation is served by registered mail, such mailing must precede by at least five (5) days the minimum notice period provided in this Charter. If delivered by email, confirmation of sending is established in accordance with a procedure defined by the Governing Board.
12.2. The preparation and signing of minutes by all shareholders or their proxies is tantamount to a valid resolution of the General Assembly. This also applies if all shareholders or their proxies agree to record a majority resolution in the minutes without a meeting. In such event, the minutes are signed by all shareholders, with any dissent recorded. The shareholders’ or their proxies’ signatures may be replaced by an exchange of emails or other electronic means, if provided for in this Charter.
12.3. No invitation is required if shareholders representing all shares with voting rights attend or are represented at the General Assembly and none objects to holding the meeting and adopting decisions (“universal General Assembly”).
ARTICLE 13
QUORUM AND MAJORITY OF THE GENERAL ASSEMBLY
13.1. The General Assembly achieves quorum and may validly deliberate on the agenda items if shareholders representing at least one-fifth (1/5) of the paid-up capital are present or represented.
13.2. If this quorum is not met, the General Assembly shall reconvene within twenty (20) days of the date of the adjourned meeting, following an invitation issued at least ten (10) full days in advance. At the reconvened meeting, the General Assembly achieves quorum and may validly deliberate on the same agenda items regardless of the portion of the paid-up capital represented. A new invitation is not required if the initial invitation specified the time and place of the reconvened meeting, provided at least five (5) days elapse between the adjourned and the reconvened meeting.
13.3. By exception, for resolutions concerning the increase of shareholders’ obligations, a regular capital increase, a reduction of capital, dissolution of the UNIC Athens U.L.E. branch, or any other case where the law or this Charter stipulates that the General Assembly decides by enhanced quorum and majority, the Assembly achieves quorum and may validly deliberate on the specified agenda items if shareholders representing at least half (1/2) of the paid-up capital are present or represented.
13.4. In the above exceptional cases, if such quorum is not met, the General Assembly shall be convened and reconvene in accordance with Article 13.2 herein, and achieves quorum if shareholders representing at least one-third (1/3) of the paid-up capital are present or represented. A new invitation is not required if the initial invitation specified the time and place of the reconvened meeting, provided that at least five (5) days elapse between the adjourned and the reconvened meeting.
13.5. The General Assembly’s resolutions are adopted by an absolute majority of the votes represented. By exception, resolutions falling under Article 13.3 herein are adopted by a two-thirds (2/3) majority of the votes represented at the meeting.
ARTICLE 14
COMPOSITION AND TENURE OF THE GOVERNING BOARD
14.1. The UNIC Athens U.L.E. branch is managed by a Governing Board consisting of seven (7) to fifteen (15) directors, which decides on all matters concerning its administration.
14.2. The members of the Governing Board, who may be shareholders of the UNIC Athens U.L.E. branch or third parties (natural or legal persons), are elected by the General Assembly of shareholders of the UNIC Athens U.L.E. branch and approved by the Parent Institution. They serve a five-year term, automatically extended until the first Ordinary General Assembly following the end of that term. In cases where a Board member is a legal entity, it must designate one natural person to exercise its powers as a member of the Governing Board.
14.3. Board members may be re-elected or freely dismissed.
ARTICLE 15
AUTHORITY AND POWERS OF THE GOVERNING BOARD
15.1. The Governing Board exercises management (administration and disposition) of the assets of the UNIC Athens U.L.E. branch, represents it, and generally pursues its purposes. It decides on all matters concerning the branch, within the scope of its objectives, except for those matters falling under the exclusive authority of the General Assembly or the Parent Institution under the law or this Charter.
15.2. For matters that do not require collective action, as well as those not assigned by law to a specific person, the Governing Board may, by its decision and upon approval by the Parent Institution, delegate the exercise of any or all of its powers and authority, including the representation of the UNIC Athens U.L.E. branch, to one or more persons (whether members of the Board or not), defining the extent of such delegation.
ARTICLE 16
FORMATION OF THE GOVERNING BOARD
16.1. Immediately after its election and approval by the Parent Institution, the Governing Board convenes and is formed into a corporate body by electing a President and, if desired, one or more Vice Presidents.
16.2. Upon the constitution of any newly elected Governing Board, the Board members elect among themselves the President of the Board, the Vice President of the Board, and one or more Managing Directors.
16.3. The President of the Governing Board (who must be a Board member) holds the following responsibilities:
(a) Convenes the Governing Board as specified in the Charter of the UNIC Athens U.L.E. branch and arranges the meeting agenda,
(b) Keeps the Minutes of the Governing Board and certifies true copies or extracts thereof,
(c) Exercises such additional powers as may be assigned by the Governing Board or by this Charter.
In the event of the President’s absence or incapacity, the Vice President shall act in their stead.
16.4. The Managing Director is an executive member of the Board and serves as the lawful representative of the UNIC Athens U.L.E. branch, within the meaning of point (i) of paragraph 3 of Article 134 of Law 5094/2024.
16.5. The Governing Board may elect from among its members one or more Managing Directors or General Directors, specifying their respective powers.
ARTICLE 17
REPLACEMENT OF A MEMBER OF THE GOVERNING BOARD
17.1. If, for any reason, one or more Board member seats become vacant, the remaining members may continue administering and representing the UNIC Athens U.L.E. branch without replacing the missing members, on the condition that their number exceeds half the total number of members prior to the vacancy. In any event, the remaining members must not be fewer than three (3).
17.2. In any event, the Governing Board may elect replacement members for those who have resigned, died, or lost their capacity in any way. This election by the remaining Board members is valid for the unexpired term of the member being replaced, provided that at least three (3) members remain. The election resolution must be approved by the Parent Institution.
17.3. The directors must attend and participate regularly in Board meetings.
ARTICLE 18
CONVENING THE GOVERNING BOARD
18.1. The Governing Board may meet anywhere in Greece or abroad whenever required by law, this Charter, or the needs of the UNIC Athens U.L.E. branch, provided that all its members are present or represented and none objects to holding the meeting or adopting resolutions.
18.2. The Governing Board may also convene via teleconference under a procedure determined by a Board resolution or by authorisation granted by the Board to the President.
18.3. The Governing Board is convened by the President upon at least two (2) working days’ notice. The invitation must clearly state the agenda items; otherwise, resolutions may only be adopted if all Board members are present or represented and none objects.
18.4. Two (2) members of the Governing Board may request that the President convene the Board by submitting a written application, in which case the President must convene the Board within seven (7) days of receipt of the request.
18.5. In the event the President refuses or fails to convene the Board within the above timeframe, the members who requested the meeting may convene the Board within five (5) days after the expiration of the ten-day period, notifying the other Board members accordingly. Their request must clearly specify, on penalty of inadmissibility, the agenda items to be discussed by the Governing Board.
ARTICLE 19
REPRESENTATION OF MEMBERS – QUORUM – MAJORITY
19.1. A director who is absent may be represented by another director. Each director may represent only one absent director.
19.2. The Governing Board achieves quorum and meets validly if half of its members plus one are present or represented; in no event shall the number of those attending be fewer than three (3). Any fraction is rounded down.
19.3. Unless otherwise required by law, the Governing Board’ resolutions are validly adopted by an absolute majority of the members present or represented. In the event of a tie, the President’s vote prevails.
19.4. The minutes of the Governing Board are signed by the President. Official copies of the minutes are issued by the President without requiring any further certification.
ARTICLE 20
MINUTES OF THE GOVERNING BOARD
20.1. The discussions and resolutions of the Governing Board are entered in summary form in a special register, which may also be kept electronically. At the request of a Board member, the President is obliged to record a summary of that member’s opinion. A list of the members present or represented at the meeting is also recorded in this register.
20.2. The minutes of the Governing Board are signed by the attending members. In the event a member refuses to sign, a note is made in the minutes. Official copies of the minutes are issued by the President or by another person authorised either by this Charter or by the Governing Board, without requiring further certification.
20.3. The preparation and signing of minutes by all members of the Board or their proxies is equivalent to a Board resolution, even if no meeting has taken place. The same applies if all directors or their proxies agree to record a majority decision in minutes without an actual meeting. Such minutes must be signed by all directors. Directors’ or proxies’ signatures may be replaced by an exchange of emails or other electronic means, if provided for in this Charter. The minutes so prepared are entered in the branch’s Governing Board’ minutes register.
CHAPTER IV
FINANCIAL YEAR – PROFIT ALLOCATION – PROHIBITION ON DISTRIBUTION
ARTICLE 21
FINANCIAL YEAR
The financial year has a duration of twelve (12) months, commencing on 1 July of each year and ending on 30 June of the following year.
ARTICLE 22
PROHIBITION ON DISTRIBUTION OF PROFITS
The distribution of profits to any person whatsoever is strictly and unconditionally prohibited.
ARTICLE 23
FINANCIAL STATEMENTS
23.1. The annual and consolidated financial statements of the UNIC Athens U.L.E. branch are prepared, audited, and approved in accordance with Law 4308/2014 and with all other relevant special provisions regulating these matters.
23.2. For the General Assembly to validly decide on the financial statements prepared by the Governing Board, these must be signed by:
(a) The Managing Director or their deputy,
(b) One member of the Governing Board designated by it, and
(c) The legally responsible accountant, duly certified by the Economic Chamber of Greece and holding an A-class license for preparing financial statements.
23.3. If any of the above persons disagree regarding the lawfulness of how the financial statements have been prepared, they must submit their objections in writing to the General Assembly.
23.4. The annual and consolidated financial statements are approved by the General Assembly.
ARTICLE 24
ANNUAL AUDIT OF FINANCIAL DATA
The UNIC Athens U.L.E. branch is subject to an annual financial audit by a sworn auditor/accountant appointed by the Minister of Education, Religious Affairs, and Sports. The auditor’s report is submitted to the Minister of Education, Religious Affairs, and Sports and is notified to the Hellenic Authority for Higher Education (HAHE).
CHAPTER V
ARTICLE 25
Organisational Chart of Units and Administrative Services – Personnel
25.1. The administrative body at UNIC Athens is the Governing Board (BoD).
The Academic Council (AC) is the academic body of UNIC Athens, formed in accordance with the internal regulations adopted by the UNIC Athens U.L.E. branch under the Educational Agreement with the Parent Institution.
The composition of these bodies, as well as other councils and committees at UNIC Athens, is structured in a way that ensures the Parent Institution retains full control. The following diagrams* illustrate the administrative structure of the Branch in relation to the overall University structure.
*Note: The diagrams will be added at a later stage.
25.2. Number of Administrative Staff: To ensure proper functioning of the Branch, there will be at least fifteen (15) administrative personnel. Staffing needs are periodically reviewed, depending on the Branch’s growth and prevailing requirements.
25.3. Qualifications of Administrative Staff: The administrative staff of UNIC Athens is selected based on the requirements of each post, with the aim of effective operation and support of academic and student services. The required qualifications are determined according to the nature of each position, taking into account relevant academic credentials, skills, and experience as needed. The recruitment process follows the approved policies and best practices of the Parent Institution, ensuring transparency and merit-based selection. Opportunities for ongoing professional development are also provided to maintain high-level services across all administrative functions.
CHAPTER VI
DISSOLUTION – LIQUIDATION
ARTICLE 26
GROUNDS FOR DISSOLUTION OF THE UNIC ATHENS U.L.E. BRANCH
26.1. The UNIC Athens U.L.E. branch is dissolved:
(a) By resolution of the General Assembly, adopted with increased quorum and majority,
(b) By declaration of bankruptcy, or if a bankruptcy petition is dismissed due to insufficient assets to cover the costs of proceedings,
(c) By a declaratory act of the Minister of Education, Religious Affairs, and Sports in cases where the installation and operating license is revoked, and
(d) Upon termination of its relationship with the Parent Institution in any manner.
26.2. The concentration of all shares in one person is not a cause for dissolution of the UNIC Athens U.L.E. branch.
ARTICLE 27
LIQUIDATORS OF THE UNIC ATHENS U.L.E. BRANCH
27.1. Except in the case of bankruptcy, dissolution of the UNIC Athens U.L.E. branch is followed by liquidation.
27.2. Unless this Charter provides otherwise, the Governing Board acts as liquidator until the General Assembly appoints a liquidator. The General Assembly may appoint a single liquidator. The appointment of liquidators automatically terminates the powers of the Governing Board. However, if cessation of the Board’s powers endangers the interests of the UNIC Athens U.L.E. branch, the Board has an obligation to continue its administration until the liquidator assumes office.
27.3. The provisions of this Charter regarding the Governing Board apply accordingly to the liquidators. The liquidators’ discussions and decisions are entered in summary form in the Governing Board’ minutes register.
27.4. Members of the last Governing Board must provide information or reasonable assistance to the liquidator, if requested, for the quickest and most efficient liquidation. They must also deliver any assets of the UNIC Athens U.L.E. branch in their possession.
ARTICLE 28
LIQUIDATION OF THE UNIC ATHENS U.L.E. BRANCH
28.1. Immediately upon assuming their duties, the liquidators must carry out an inventory of the UNIC Athens U.L.E. branch’s assets and publish an opening liquidation balance sheet, which is not subject to approval by the General Assembly. The inventory must be completed within three (3) months of assuming their duties.
28.2. The General Assembly of shareholders retains all its rights throughout the liquidation period.
28.3. The liquidators must promptly conclude all outstanding affairs of the UNIC Athens U.L.E. branch, convert its assets into cash—subject to Article 28.8—settle its debts, and collect its receivables. They may carry out new transactions only if they serve the liquidation and the interests of the UNIC Athens U.L.E. branch.
28.4. The liquidators may also dispose of the real estate of the UNIC Athens U.L.E. branch, or the entirety or any segment of the enterprise or individual fixed assets, but only after the lapse of three (3) months from the date of its dissolution. Within this three-month period, any shareholder or creditor may petition the court (in accordance with Articles 739 ff. of the Code of Civil Procedure) to set a minimum sale price for such real estate, segments, or the entire enterprise. The court’s decision is binding on the liquidators and is not subject to ordinary or extraordinary legal remedies, but may be reviewed under Article 758 of the Code of Civil Procedure if the disposal cannot be effected.
28.5. The liquidators may request, by application to the court under voluntary jurisdiction, that the liquidation be carried out in accordance with the provisions governing judicial liquidation of inheritances (Articles 1913 ff. of the Civil Code), applied mutatis mutandis. In this case, forced execution against the UNIC Athens U.L.E. branch is permissible during liquidation.
28.6. The branch’s shareholders must pay the portion of capital they have subscribed but not yet paid, to the extent necessary to meet the objectives of liquidation.
28.7. Each year, the liquidators shall prepare interim financial statements, which they submit to the General Assembly with an explanatory report on the reasons preventing the conclusion of the liquidation. These interim financial statements are subject to publication. Final financial statements of the liquidation are also prepared, which are approved by the General Assembly and are published. The General Assembly also decides on the approval of the liquidators’ overall work and the discharge of the auditors.
28.8. Based on the approved final liquidation financial statements, the liquidators distribute the liquidation proceeds to the shareholders according to their entitlements. If all shareholders agree, distribution may be made by in-kind transfer of the UNIC Athens U.L.E. branch’s assets.
CHAPTER VII
FINAL PROVISIONS
ARTICLE 29
GENERAL PROVISION
Any matter not expressly regulated by this Charter shall be governed by the provisions of Law 5094/2024, as amended, and supplementary provisions of the Civil Code.
CHAPTER VIII
TRANSITIONAL PROVISIONS
ARTICLE 30
COMPOSITION OF THE FIRST GOVERNING BOARD
30.1. By exception to the provisions of Article 15, the first Governing Board is composed of:
(a) Panagiotis Skandalakis, President of the Governing Board.
(b) Antonis Polemitis, Chief Executive Officer (CEO) of the Parent Institution, Vice President of the Governing Board.
(c) Nikolaos Gonis, Director of the Campus and UNIC Health, Managing Director.
(d) Christakis Vlachos, Chief Financial Officer (CFO) of the Parent Institution, Member of the Governing Board.
(e) Nikos Kartakoullis, President of the Council of the Parent Institution, Member of the Governing Board.
(f) Philippos Pouyioutas, Rector of the Parent Institution, Member of the Governing Board.
(g) Andreas Charalambous, Executive Vice President of Health of the Parent Institution, Member of the Governing Board.
(h) Vasileios Koulaidis, Vice President for Development of the Parent Institution, Member of the Governing Board.
(i) Marios Papalazarou, Vice President for Human Resources of the Parent Institution, Member of the Governing Board.
(j) Dimitris Drikakis, Vice President for Global Partnerships of the Parent Institution, Member of the Governing Board.
(k) Maria Anastasi, Financial Director of the Parent Institution, Member of the Governing Board.
(l) Alexandros Antonaras, Vice President for Student Services of the Parent Institution, Member of the Governing Board.
(m) Nikolas Kythreotis, Director of Social and Corporate Engagement of the Parent Institution, Member of the Governing Board.
30.2. The Parent Institution declares that the above Governing Board has been approved by it.
30.3. The tenure of the first Governing Board is set at five years, automatically extended until the first Ordinary General Assembly following the expiration of their term.
30.4. The Managing Director is the lawful representative of the UNIC Athens U.L.E. branch before administrative and judicial authorities.
ARTICLE 31
COVERAGE AND PAYMENT OF THE CAPITAL
31.1. The capital of the UNIC Athens U.L.E. branch, as set out in Article 6 of this Charter, is fully covered by cash payment by the Parent Institution (University of Nicosia) and must be paid in full within two (2) months from the date of establishment of the UNIC Athens U.L.E. branch.
31.2. The certification of capital payment must take place within the first two months from establishment of the UNIC Athens U.L.E. branch, and within one (1) month from the end of the deadline for payment of the increased amount. This certification is carried out by the Governing Board, which convenes within the above deadlines to address the agenda item “Certification of whether or not the capital has been paid.”
