Corporate Governance Committee

The Corporate Governance Committee was established to support the Board of Directors for the following purposes: to ensure that the Company shall comply with the Corporate Governance Principles, to support and assist the Board of Directors by carrying out studies on the matters of investor relations and public disclosure.

• The Committee evaluates whether the Company’s Management shares with the personnel of the Company the importance and advantages of having effective management applications and whether a true “culture of Corporate Governance” has been established within the Company.
• The Committee makes suggestions to the Board of Directors related to the infrastructure developed for performance increasing management applications, and the sound functioning thereof in all the Company subsidiaries, as well as its perception and compliance by the employees and support by the management.
• The Committee sees whether the Corporate Governance principles are duly applied and the reasons of a negative answer thereto, as well as the conflicts of interest due to non-compliance therewith and makes suggestions of correction to the Board of Directors.

Its members are;

• H. Faik AÇIKALIN / Chairman
• Gülsüm AZERİ / Member
• Ayşegül BENSEL / Member
• Serdar KIRMAZ / Member
• Oğuz SATICI / Member
• Aslı Gülhan SU ATA / Member

Duties and Working Rules of the Corporate Governance Committee

Audit Committee

Audit Committee shall assist the Board of Directors regarding the supervision of matters related to accounting, finance and audit. The Committee shall review and evaluate the methods and processes developed by the Company with respect to financial reporting and enlightening of the public; financial, operational and activity risks; internal control, internal and external independent audit, and compatibility with laws and regulations and advise the Board of Directors related thereto.

• The Committee makes suggestions to the Board of Directors related to the issues of sound achievement of the internal control network in all the Company’s subsidiaries, as well as its perception by the employees and support by the management.
• The Committee ensures that the internal control procedures are all in written format and that they are periodically updated in order to achieve a permanent efficiency.
• The Committee ensures that the coordination and communication between the subsidiaries of the Company and the Internal Audit Department duly functions.

Its members are;

• H. Faik AÇIKALIN / Chairman
• Gülsüm AZERİ / Member

Duties and Working Rules of the Audit Committee

Early Risk Assessment Committee

The purpose of the Early Risk Assessment Committee is to early detection of the risks which poses a threat to the existence, development and continuation of the corporation, taking the necessary measures with respect to detected risks and working on risk management.

• To advise the Board of Directors on such subjects as early determination, evaluation and calculating the impact and possibilities of strategic, operational, financial, legal and other type of risks, managing and reporting such risks in accordance with the Company’s corporate risk-taking profile, applying necessary measures on determined risks and taking into consideration the same in decision-making mechanisms, and establishing and integrating effective internal control mechanisms.
• The Committee determines the risk management policies in line with the opinion of the Board of Directors based on the risk management strategies, to determine the implementation procedures and ensuring their application and compliance with them.

Its members are;

• H. Faik AÇIKALIN / Chairman
• Gülsüm AZERİ / Member
• Ayşegül BENSEL / Member
• Serdar KIRMAZ / Member
• Oğuz SATICI / Member

Duties and Working Rules of the Early Risk Assessment Committee