Corporate Governance Committee
Our corporate governance committee (the “Corporate Governance Committee”) assists the Board of Directors in ensuring compliance with the Corporate Governance Principles, including investigations into failure to comply with the Corporate Governance Principles and determination of conflicts of interest. The Corporate Governance Committee also oversees investor relations and performs the tasks usually allocated to a nomination and remuneration committees, as required and permitted by the Corporate Governance Communiqué.
Within this framework, the Corporate Governance Committee is responsible for, among other things, (i) preparing proposals for the appointment of members to the Board of Directors, (ii) ensuring the efficiency and independence of the Board of Directors in accordance with Corporate Governance Principles, (iii) ensuring the acknowledgement and implementation of the Corporate Governance Principles within the Board of Directors and our Company, (iv) implementing the Corporate Governance Principles within our Company, (v) supervising compliance of our Company with ethical rules, (vi) conducting an annual corporate governance management evaluation and submitting the results to the Board of Directors and (vii) making proposals in relation to the functionality of the Board of Directors and its committees.
Corporate Governance Committee Members
- Bekir Pakdemirli – Chairman
- İlter Terzioğlu
- Muhterem Kaan Terzioğlu
Our audit committee (the “Audit Committee”) assists the Board of Directors in ensuring the proper operation and efficiency of our accounting and internal control systems as well as the audit and public disclosure of our financial information. The duties of the Audit Committee also include selection of the independent auditor for approval by the Board of Directors, overseeing the independent audit process and monitoring the work of the independent auditor. The Audit Committee is also responsible for submitting written evaluations to the Board of Directors to ensure the authenticity of our annual and interim financial statements and compliance with our accounting policies. The Audit Committee convenes at least once every three months and at least four times a year and submits the minutes from its meetings to the Board of Directors.
Audit Committee Members
- Ahmet Akça – Chariman
- Erik Jean Christian Antoine Belfrage
- Bekir Pakdemirli
Early Risk Detection Committee
Our early risk detection committee (the “Early Risk Detection Committee”) assists the Board of Directors with the preliminary identification of events that endanger the existence, development and continuity of our Company, the implementation of appropriate risk management strategies and the establishment of an expert committee for risk management. The Early Risk Detection Committee is responsible for, among other things, (i) determining existing and potential operational, strategic and other risks and preparing recommendations for relevant precautions to be taken in connection with such risks, (ii) establishing risk management systems and preparing recommendations for the establishment of organizational infrastructure within our Company to attain the functionality and enhancement of such systems and (iii) proposing solutions addressing risks to the Board of Directors and the Audit Committee. The Early Risk Detection Committee is composed of three members, and the chairman of the Early Risk Detection Committee is appointed from the independent members of the Board of Directors.
Early Risk Detection Committee Members
- Atilla Koç (chairman)
- Muhterem Kaan Terzioğlu
- İzzet Serhat Demir