We believe that strong corporate governance, compliance, integrated risk management and internal control mechanisms along with effective stakeholder engagement are key to sustaining our performance. We focus on communicating the impact of operations and our performance to our stakeholders.

Today’s investors have a particular need for standardized information to assess a company’s long-term value creation strategy and its long-term risk profile. Our culture, ethics and compliance policies are shaped by our company’s principles. We believe that behavior influences culture and that culture determines our company performance. Compliance with our principles throughout our value chain and application of these principles every day through the policies that govern our organization are very important to us.

Our corporate governance approach is based on four main principles: Transparency, Fairness, Responsibility and Accountability. We shape our management approach based on these principles and we improve our corporate governance practices every year by using best practices as a guide. We have been on the BIST Corporate Governance Index since 2019.

GOVERNANCE STRUCTURE

Our Board of Directors is the highest management body in our company and consists of eight members, two of which are independent. Chairperson of the Board and CEO positions are held by separate individuals. The Audit Committee, the Early Risk Detection Committee and the Corporate Governance Committee report to the Board of Directors. We determine and monitor performance indicators, risks and opportunities under the leadership of process owners and implement necessary improvements in order to increase the effectiveness of our corporate governance.