DUTIES AND WORKING PRINCIPLES OF THE COMMITTEE IN CHARGE OF SUPERVISION
Purpose
The committee in charge of supervision has been created with the purpose of reporting the application efficiency, accounting and financial condition of the internal and external supervision process of the Corporation and to report the operation and efficiency of the internal systems related to internal supervision, to the Board of Management.
Members
The committee in charge of supervision, consists of independent members of the Board of Management. Corporation’s Manager for financial affairs is responsible to establish the coordination between the Corporation and the committee in charge of supervision. Current members of the committee in charge of supervision:
Ziya Mehmet ÜNAL/President
Can ÖZDEMİR/Member
Sebahattin Levent DEMİRER/Member
Duties and Authorities
The committee in charge of supervision; supervises the accounting system of the Corporation, the releasing of the financial details to the public, the independent internal audition and the operation and efficiency of the internal control system. Election of the independent audit committee is conducted under the supervision of the committee which is responsible for the supervision of the operations of the independent audit board in each stage and to prepare the independent supervision contract and to start the independent supervision process.
Independent audit board from which the Corporation receives services, as well as the services which are planned to be received from this board are designated by the committee in charge of supervision and is submitted for the approval of the board of management.
Independent audit board shall immediately report the important issues concerning the accounting policy and the applications of the Corporation, application and public dissemination options in consideration with the accounting principles and accounting standards of the SPK which it has previously submitted to the management of the Corporation, their foreseeable results and application suggestions, important correspondences it has conducted with the management of the association, to the committee in charge of supervision, in a written form.
Methods and criteria which shall be applied during the examination of the complaints received by the Corporation, concerning the independent audition of the accounting and internal control systems of the Corporation, their resolutions, to the evaluation of the feedback of the employees of the Corporation concerning the accounting and independent audition of the Corporation, under the scope of the privacy policy, are designated by the audition committee.
The committee in charge of supervision reports the annual and periodical financial charts which are disseminated to the public, together with its opinions, in consideration with the accounting policies of the Corporation, opinions of the executives of the Corporation and independent auditors concerning its authenticity and appropriateness, in written form.
If needed, the committee in charge of supervision may benefit from the opinions of the independent experts concerning its operations. The financial costs of the consultancy services which the committee in charge of supervision needs, are covered by the Corporation.
The committee in charge of supervision holds meetings at least three or four times a year, at least once in every three months, records the results and submits it to the board of management. The committee in charge of supervision immediately reports its conclusions and suggestions concerning their field of responsibility and duty, to the board of management, in written form.
DUTIES AND WORKING PRINCIPLES OF THE COMMITTEE FOR EARLY RISK DETECTION
Purpose
The committee for early risk detection has been created with the purpose of making suggestions to board of management concerning the early detection of the risk which may jeopardize the existence, development and continuity of the Corporation.
Members
Members of the committee for early risk detection are chosen amongst the non-executive members of the Management Board. Also, experts can be charged within the committee. President of the committee is chosen amongst the members of the board of management. Executive Chief / General Director cannot be assigned any tasks in the committee. Current members of the committee for early risk detection:
Ziya Mehmet ÜNAL/President
Can ÖZDEMİR/Member
Sebahattin Levent DEMIRER/Member
Duties and Authorities
Conducts works with the purpose detecting the risk which may jeopardize the existence, development and continuity of the Corporation, early on, taking the necessary measures for the detected risk and managing the risk.
Reviews the risk management system at least once a year.
The committee is evaluated with the report it gives to the management board, once every to months, if any, points out the threats and their appropriate solutions.
The report is also sent to the independent audit of the Corporation.