Corporate Governance

The Corporate Governance Committee is responsible for checking whether or not the corporate governance principles are being implemented, if not understanding why and detecting the resulting conflicts of interest, advising the Board of Directors on ways to improve corporate governance applications, and overseeing the activities of the Investor Relations department. The committee is also responsible for internal nominations and wage determination. The committee convenes as frequently as required and keeps a written record of all activities.

The Audit Committee is responsible for assessing the activity and adequacy of the internal control, risk management and internal auditing systems, overseeing the flow of information between these systems and the accounting and reporting systems and their overall integrity, conducting assessments on independent auditing companies to be presented to the Board of Directors prior to choosing them, regularly overseeing the independent auditing companies chosen by the Board of Directors and approved by the general assembly. The Audit Committee convenes every three months, a total of four times annually.

An Ethics Committee has been established within our Company in order to protect and improve our Code of Conduct, to update it when necessary, and to examine warnings, complaints and denunciations that may arise in cases contrary to the principles and to make the necessary evaluations. The Ethics Committee is an advisory board that considers and comments on suggestions, complaints and denunciations, where issues that the employee cannot resolve/attempt to resolve with his/her manager or the Human Resources Department can be brought. The Ethics Committee, which reports to the Board of Directors, conducts the necessary investigations regarding the issues communicated; it checks whether the behaviour and/or situation complies with the principles specified in our Company’s Code of Conduct.

The Early Detection of Risk Committee is responsible for detecting risks that have the potential to jeopardize the company’s existence, development, and continuation, taking preemptive measures for such risks and managing these risks. The committee convenes as frequently as required and keeps a written record of all activities. They present their activities and findings to the Board of Directors.

We established our Sustainability Committee to better align company goals across departments, and the committee consists of board members, senior management, human resources manager, corporate communications manager, sustainability manager, and experienced environmental engineers. The Sustainability Committee convenes as often as necessary, but not less than three times a year. Risk analyses on sustainability and subjects on climate change are observed in the committee, where the action plan is decided upon in accordance with the needs of the company. Our activities, our value chain, and our solution partners’ expectations are also evaluated here. Furthermore, we also analyse industry reports, customer strategies, and the feedback of our stakeholders.

Working Groups:

• Sustainable Product Design and Development
• Sustainable Human Resources Management
• Environmental Sustainability
• Digitalization
• Care About Society
  
• Sustainable Supply Chain Management