Board of Management Committees

Within the Board of Directors, the Corporate Governance Committee, the Audit Committee, and the Early Detection of Risk Committee are active. The establishment of these committees was approved by the Board of Directors Resolution dated October 26, 2020, numbered 2020/27. The operating principles of all three committees are determined by internal regulations and are published on the company’s website and on the Public Disclosure Platform (KAP).

Due to the limited number of Board members, Board members may serve on more than one committee.

As stated in their operating principles, all committees convene at least four times a year and additionally as often as necessary to ensure the effectiveness of their work. The term of all committees runs parallel to the term of the Board of Directors.

During the period, the Board committees did not obtain consultancy services regarding their activities.

Audit Committee:

Members of the Audit Committee:

Mehmet Koca – Committee Chair (Independent Board Member)

Ömer Yüksel – Committee Member (Independent Board Member)

In accordance with the Corporate Governance Communiqué, one of our independent members has at least five years of experience in auditing, accounting, and/or finance.

The responsibilities of the Audit Committee, including independent external audit, internal audit, accounting system, financial reporting, and other duties outside these areas, are detailed in the committee’s operating principles. The Audit Committee continuously receives information regarding its statutory duties, occasionally meets with the Company’s Auditor, and convenes quarterly to review the Company’s quarterly performance and provide opinions and findings on the financial statements to be disclosed to the public, reporting them to the Board of Directors.

The committee promptly communicates its findings, evaluations, and recommendations in writing to the Board of Directors regarding its areas of responsibility.

Corporate Governance Committee:

Members of the Corporate Governance Committee:

Mehmet Koca – Committee Chair (Independent Board Member)

Mahmut Koçum – Committee Member (Board Member)

The Corporate Governance Committee also performs the duties of the Nomination Committee and the Remuneration Committee. The responsibilities of the Corporate Governance Committee within the scope of corporate governance, nomination, and remuneration are detailed in its operating principles.

The committee communicates its findings and recommendations in writing to the Board of Directors regarding its responsibilities.

Early Detection of Risk Committee:

Members of the Early Detection of Risk Committee:

Ömer Yüksel – Committee Chair (Independent Board Member)

Mahmut Koçum – Committee Member (Board Member)

The Early Detection of Risk Committee reviews the effectiveness of risk management and internal control systems at least once a year. Its other responsibilities are detailed in the operating principles. The committee communicates its findings and recommendations in writing to the Board of Directors regarding its areas of responsibility. Within this scope, the Early Detection of Risk Committee submits a total of six reports to the Board of Directors and the auditor during the year, providing updates every two months.