Corporate Governance Principles Compliance Report
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Related Funds
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Company Compliance Status
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Explanation
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Yes
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Partial
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No
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Exempted
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Not Applicable
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X
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X
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X
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X
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There was no notification made regarding such a transaction.
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X
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X
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The agenda of the General Shareholders' Meeting included a separate item for the total amount of the donations and contributions made in the year, details of the beneficiaries have not been specified.
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X
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X
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X
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X
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No cross ownerships exist that are associated with a controlling relationship within our Company.
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X
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X
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Minority rights are not vested by the Articles of Association in shareholders holding less than one twentieth of the capital and rights are vested within the general framework of the regulations
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X
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X
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X
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Dividend was paid
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X
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X
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X
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X
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X
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X
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X
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X
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X
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Policies that adress stakeholders' rights are published on the company's website, procedures are published via the internal disclosure platform Mavi İletisim.
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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X
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Although there is the possibility to present an opinion in such a case, there has not been any notification made by the BoD members who could not attend the meetings.
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X
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X
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X
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X
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While Board members are required to pay sufficient time to the Company’s affairs, there is no restriction on their duties outside of the Company. Considering the significant contribution Board members make to Mavi’s Board of Directors with their professional and sector specific experience, imposing restrictions on their external duties is not deemed necessary. Prior to each General Assembly, the curricula vitae of the Board members and their duties external to the Company are submitted for the attention of shareholders.
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X
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Mavi has determined the number of its independent Board members at three. In so doing, the Company considered various factors such as the volume of its operations and its administrative needs. Currently, the Board has three committees. In respect of the principles requiring committee chairs to be independent members and all members of the Audit Commitee being independent, it is necessary to delegate multiple committee roles to the independent members. This does not give rise to any conflict of interest within the Company.
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X
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In accordance with the working principles of the committees, the committees may make use of the opinions of the independent experts. During the past year, no such request was brought up by the committees.
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X
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There has not been any external consultancy services used.
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X
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X
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No specific study was conducted at board level regarding performance evaluation.
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|||||
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X
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X
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The General Assembly determines remuneration rates payable to members of Mavi’s Board of Directors. In line with general practice, total amount of remunerations of Board members and senior executives are disclosed to the public in the Company’s financial table footnotes.
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