2020 Corporate Governance Compliance Report
Related Companies
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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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Regarding the shareholders' right to request a special audit, the Turkish Commercial Code, Capital Market Law and other relevant legal regulations are followed. There were no special audit requests submitted to the company in 2020.
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X
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X
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There are no privileged shares in the company's partnership structure.
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X
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X
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Agenda of the General Assembly all donations and grants are included in one item, collectively.
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X
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The company's general assembly is held at the company headquarters and simultaneously on an electronic platform. Only shareholders and company employees can attend the general assembly. As no request has been received from stakeholders and media until now, there has been no need for the general assembly to be open to the public, including stakeholders and the media. In case of demand, it will be evaluated in the future.
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X
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X
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X
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There is no mutual subsidiary relationship in the capital of our company.
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X
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X
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Minority rights are not determined lower than one twentieth of the capital by the articles of association. According to Article 36 of our Articles of Association, in the absence of a provision in the articles of association regarding minority rights, the provisions of the Turkish Commercial Code and the Capital Markets Law are applied.
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X
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X
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X
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Dividend not distributed.
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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 is no real person shareholder in the partnership structure of the company with more than 5% of the issued capital.
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X
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Although most of the Turkish content on the website is also published in English, a limited number of documents are available only in Turkish. We continue our efforts to share the information on the website in English with exactly the same content as Turkish.
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X
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X
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X
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X
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Some of the policies and procedures regarding stakeholders' rights are published on the company's website.
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X
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X
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X
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Although there are no provisions in the articles of association, the participation of employees in management is supported by in-house practices. Employees provide feedback to the management and colleagues through periodic meetings, annual goal setting and performance evaluation meetings; the results are discussed in various management meetings and action plans are created for the necessary changes. With these approaches, the necessary participation and contribution of the employees are provided for the effective management of the company. No changes are planned in the current structure.
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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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There is no a company policy determining a target rate and a target time for membership of women in the board of directors. The issue is on the agenda of the management, and evaluations are still ongoing to form a policy aiming to represent women in the board of directors.
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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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The external duties conducted by the members of the board of directors and the grounds thereof are submitted for the shareholders’ information, by distinguishing either such corporation is intragroup or out of the group, together with the agenda item regarding election, at the general assembly meeting. The external commitments of board members are publicly disclosed in the PDP and annual reports. Members of the board of directors can allocate a reasonable time for the business of the corporation and they don't hinder their duties. Due to the positive contribution of our board members' business and sectoral experiences, there is no need to limit their external duties.
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X
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Due to the limited number of members of the board of directors and the business expertise required for committee membership, our independent board members have duties in more than one committee. Committee members can devote sufficient time to the duties and work of the committees. No changes are planned within the framework of this principle, as the existing structure ensures communication between committees and increases the opportunities for cooperation.
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X
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X
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Our committees did not receive consultancy services.
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X
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X
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The board of directors announces its assessment of whether the company has ahieved its targets on operational and financial performance disclosed to the public or not, and if not achieved, reasoning thereof in the annual report. There is no specific study conducted or planned for the future to evaluate the performance of the board of directors itself.
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X
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X
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Remunerations determined at the general meeting for members of the board of directors are disclosed in the annual report. Financial rights of executives are considered as trade secrets in terms of competitiveness. In this context, benefits (salaries, bonuses etc.) provided to executives are shared in the annual report not on an individual basis but in total. No change is foreseen in this regard.
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