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PART II: MANAGEMENT AND CORPORATE GOVERNANCE PRACTICES
In the recruitment process carried out to meet
the need for personnel, candidates can start
working for the Bank as an assistant auditor or
an assistant financial analyst/associate or as an
officer. The personnel who will be working at
the Bank are chosen from among the candidates
who have a bachelor’s degree in banking from
a 4-year department of the universities. Special
attention is paid to make sure candidates have a
postgraduate degree and knowledge of foreign
language.
Considering the lack of permanent staff in
the Branches/Departments, and the need
for authorized employee in the existing/
future Branches/Departments employee, and
probable retirements, resignations and the like,
promotion exams are made in accordance with
the Bank Employee Directive’s relevant clauses
that regulate promoting.
The aim is to create a structure based on the
specialization of the staff members in line with
their competencies and thus to determine
their career steps by taking their performance
measurements and trainings into consideration.
Making evaluations with an organizational
approach that cultivates its managers/
executives, and monitoring the employee
members who have the competencies
necessary for the job, and making sure that
they are cultivated for executive positions.
To this end, efforts are made to increase the
corporate (employee) loyalty, and to create an
organization where activities are carried out
adopting the corporate culture.
The performance process is continuously
reviewed and improved as the performance
measurements of branches and regional
directorates are made; performances are
fairly and objectively evaluated; bonuses are
paid to staff members depending on their
performances.
Training programs inside and outside the Bank
are carried out to improve the competencies of
the staff and to ensure that the employees are
specialized in their jobs in line with their career
plans through the approach targeting continuous
learning, innovation and perfection.
Moreover, the Training Department provides
orientation trainings within the scope of special
programs for novice assistant auditors, assistant
financial analysts/associates and officers in
order to help them get adapted to the Bank and
in order to make sure that the corporate culture
is adopted.
Employees are informed about their job
descriptions and distribution as well as
performance and awarding principles.
The Bank’s staff works in accordance with
the provisions of private law, and is recruited
in conformity with the provisions of the
Labor Law no. 4857 currently in effect. Bank
employees are “Turkish Bank and Insurance
Company Employees Union” (BASS) members,
and thus working conditions of the employees
are determined with the collective bargaining
agreements between the Bank and the union.
Currently, CBA for the 22
nd
Period between
01.05.2015 and 30.04.2017 is in effect.
Relations between the employees and
employers are carried out by the directors and
representatives of the abovementioned unions.
The union representatives forward the requests
and complaints of the employees of the Bank
about working conditions, personal rights,
duties and responsibilities to the employers and
monitor the process. Furthermore, there are
union representatives, elected among the staff
working in the Bank’s Branches/Departments,
(i) who should monitor whether or not the
Collective Bargaining Agreement and the laws
in force about the union members are practiced
in line with their purposes and, (ii) who should
verbally or in writing inform the director of
that workplace about the insufficiency and
discrepancy they detected on these issues. To
date, there has not been any complaint from
the employees about any discrimination issues.
The names, surnames and duties of the directors
of the abovementioned unions are given below.
4.4 Ethical Rules and Social Responsibility
Pursuant to its objectives of protecting
stability and reliability in the banking sector
by preventing unfair competition, improving
service quality and maintaining the reputation
of the banking profession before the public,
the Bank, with Board of Directors’ resolution
numbered 74205, dated February 16,
2006,adopted the Bank’s Banking Ethical Rules,
issued by the Banks Association of Turkey
and has undertaken to comply with these
rules. This resolution was approved by the
General Assembly held on March 31, 2006.
Business Ethics in Banking (Code of Ethics) is
available in Turkish and English on the Bank’s
website. Assuring to comply with the Business
Ethics in Banking, VakıfBank has adopted the
principle of contributing to social life at the
maximum level. In line with the influence of the
“foundation heritage” in its roots and the image
of “Compassionate Bank”, the Bank carried out
important projects in the fields of sponsorship
and social responsibility also in 2015.
With the support it has uninterruptedly given
to volleyball for 29 years, VakıfBank continued
to be the main sponsor of VakıfBank Sports
Club. VakıfBank Sports Club again achieved new
successes in all championships playing in the
finals.
VakıfBank also made considerable progress in
the sport complex that is being constructed. The
structure, with 33,300 square meters of indoor
sports space in total, has been planned to open
in august 2016. Having made more than TL 40
million investment, VakıfBank will present the
sport complex to serve Turkish sports for at least
25 years.
Carrying its support for sports and education to
schools all across the country, VakıfBank has
provided a great number of schools with sports
equipment and stationery materials by its own
means and by means of the sports club and has
also sponsored and hosted numerous national
organizations.
Continuing to support arts also in this year,
VakıfBank gave many painters the opportunity
to exhibit their works in the galleries in Ankara
and İstanbul. Moreover, Turkish Folk Music and
Turkish Classical Music choruses formed within
the Bank continued their activities throughout
the year, while these activities and concerts
were supported by VakıfBank.
Name-Surname
Position
Turgut YILMAZ
President
Mustafa EREN
Secretary General
Salih KALFA
Secretary General-Finance
