As a key indicator of our governance structure, we have designed our senior management structure in compliance with Corporate Governance Principles. Our Board of Directors, the highest governing body that directs our strategy and policies, consists of nine members in total: a Chairman, a Deputy Chairman, a General Manager, and six members. In accordance with Corporate Governance Principles, three of these members are independent. Our Board of Directors consists of non-executive members, with the exception of the General Manager, and the roles of General Manager and Chairman of the Board are held by different individuals.

The committees we have established to actively work on all corporate governance-related activities carry out their duties within the framework of the working principles specified in the Bank’s Articles of Incorporation. Our management committees, which operate to create policies, determine strategies, monitor compliance with action plans, and evaluate performance on necessary issues, are:

• Board of Directors
• Credit Committee
• Audit Committee
• Corporate Governance Committee
• Remuneration Committee
• Asset & Liability Management Committee
• Ethical Principles and Ethics Commission
• Sustainability Committee

The detailed information on our Committees is available on our website here.

In addition to the above-mentioned committees, in order to work towards the vision and mission of our Bank in line with the corporate governance approach and to make sound and timely decisions, it has the following committees:

• Information Systems Strategy and Steering Committee
• Demand Prioritization and Steering Subcommittee,
• Information Security Committee,
• Information Systems Continuity Committee,
• Emergency and Contingency Committees,
• Savings Committee,
• Capital Committee,
• New Product Development Committee,
• Treasury Foreign Exchange Position and Stop-Loss Limits Management Committee,
• Digital Transformation Committee,
• Proposal Evaluation Committee,
• R&D and Innovation Management Committee,
• R&D Executive Committee,
• Banking Improvement and Development Committee,
• Expense Management Evaluation Committee,
• TFRS 9 High-Level Steering Committee,
• TFRS 9 Committee,
• Customer Request Evaluation Committee,
• Crisis Communication Committee,
• Foreign Fraud Risk Committee,
• Data Governance Committee,
• Risk Management Committee,
• Information Sharing Committee,
• Sustainability Subcommittee

Additionally, the Bank’s strategies are determined in meetings chaired by the General Manager with the participation of senior executives, in line with economic and industry expectations.

The Bank shares its economic and industry expectations with business units and gathers their expectations for annual projections and strategies. The data are reviewed and the Bank’s annual projections and strategies are prepared for presentation to senior management. The data presented to senior management are then evaluated. Subsequently, the final version of the Bank’s strategies and annual projection is prepared and submitted to the Board of Directors for approval by the Strategy and Planning Department.

The approved final projections and strategies are sent to the Bank’s senior management, announced across the Bank, and regularly monitored by the relevant units. During high-level meetings held by the Bank, these strategies and projections are reviewed, the degree of achievement of targets and industry developments are evaluated, and necessary actions are taken.

Our policy documents created within the framework of corporate governance;