Remuneration Committee

Remuneration Committee

Committee Officer: Ceyhun İvegener; Çağlar Alkaya, Meryem Ersan

Type of Committee: Main committee

Subcommittee Type: Legal / Approved by Board Members

Committee's Aim / Responsibilities:

The Remuneration Committee is responsible for:

• Conducting the oversight and supervision process required to ensure that the Bank’s remuneration policy and practices comply with applicable laws and regulations and risk management principles,
• Reviewing, at least once a year, the Bank’s remuneration policy in order to ensure compliance with applicable laws and regulations in Turkey, as well as with market practices, and updating the Policy, if necessary,
• Presenting, at least once a calendar year, a report including the findings and proposed action plans to the Board of Directors,
• Determining and approving salary packages for executive and non- executive members of the Board of Directors, the CEO and Executive Vice Presidents,
• Monitoring the policies, procedures, regulations and similar documents under its responsibility with respect to necessary updates, and taking action to keep them up-to-date.

Committee History: Established in January 2012.

Meeting Frequency: The Committee meets at least once a year.

Number of Meetings (2023): 7 meetings were held. (March, June, September, October, December).

Number of Meetings (2024):): 3 meetings were held, it will be planned according to the need. (January, February, March)

Committee Members