Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way Garanti BBVA is directed, administered or controlled. Corporate governance also includes the relationships among the many stakeholders involved and the goals for which the corporation is governed.
Corporate Governance Rating Report
Our Bank has signed an agreement with JCR Eurasia Rating, which is an authorized rating agency operating under the license of the Capital Markets Board of Turkey (“CMB”) in accordance with the Corporate Governance Principles issued by the CMB, on 17.07.2018 for a period of two years. As a result of JCR Eurasia Rating’s assessment for 2018, our Bank’s Corporate Governance compliance score has been revised up to 9.60 from 9.51 (over 10) and the outlook has been maintained as Positive.
Internal System Governance
The Risk Committee
Formed by the members of the Board of Directors, is responsible for overseeing risk management pol icies and their implementation, including the alignment with its strategic objectives and management’s ability to assess and manage the various risks present in its activities, as well as capital adequacy and planning and liquidity adequacy.
Formed by the members of the Board of Directors, was set up to assist the Board of Directors in the performance of its audit and supervision functions. The Audit Committee receives information from the units set up under internal control, internal audit and compliance systems, as well as from the independent auditor...