Audit Committee

The Audit Committee was set up to assist the Board of Directors in the performance of its audit and supervision functions. The committee is responsible for:

  • Monitoring the effectiveness and adequacy of Garanti Bank’s internal control, risk management and internal audit systems, and overseeing the operation of these systems and accounting and reporting systems in accordance with applicable regulations, and the integrity of resulting information,
  • Conducting necessary preliminary evaluations for the selection of independent audit firms with appraisal and support services firms, and regularly monitor the activities of these firms,
  • Ensuring that the internal audit functions of consolidated entities are performed in a consolidated and coordinated manner,
  • Developing audit and control process in order to ensure ICAAP adequacy and accuracy,
  • 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.

Meeting Frequency: The Committee meets at least 4 times a year. Extraordinary meetings may also be held upon the invitation of one of the committee members.
Number of Meetings in 2019: 5

 

Committee Members 

Member Title Committee Role
Ricardo Gomez Barredo Board Independent Member Member
Sema Yurdum  Board Independent Member President
Jorge Saenz Azcunaga Carranza Vice Chairman Member