Local Benefits Committee

The Local Benefits Commitee aims to manage the employee benefits model centrally with the participation of HR, Risk and Finance areas.

The Committee’s responsibilities are:

• Ensuring that decisions regarding fringe benefits are made centrally, with the concurrence of all representatives and in line with the Bank’s business goals;
• Reporting the local committee’s decisions to the global committee,
• Benchmarking against the market before a new fringe benefit proposal is approved and reviewing the same from the perspective of Finance , Risk and Compliance,
• Controlling the production of consolidated accounting reports of fringe benefits,
• Aligning the investment policy of Garanti Bank Retirement Fund with BBVA’s standards,
• 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 once a year.
Number of Meetings in 2019: 2
 

Committee Members