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KURUMSAL YÖNETİM
CORPO ATE GOVERNANCE
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Committees
Audit Committee
Serdar Tunçbilek and Halim Kanatcı were elected to the Audit Committee that was established to assist VakıfBank
Board of Directors in executing its auditing and oversight functions.
The Audit Committee has assumed the following duties and functions:
• Monitoring the effectiveness and adequacy of the internal control systems of the Bank; functioning of these
systems as well as the accounting and reporting systems in accordance with applicable laws and regulations; and
maintaining the integrity of the information generated by these systems on behalf of the Board of Directors,
• Performing the preliminary assessments required for the selection of the independent audit firms by the Board of
Directors,
• Monitoring the activities of the independent audit firms selected by the Board of Directors on a regular basis,
• Ensuring the consolidated functioning and coordination of the internal audit functions of the institutions subject to
consolidated audit,
• Preparing reports on the functioning of the internal audit, internal control and risk management system for the
annual report.
Credit Committee
VakıfBank’s Credit Committee consists of two full members and two alternate members. The full members are Halim
Kanatcı and Ramazan Gündüz; alternate members are Adnan Ertem and Serdar Tunçbilek.
The functions of the Credit Committee are as follows:
• Performing the tasks stipulated in the Banking Law in accordance with the principles set by the Board of Directors,
• Soliciting the written recommendation of the Head Office in lending decisions, and providing the financial analysis and
news and intelligence reports about those applying for loans with respect to recommendations for loans that require
the procurement of account status document,
• Providing any type of information that may be requested by any of the members of the Board of Directors about the
Committee’s activities and cooperating in the performance of any checks and controls since the Committee’s activities
are audited by the Board of Directors,
• Recording the Committee’s decisions on a daily basis and obtaining signatures of the Committee members.
Corporate Governance and Nominating Committee
The Corporate Governance and Nominating Committee is responsible for overseeing the Bank’s compliance with
corporate governance principles. The Committee consists of two members of the Board of Directors: İsmail Alptekin
and Selahattin Toraman.
The functions and duties assumed by the Committee are as follows:
• Monitoring the degree of compliance with the corporate governance principles within the Bank and determining the
reasons in case of noncompliance as well as determining the negative impacts resulting from incomplete adherence to
these principles and recommending corrective actions to be taken in respect thereof,
• Formulating methods that will provide transparency in the identification of the candidates for the Board of Directors to
be recommended to the Board of Directors,
• Undertaking research and developing recommendations about the number of executives in senior management
positions,
• Formulating recommendations and monitoring the implementations related to the principles and practices for
performance evaluation and compensation of the members of the Board of Directors and the executives,
• Providing recommendations to the Board of Directors pertaining to the persons to be appointed to the Bank’s senior
management positions consisting of Executive Vice Presidents and equivalents,