Remuneration Policy

Remuneration Policy of Board Members and Senior Executives

AIM

In accordance with the Communiqué on the Determination and Implementation of Corporate Governance Principles, Series: IV, No: 56, published in the Official Gazette dated 30.12.2011 and numbered 28158 by the Capital Markets Board (CMB), the company establishes a compensation policy that covers the principles for determining the salaries of its board members and senior executives.

 

COMPENSATION PRINCIPLES FOR BOARD MEMBERS AND SENIOR EXECUTIVES

  1. The decision regarding the payment of remuneration to the company’s board members and auditors, in accordance with Articles 12 and 15 of the company’s Articles of Association, is at the discretion of the General Assembly.
  2. Proposals regarding the remuneration amounts to be paid to each member of the company’s Board of Directors and senior employees will be determined by the Corporate Governance Committee and submitted to the Board of Directors. The Board of Directors will present these proposals to the shareholders at the General Assembly Meeting.
  3. When determining remuneration proposals, the Corporate Governance Committee will determine them in direct proportion to the performance demonstrated by the company’s board members and senior employees.
  4. When determining the remuneration to be paid to the board members and senior executives, the company’s internal balance, strategic goals, and ethical values ​​are taken into consideration, and it is ensured that the determined remunerations are in line with these criteria.
  5. The remuneration to be paid to the board members and senior executives is not linked to the company’s short-term performance, such as profit or income. On the contrary, it is determined by taking into account the company’s long-term goals.
  6. The Corporate Governance Committee, determined by the company’s Board of Directors, monitors and supervises the remuneration policies. The Corporate Governance Committee evaluates the compensation policy and practices within the framework of risk management and submits its recommendations to the Board of Directors in an annual report.
  7. Stock options and performance-based payment plans cannot be used in the compensation of independent board members.
  8. The compensation of independent board members shall be at a level that protects their independence.
  9. The Company may not lend money to, provide credit to, extend the term of, or improve the terms of any loans or credits given to any board member or senior executives, provide credit under the name of personal loans through a third party, or provide guarantees such as sureties in their favor.
  10. Information regarding the fees paid to board members and senior executives and all other benefits provided shall be disclosed to the public through the Company’s annual activity report.