Kordsa realizes its operations in conformity with the Corporate Governance Principles published by the Capital Markets Board, and the corporate governance principles of transparency, fairness, responsibility and accountability. The Corporate Governance Principles Compliance Report is therefore included in our annual report along with our company’s policies on human resources, dividend distribution, donations and aid, along with details on covering our ethics and responsibility approach.
Having complied with all compulsory and optional regulations in the Corporate Governance Principles in all twelve months of year, as Kordsa we publish these issues in detail on the websites www.kap.gov.tr and www.kordsa.com for the information of shareholders and beneficiaries.
Our Board of Directors is responsible for ensuring that Kordsa’s operations comply with the legislation, the articles of association, internal regulations and identified policies, as well as for protecting the long-term interest of our company by way of the strategic decisions it takes.
Our annual report includes details on the structure of the Board, its working principles, members’ positions, internal and external commitments, responsibilities and the terms of office. Committees that are composed of Board Members are the Audit Committee, Corporate Governance Committee and Early Risk Identification Committee.
Our Board of Directors consists of six members in total where one of them is female and two of them are indepenedant members. One independent member is the chair of Early Risk Identification Committee and member of Corporate Governance and Audit Committees. The second independent member is the chair of both Corporate Governance and Audit Committees and member of Early Risk Identification Committee. All members except independent members hold executive functions.