Committees

Audit Committee

Audit Committee

Committee Member

Serdar Tunçbilek

Committee Member

Şahap Kavcıoğlu


Audit Committee’s Activities;

  • Overseeing the effectiveness and adequacy of the internal control, risk management and internal audit 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 companies subject to consolidated audit,
  • Receiving regular reports from the departments working in charge of internal audit, internal control and risk management systems and independent audit companies regarding their operations.

Credit Committee

Credit Committee

CEO

Abdi Serdar Üstünsalih

Committee Member

Şahap Kavcıoğlu

Committee Member

Serdar Tunçbilek

Substitute Committee Member

Dilek Yüksel

Substitute Committee Member

Cemil Ragıp Ertem


Credit Committee’s Activities

  • Performing the tasks stipulated in the Banking Law in accordance with the principles set forth by the Board of Directors,
  • Consulting for the written recommendation of the Head Office in lending decisions, and providing the financial analysis and intelligence reports regarding for loans that require the procurement of account status documentation,
  • Providing any type of information that may be requested by any of the members of the Board of Directors regarding the Committee's activities and cooperating in the performance of any checks and controls since the Committee's activities are monitored by the Board of Directors.

Corporate Governance Committee

Corporate Governance Committee

Head of the Committee

Şahap Kavcıoğlu

Committee Member

Sadık Yakut

Committee Member

Ali Tahan


Corporate Governance Committee’s Activities

  • Overseeing the compliance with the Corporate Governance Principles within the Bank and determining the reasons in case of non-compliance as well as the negative impacts resulting from inadequate implementation of these principles and recommending corrective actions to be taken in respect thereof,
  • Developing methods that will provide transparency in the determination of the candidates to be recommended as members to the Board of Directors,
  • Monitoring the number of executives in senior management positions and developing recommendations,
  • Developing 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,
  • Advising to the Board of Directors regarding the persons to be appointed to the Bank's senior management positions consisting of Executive Vice Presidents and equivalents,
  • Investigating the independence of the Board members and revealing any conflicts of interest,
  • Providing assessments and recommendations related to the structure and operating principles of the committees reporting to the Board of Directors.

Remuneration Committee

Remuneration Committee

Head of the Committee

Şahin Uğur

Committee Member

Dr. Adnan Ertem

Committee Member

Dilek Yüksel

With the Board of Directors decision numbered 82893 and dated January 26, 2012, the VakıfBank Remuneration Committee was established in line with Article 6 of the Corporate Governance Principles that was amended with the "Regulation on Making Amendment to the Regulation Regarding the Corporate Governance Principles of Banks" that was published in the Official Gazette No. 27959 dated June 9, 2011.

Remuneration Committee’ Activities

  • Evaluates remuneration policies and practices in the context of risk management, and reports its recommendations to the Board of Directors annually.
  • Develops its recommendations regarding the remuneration of the members of the Board of Directors and senior executives by taking into consideration the Bank's long-term objectives.
  • The Committee identifies remuneration criteria depending on performance of both the Bank and the Board Members.
  • Considering the degree of realization of the criteria, the Committee submits its remuneration proposals regarding Board Members and senior executives to the Board of Directors.