As an important indicator of the governance structure, we designed our senior management structure in compliance with the Corporate Governance Principles. Our Board of Directors, which is the highest managing body that directs our strategies and policies, consists of nine members in total, including the Chairman, Deputy Chairman, General Manager, and six members, and three of them are independent members in accordance with the Corporate Governance Principles. Our Board of Directors consists of nonexecutive members, except General Manager and the duties of the General Manager and the Chairman of the Board of Directors are carried out by different people.
The committees that we have formed to carry out active operations for all corporate governance activities, continue their duties within the framework of the working principles specified in the Bank’s Articles of Incorporation. Our management committees which operate for the purpose of policy formulation, determination of strategy, monitoring compliance with action plans, and performance evaluation;
You can reach detailed information about our Committees on our corporate website: Committees (vakifbank.com.tr)
In addition to the above-mentioned committees, for the purposes of efforts aiming at the vision, mission of our Bank in accordance with the corporate governance approach and taking healthy and quick decisions, our Bank has Information Systems Strategy and Steering Committee, Demand Prioritization and Steering Subcommittee, Information Security Committee, Information Systems Continuity Committee, Emergency and Contingency Committees, Savings Committee, Capital Committee, New Product Development Committee, Market Risk Management Committee, Credit Risk Management Committee, Treasury Foreign Exchange Position and Stop Loss Limits Management Committee, Digital Transformation Committee, Suggestion Evaluation Committee, R&D Management Committee, R&D Executive Committee, Operational Risk Management Committee, Banking Improvement and Development Committee, Expense Management Evaluation Committees, TFRS 9 Senior Steering Committee, TFRS 9 Committee, Customer Demand Evaluation Committee, Crisis Communication Committee, Foreign Fraud Risk Committee, and in 2021, the Data Governance Committee and Information Sharing Committee as well as, in order to carry out our Bank’s sustainability activities effectively and efficiently in such a way as to add value to our corporate identity and to increase our Bank’s rating in international sustainability indices by representing it at the highest level in the field of sustainability, Sustainability Committees were established.
Our policy documents created within the framework of corporate governance;