Board of Directors Policy

To establish the Company’s vision, approve local and international business strategies, set short and long term goals.

To approve the Company’a annual budget, business plans and amendments of these plans.

To regularly audit the strategic and financial performance of the Company and to ensure that corrective measures taken when it is necessary.

To control and approve significant expenditures that are not included in the Company’s annual activity plan.

In accordance with the legislation, to approve the quarterly financial results, auditor's reports and changes in the Company's accounting principles and significant changes in the method and timing of financial reporting.

To supervise the preparation of the Company's annual report and to approve the final version of the report that are submitted to the General Assembly.

To ensure that the Company’s important decisions and strategic steps which are in compliance with the legislation and to carry out risk management.

To ensure the sustainability of the Company’s operations and the creation of long-term value for its shareholders.

To ensure that the General Assembly processes are carried out transparently and in compliance with the legislation

To manage and represent the company by keeping the risk, growth and return balance of the company at the most appropriate level with the strategic decisions it will take, and by considering primarily the long-term interests of the company with a rational and prudent risk management approach.

To give instructions regarding the management of the Company at the senior level.

To establish the necessary organization for accounting, financial auditing and financial planning to the extent required by the management of the company.

To appoint and dismiss managers and persons with the same function, except for branch managers.

To supervise whether the persons in charge of management act in compliance with the laws, articles of association, internal directives and written instructions of the board of directors.

To keep the share, board of directors' resolution and general assembly meeting and negotiation books, to prepare and submit the annual report and corporate governance statement to the general assembly, to prepare the general assembly meetings and to execute the resolutions of the general assembly.

To notify the court in case of insolvency.