COMPLIANCE WITH CORPORATE GOVERNANCE PRINCIPLES

TSKB seeks to achieve consistent and full compliance with the corporate governance principles published by the Capital Markets Board (CMB) in Turkey. The Bank believes the implementation of these principles to be extremely beneficial from the standpoints of both of the development of national and international capital markets and of the interests of the Bank and its stakeholders. TSKB is preparing this corporate governance principles compliance statement within the framework published by CMB while also taking into account international and sectoral tenets into account.

Corporate Governance Rating

In 2010 TSKB again had the highest corporate governance rating in its sector.
TSKB’s second corporate governance rating report was published in October 2010. In that report, the Bank’s corporate governance rating was given as 8.92, higher than the previous 8.77 rating given in 2009.

As a result of the evaluation made by the Turkish Corporate Governance Association, TSKB ranked second in the “Organizations with the highest corporate governance rating” category with a score of 89.15.

Category

Weighting (%)

2009

2010

Shareholders

25

8.55

8.77

Public disclosure & transparency

35

9.31

9.36

Stakeholders

15

9.57

9.57

Board of directors

25

7.76

8.05

Total

100

8.77

8.92

Recognitions for successful corporate governance practices
TSKB’s successful compliance with corporate governance practices was recognized on 13 January 2011 at the 4th Corporate Governance Summit conducted by the Corporate Governance Association of Turkey. As a result of an evaluation made on the basis of a methodology taking into account the ratings of organizations included in the ISE Corporate Governance Index, TSKB ranked second in the “Organizations with the highest corporate governance rating” category with a score of 89.15.

“Relations with stakeholders” remains the category of corporate governance principles practices in which TSKB is cited as being the most successful.

In this section:

  • A sixty-one-year story
  • For Turkey’s sustainable development
  • TSKB’s integrated service strategy
  • TSKB’s principal business lines

In this section:

  • Creating value
  • Who did we share what with and how?
  • National and international recognitions
  • Speaking on behalf of management:  TSKB’s CEO assesses the Bank’s performance and presents its goals for the future

In this section:

  • The key to sustainable development: Sustainable banking
  • TSKB’s basic approach to sustainability: Continuously identify, implement, and improve upon correct strategies.

In this section:

  • The importance and value of stakeholders
  • Open, honest, and sincere communication
  • Global and national initiatives
  • What do our stakeholders say?

In this section:

  • Banking products and services that meet Turkey’s needs
  • One goal: A low-carbon economy
  • Managing environmental impact
  • Towards a smaller carbon footprint

In this section:

  • Corporate governance and full compliance with law
  • The highest corporate governance rating in the sector
  • Risks and policies
  • The importance of environmental risks
  • Ethical banking
  • Combating financial crime
  • Suppliers: TSKB’s indirect environmental impact

In this section:

  • Our most precious asset
  • A compensation policy that is competitive and market-sensitive.
  • Diversity and equal opportunity
  • Systematic approach to training
  • Zero-level workplace accidents
  • Commuting by sea

In this section:

  • Our approach to social responsibility
  • A 60-year symphony
  • Turning Winds
  • cevreciyiz.TV
  • Turkey’s richest-content environmental portal
  • The NGOs that we collaborate with

In this section:

  • About this report
  • Global Reporting Initiative cross index
  • Online sustainability
  • Imprint
  • Communication and service channels