Page 22 - BKT Annual Report 2023 EN

22 BANKA KOMBËTARE TREGTARE

CORPORATE

GOVERNANCE

CORPORATE GOVERNANCE STATEMENT
BKT recognizes the critical importance of strong corporate governance practices in fostering trust, integrity,
and accountability within the company. Our commitment to upholding the highest standards of corporate
governance is fundamental to our operations and integral to our long-term success and imbedded in the core
internal regulatory framework like the BKT Code of Business Ethics, BKT Committees functions and organization,
Compliance, Audit and Risk Management Policies.

COMPLIANCE AND ETHICS
BKT adheres to a strict code of conduct and ethics that governs the behavior of all employees, managers,
executives, and stakeholders. The Compliance function monitors compliance with applicable laws, regulations,
and internal policies, promoting a culture of integrity, transparency, and accountability throughout the company.
We are committed to conducting business ethically and responsibly, with a focus on building trust and maintaining
the confidence of our customers, shareholder, and regulatory requirements.

SHAREHOLDER ENGAGEMENT
We value the input and feedback of our shareholder and stakeholders and actively engage with them to
understand their concerns, perspectives, and expectations. We maintain open channels of communication and
we are committed to fostering constructive dialogue and transparency in our interactions with shareholders,
recognizing their role as essential partners in our success.

TRANSPARENCY AND DISCLOSURE
We are committed to providing transparent and timely disclosure of financial and non-financial information to our
stakeholders. Our annual reports and corporate communications are prepared in accordance with applicable
regulations and industry standards. We strive to provide clear, accurate, and comprehensive information that
enables stakeholders to make informed decisions about their involvement with BKT.

CONFLICT OF INTEREST
Throughout BKT the risk of Conflict of Interest is strictly monitored and managed. In order to mitigate such
risk within the company, a detailed internal regulatory framework was implemented along with monitoring
processes, controls, assessment procedures and mandatory legal documents provisions. Any instance / event
where Conflict of interest risk is identified is escalated to the appropriate decision-making body or directly to
the Board of Directors.

In conclusion, BKT remains steadfast in its commitment to maintaining strong corporate governance practices
that uphold the highest standards of integrity, transparency, and accountability. We believe that effective
governance is essential for building trust, enhancing shareholder value, and sustaining long-term success in
the banking industry.