Page 23 - Annual Report 2023

ANNUAL REPORT 2023 23

GOVERNING BODIES

BOARD OF DIRECTORS
The Board of Directors is responsible for decision-making and supervision of BKT and also Members of the Board of Directors
regularly reviews and assesses the governance structures to ensure they are consistent, Mehmet Usta, Chairman
both in form and in substance, with requirements and best practices. It approves and
control the implementation of the policies and strategies of the bank in connection with Serdar Sümer, Vice Chairman
the business plan, risk management and annual budget, setting out long-term objectives Seyhan Pencabligil, Member/CEO
of the bank and monitoring their realization and effectiveness of management practices Galip Tözge, Member
in the bank. Board of Directors monitor and supervise implementation of legal and Mert Turgut Çalik, Member
regulatory requirements and of the best practices in banking system, etc.

AUDIT COMMITTEE
The Audit Committee supervises accounting procedures and internal control of the Members of Audit Committee
bank, including the procedures defined by the Bank of Albania, and supervises the
implementation of these procedures as well as audits the bank accounts and respective Mehmet Usta, Chairman
registrations. Considers internal audit reports and monitors the way conclusions from Serdar Sümer, Member
such reports are dealt with. Evaluates the financial situation of the bank based on the Hysen Çela, Member
report of the statutory auditor. Controls compliance of the activity of the bank with laws
and bylaws and notifies the Board of Directors of the bank about the conclusions. etc.

RISK COMMITTEE
The Risk Committee assist the Board of Directors on the implementation and oversight of Members of Risk Committee
an effective risk management framework, approval of primary risk procedures, review of Galip Tözge, Chairman
the analysis and reporting established by management and approval of current and future
risk appetite. The risk committee oversee and review, on a comprehensive approach, Serdar Sümer, Member
versus aspects of the risk management and review regularly the major risk exposure of Ndue Maluta, Member
the bank including but not limited to credit risk, market risk, operational risk, liquidity risk,
and legal risk. etc.

REMUNERATION COMMITTEE
The Committee holds functions to advise and make recommendations to the Board of Members of Remuneration
Directors in the matter of remuneration and incentives for executive and non- executive Committee
members of the Board of Directors, the CEO and Executives. Serdar Sümer, Chairman
Regulation no. 63 “On basic principles of management of banks and branches of foreign Galip Tözge, Member
banks and criteria for approval of their administrators” by establishing a remuneration
policy. Mert Turgut Çalik, Member
Provide its support and advice to the BoD on the design of the bank’s remuneration
policy;
Review periodically the remuneration policies and practices, in order to reflect the changes
in the financial situation of the bank and shall be responsible for their implementation.