POLICIES
INFORMATION POLICY
Our company announces significant events and developments that may affect the value of capital market instruments issued by the company or investors’ decisions, as soon as they are learned, through material event disclosures in accordance with the principles of equality, accuracy, impartiality, consistency, and timely disclosure. Announcements do not include information that could harm the company’s competitiveness, shareholders, or stakeholders, and trade secrets are strictly protected.
Information submitted to the Public Disclosure Platform (PDP) is simultaneously published on the company’s website. Confidentiality of material information until public disclosure is ensured through agreements with those who have access to insider information.
Financial reports prepared in accordance with International Financial Reporting Standards (IFRS), Capital Markets Legislation, and CMB Corporate Governance Principles, and reviewed by independent auditors every six and twelve months, are published on the PDP with the approval of the Board of Directors and concurrently on the company website.
In line with Corporate Governance Principles, our information policy also covers the coordination of shareholder and investor information requests, the exercise of shareholders’ rights, and the flow of information, including General Assembly regulations and website disclosures.
The Chairman and members of the Board of Directors, Deputy General Manager, or Investor Relations Unit may communicate with the public, including the press, and hold meetings with shareholders, investors, analysts, and stakeholders while adhering to the principle of equality in invitations. Presentations and reports shared during these meetings are published on the company website. Media inquiries are handled in accordance with this information policy.
The Investor Relations Unit monitors news and rumors about the company published in media or public sources. Material event disclosures are made for any information considered significant enough to affect investment decisions, except for technical analyses or comments based on the company’s announcements.
All shareholder inquiries are answered promptly, in writing or verbally, under the scope of the Capital Markets Law and without disclosing trade secrets, following the principle of equality. Responses are also published in the FAQ section of the company website.
The Board of Directors is responsible for the implementation and continuous improvement of this information policy.
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DIVIDEND POLICY
Our company’s dividend policy aims to distribute dividends annually at a satisfactory level, either in cash, as bonus shares, or using both methods, always within the legal timeframe. However, this policy is reviewed annually by the Board of Directors in consideration of the company’s continuity, profitability, planned investment projects, availability of funds, and sectoral, national, and global economic conditions.
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DONATION AND AID POLICY
Within the framework of social and corporate responsibility, donations, aid, and sponsorships may be made for humanitarian, cultural, educational, artistic, health, and similar purposes, in compliance with applicable legislation. Activities are organized based on corporate social responsibility and societal impact criteria, both in areas where our factories, stores, and dealerships are located and for the general public.
In particular, in-kind donations are provided to social aid organizations that aim to improve the quality of life and education of children, one of the nation’s most valuable assets (e.g., Social Services and Child Protection Agency, Çağdaş Yaşamı Destekleme Derneği, TOÇEV, Turkish Red Crescent). All donations are presented in detail to shareholders at the Annual General Meeting of the respective year.
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REMUNERATION POLICY
The Remuneration Committee, or in its absence the Corporate Governance Committee, prepares proposals for the remuneration of Board members and senior executives and submits them for approval by the Board of Directors. The remuneration of senior executives is determined by the decision of the Board of Directors, while the remuneration of Board members is approved by the General Assembly.
The remuneration for independent Board members is set at a level that preserves their independence. In accordance with Corporate Governance Principles, stock options or performance-based payment plans are not used.
Remuneration is determined by considering short- and long-term domestic and international economic conditions, the sector and subsidiaries in which the company operates, number of employees, domestic and international competition, production, service and sales activities, the required knowledge, skills, competencies, and experience to sustain these activities, as well as the responsibilities assumed in decision-making and implementation processes.
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