79
Corporate Governance
Risk Management
Besides banking activities, both financial and non-financial risks encompassing the whole group required to be analyzed, monitored and
reported from the standpoint of group risk management in addition to that of banking-specific risk management principles. This aspect of
risk management, beyond regulatory requirements has become an industry standard for corporate governance.
The risk management process, organized within the framework of advanced risk management methodologies and favors a common risk
management culture throughout the establishment, is structured to emphasize good corporate governance, assuring independency of
units responsible for monitoring and controlling risk from executive functions, so that risk definition, measurement, analysis, monitoring,
reporting, and control functions are carried out within the same framework.
The process of risk management and the functions involved in that process are among the highest priority responsibilities of the İşbank
Board of Directors. The Risk Management Division, which acts through the Risk Committee and forms a functional constituent of the risk
management function in collaboration with the Bank Credit Committee and the Asset & Liability Management Committee, carries out the
works towards the legal and internal capital adequacy in accordance with the Basel framework and consistent with international best
practices, in addition to working towards developing and validating risk measurement methodologies and optimizing the capital adequacy
management process.
Prof. Dr. Turkay Berksoy
Member of the Board and the Audit Committee
Füsun Tümsavaş
Vice Chairman of the Board and
Chairman of the Audit Committee
