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İŞBANK
ANNUAL REPORT
2010
Corporate Governance Principles Compliance Report
By the end of 2010, 135 files were evaluated under the authority of the Board.
The members of the Credit Committee of January-December 2010 are Chairman of the Committee and Chief Executive Officer, H. Ersin Özince, Deputy
Chairman of the Board of Directors, H. Fevzi Onat and Board Member, Füsun Tümsavaş. Deputy members of the Credit Committee are Board members
Tülin Aykın and Hasan Koçhan.
Committee Members
Duty
Primary Duty
H. Ersin Özince
Chairman of the Committee
Chief Executive Officer and Board Member
H. Fevzi Onat
Member
Deputy Chairman of the Board
Füsun Tümsavaş
Member
Board Member
2010 deputy members: Tülin Aykın – Hasan Koçhan
Credit Revision Committee
Being one of the committees of the Board of Directors, the Credit Revision Committee was founded as per the article of Revision of Limits within the
context of Credit Risk Policy, which came into effect by the resolution of the Board of Directors dated 30.09.2003 and nr 30249, within the framework of
the principle of reviewing the loan portfolio, evaluating the relations with credit customers at the end of the year and revising, when necessary, the credit
limits allocated to the said persons and corporations.
Within this framework, as per the resolution of the Board dated 31.12.2009 and nr 36077, the Credit Revision Committee; consisting of Deputy Chairman
of the Board, H. Fevzi Onat and Board Members Tülin Aykın, Füsun Tümsavaş and Hasan Koçhan; individually reviewed 393 individual or group firms
whose general limits/risk ceilings are above a specific amount individually and are monitored by Corporate and Commercial Loans Underwriting
Divisions. The firms/risk groups of which the risk perceptions are respectively lower were evaluated on an overall basis. Furthermore, 21 correspondent
banks of which the general limits are above a specified amount were evaluated and the Committee completed its evaluations as of 24.03.2010.
As per the resolution of the Board of Directors dated 31.12.2010 and nr 37089, the current Credit Revision Committee, consisting of Deputy Chairman of
the Board, H. Fevzi Onat and Board members Tülin Aykın, Füsun Tümsavaş and Hasan Koçhan, has started its examinations for the year 2011.
Corporate Social Responsibility Committee
The Corporate Social Responsibility Committee was established as per the Regulation on Social Responsibility Practice, which was adopted with the
resolution of the Board, and its members are Board Members İsmet Atalay and Tülin Aykın, Deputy Chief Executives Özcan Türkakın and Hülya Altay and
Head of the Corporate Communications Division Suat E. Sözen. The Committee operates in accordance with the Regulation principles, by considering the
basic fields of contribution, which are determined as education, culture and art, health, protection of the environment and other activities.
In 2010, Corporate Social Responsibility Committee held 11 meetings and adopted 37 resolutions.
Risk Committee
Risk Committee is responsible for formulating the risk management strategies and policies İşbank will adhere to both on a consolidated and
unconsolidated basis, presenting them to the İşbank Board of Directors for approval, and monitoring compliance with them. Committee is the common
communication platform with the Bank’s executive divisions in terms of assessing the risk the Bank is exposed, making suggestions about the
precautions to be taken and methods to be followed. The Committee’s principal duties are the following:
• Prepare the risk strategies and policies, and present to the Board for approval,
• Adjudicate by negotiating the issues addressed by Risk Management Division,
• Recommend to the Board the level of risk limits for exposures, monitor the breach of limits and recommend to the Board regarding elimination of
those breaches,
• Recommend to the Board changes in risk policies if diverse circumstances require,
• Monitor risk identification, definition, measurement, assessment, and management processes carried out by Risk Management Division,
• Monitor accuracy and reliability concerning the risk measurement methodologies and their results.