Financial Information and Risk
Management
309
İş Bankası
Annual Report 2013
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41
Duties of Auditors
The Auditors are empowered to examine and audit all the
accounts and operations of the Bank. They may examine
and audit, on the premises, all books, correspondence and
minutes. The Board of Directors shall be bound, at the close
of each semi-annual period, to draw up and make available
for the Auditors, statements reflecting the assets and
liabilities of the Bank.
The Auditors shall be required to submit to the General
Assembly a report containing their findings at the
conclusion of investigations carried out pursuant to the
provisions of these Articles of Incorporation, the Turkish
Commercial Code and the Banking Act, as well as their views
on the annual balance sheet, profit and loss account and
on the proposal of the Board of Directors regarding the
distribution of profits.
The Auditors shall be responsible for delivering or
forwarding to the relevant authorities one copy of each of
the reports which they shall prepare in accordance with the
relevant laws and the Articles of Incorporation within the
due time thereof.
Auditors may attend the meetings of the Board of Directors
provided that they do not take part in the casting of votes.
Any proposal which the auditors consider appropriate shall
be included on the agendas of both the Board of Directors
and the General Assembly.
In situations indicated by the Turkish Commercial Code, the
Auditors shall be responsible for convening the General
Assembly.
Duties of Auditors
Removed from the Articles of Incorporation
42
Remuneration of Auditors
The amount and the manner of payment of remunerations
of the Auditors shall be determined annually by the General
Assembly.
Remuneration of Auditors
Removed from the Articles of Incorporation.
43
Liability
The Auditors shall be held jointly and severally liable for any
failure in diligently carrying out the duties conferred upon
them under the law and these Articles of Incorporation.
Liability
Removed from the Articles of Incorporation.
44
Ordinary and Extraordinary General Assemblies
The shareholders of the Bank shall hold a General
Assembly at least once a year. The General Assemblies
held in accordance with the law and the provisions of
these Articles of Incorporation shall represent the entire
body of shareholders. Resolutions adopted at the General
Assemblies thus held shall be binding upon dissenting, as
well as, non-attending shareholders.
The General Assembly may be Ordinary or Extraordinary.
The Ordinary General Assembly shall be held at least once
a year, within three months as of the date of conclusion of
the accounting year. In the course of this meeting, matters
specified in Article 369 of the Turkish Commercial Code shall
be discussed and resolved upon. The Extraordinary General
Assembly of Shareholders shall be held in such cases and at
such times as may be required by the business of the Bank.
Ordinary and Extraordinary General Assemblies
The shareholders of the Bank shall hold a General
Assembly at least once a year. The General Assemblies
held in accordance with the law and the provisions of
these Articles of Incorporation shall represent the entire
body of shareholders. Resolutions adopted at the General
Assemblies thus held shall be binding upon dissenting, as
well as, non-attending shareholders.
The General Assembly may be Ordinary or Extraordinary.
The Ordinary General Assembly shall be held once a
year in any case within three months as of the date of
conclusion of the accounting year. In the course of this
meeting, matters specified in Article 409 of the Turkish
Commercial Code shall be discussed and resolved upon. The
Extraordinary General Assembly of Shareholders shall be
held in such cases and at such times as may be required by
the business of the Bank.
The provisions of the Capital Markets legislation and the
Banking legislation are reserved.
Amendments in the Articles of Incorporation in 2013
