Financial Information and Risk Management
314
İş Bankası
Annual Report 2013
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54
Government Representatives, Documents to be
Forwarded to the Ministry of Commerce
The Ministry of Commerce shall be informed at least
twenty days in advance, of the date when Ordinary or
Extraordinary General Assembly is to be held, and copies
of the agenda, together with documents relating thereto
shall be forwarded to the said Ministry. The presence of a
representative of a Ministry of Commerce is mandatory in all
the General Assemblies. Resolutions adopted at the General
Assembly in the absence of the said representative shall be
void.
Three copies each of the reports of the Board of Directors
and of the Auditors, of the balance sheet, of the minutes
of the General Assembly and of the list showing the names
and the amounts of shares of each shareholder present at
the meeting shall be forwarded, at the latest within a month
as of the last day of the said General Assembly, to the
Ministry of Commerce, or such documents shall be delivered
to the representatives of the government who shall be
present at the General Assembly.
Permissions and Notices
The provisions of Turkish Commercial Code, and Capital
Markets legislation and Banking legislation shall be
observed with respect to those permissions to be obtained
and the notices to be served as well as the procedures and
terms for the convention of general assembly meetings,
including the ones related to the amendments to the
Articles of Incorporation.
56
Proposals Regarding the Balance Sheet, Profit and Loss
Account, Annual Report, Distribution of Dividends
At the end of each accounting year, a balance sheet
showing the general financial situation of the Bank, and
a statement of account indicating the profit and loss
situation, shall be drawn up in accordance with the format
prescribed in the relevant legislation. The balance sheet,
the profit and loss account, the annual report and proposals
regarding the distribution of profits, as well as the Auditors’
report, shall be made available to the shareholders at the
Head Office and branch offices of the Bank at least fifteen
days in advance of the Ordinary General Assembly. Among
these documents, the balance sheet, the profit and loss
account and the annual report shall be kept at the disposal
of the shareholders for a period of one year as of the date of
the Meeting of the General Assembly. Any shareholder shall
be entitled to a copy of the profit and loss account and of
the balance sheet at the expense of the Bank. The fact that
these documents have been placed at the disposal of the
shareholders shall be published in the Gazette of Turkish
Commercial Register and in at least two other newspapers.
Within the scope of the provisions of the legislation, from
the date of the meeting of the General Assembly, the
balance sheet and the profit and loss account certified by
the auditors, accompanied by the report of the Board of
Directors and of Auditors, shall be delivered to the relevant
competent authorities and announced in the Official
Gazette and in a state wide published newspaper.
Financial statements, which are envisaged to be drawn up
by the Capital Market Board and in the case of being subject
to independent audit, the independent audit report shall
be sent to the Board under the procedures and principles
determined by the Board and announced to the public.
Proposals Regarding the Balance Sheet, Profit and Loss
Account, Annual Report, Distribution of Dividends
At the end of each accounting year, financial statements
showing the general financial situation of the Bank shall be
drawn up in accordance with the format prescribed in the
relevant legislation. The financial statements, consolidated
financial statements, Annual Report of the Board of
Directors, audit reports and the proposal of the Board of
Directors for the distribution of the dividend shall be made
available for the inspection of the shareholders at the
bank’s head office and branches not later than fifteen days
prior to the ordinary General Assembly meeting. Among
these items, the financial statements and consolidated
statements shall be kept accessible for inspection by the
shareholders at the Head Office and the branches for a
period of one year. Each shareholder may request a copy
of the income statement and balance sheet at the Bank’s
expense.
Amendments in the Articles of Incorporation in 2013
