Financial Information and Risk
Management
315
İş Bankası
Annual Report 2013
ARTICLE NR. PREVIOUS TEXT
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57
Quarterly Statement of Accounts
Quarterly statement of accounts which are drawn up
as of the end of March, June, September and December
and certified by the Auditors shall be forwarded to the
relevant competent authorities in a period indicated by the
competent Ministry.
Quarterly Statement of Accounts
Financial statements to be drawn up by the Corporation
shall be sent to related authorities in line with the applicable
legislation to which the Corporation is subject to.
65
Statistics
Statistical information related to the operations of each
year shall be kept in a book in accordance with a specimen
to be provided by the State Institute of Statistics, and shall
be forwarded to the Ministry of Commerce at the latter’s
request.
Statistics
Removed from the Articles of Incorporation
66
Pension Funds and Other Social Assistance and Welfare
Institutions
Upon the decision of the Board of Directors the Bank may,
under Article 468 and paragraph three of Article 469 of
the Turkish Commercial Code, set up pension funds and
other social assistance and welfare foundations or funds.
Eligibility and conditions for utilizing the privileges entailed
by such foundations or funds shall be determined by a set of
rules or regulations to be drawn up in this connection by the
Board of Directors of the Bank.
Pension Funds and Other Social Assistance and Welfare
Institutions
Upon the decision of the Board of Directors the Bank may,
under Articles 522 and 523 of Turkish Commercial Code, set
up pension funds and other social assistance and welfare
foundations or funds. Eligibility and conditions for utilizing
the privileges entailed by such foundations or funds shall be
determined by a set of rules or regulations to be drawn up in
this connection by the Board of Directors of the Bank.
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Notices
Notices relating to the Bank shall be published ten days
in advance in at least two newspapers, one in Ankara and
the other in İstanbul, provided that provisions of Article 37
of the Turkish Commercial Code and the legislation of the
Capital Market concerning the announcements are reserved.
Notices
Notices relating to the Bank shall be published in line with
the Article 35 of the Turkish Commercial Code, provisions of
the Banking Act and the Capital Market legislations.
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Donations
Donations may be made in line with the provisions of the
Banking Act and the Capital Markets Law.
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Compliance with Corporate Governance Principles
The Bank shall comply with Corporate Governance Principles
that are required by the Capital Markets Board. Any
transaction executed and any board resolution adopted by
eschewing the mandatory principles shall be null and void,
and considered a breach of the Articles of Incorporation.
For the purposes of the application of the Corporate
Governance Principles, the Corporation shall comply with
the corporate governance regulations imposed by the
Capital Markets Board in its material transactions and its
material related-party transactions.
The number and qualifications of the independent
members who shall be elected to the Board of Directors
shall be determined according to the corporate governance
regulations imposed by the Capital Markets Board.
(*)
Includes the amendments in the Articles of Incorporation made at Extraordinary General Meeting on 29 March 2013.
Amendments in the Articles of Incorporation in 2013
