Board Committees

It is a committee formed for the purpose of examining and evaluating the operational risks in our Bank and its subsidiaries and deciding on points to take necessary measures. The Chairman of the Committee is Deputy General Manager of Internal Systems. In the absence of the Chairman, the Deputy General Director of Operational Transactions and Information Technologies presides. The Operational Risk Committee meets at least every three months on the date and time which are determined by the Chairman of the Committee.

Duties, Authorities and Responsibilities of the Operational Risk Committee;

• Analyzing and evaluating the Bank’s operational risks on consolidated and unconsolidated basis; and deciding on points to take necessary measures.
• Giving suggestions to the end that the operational risk loss database for monitoring operational risks shall comply with national and international regulations as well as changes arising from non-regulatory developments.
• Identifying the unit executives in charge of implementation of the decisions taken at committee meeting intended for preventing operational risks arising out of the Bank and its subsidiaries.
• Assessing the risk appetite and risk limits for operational risks which are determined by the Board of Directors. The Committee evaluates the risk analysis reports prepared by the business units in order to explain the causes of the operational risks leading up excess risk; and ensures that the decisions regarding the prevention / transfer / acceptance of the risk are taken.
• To ensure the dissemination of the operational risk culture, the Bank makes recommendations (In-class training, E-learning, electronic announcements on ‘’Operational Risk Warning, ‘’Security Announcements’’ related to the risks that our bank may face etc.) in order to increase the awareness of the bank's personnel about operational risks.
• Establishing sub-working groups at committee chairman’s discretion with the intention of assessing operational risks more frequently if it is considered necessary.

Member

The Credit Committee performs credit-related duties with which it is charged by the Board of Directors. This committee consists of the general manager and of at least two board members who satisfy all the qualifications required of a general manager save for term of office. When a Credit Committee member is unable to attend a meeting, he or she will be replaced by an alternate member who will be selected from amongst the board members who satisfy all the qualifications required of a general manager save for term of office. The general manager is the head of the Credit Committee. In the general manager’s absence, one of the other associate committee members serves as the chairman. The chairman of the Credit Committee is responsible for the effective and sound coordination of the committee’s activities. The Credit Committee must convene at least once a week in a meeting attended by all of its members.

The Credit Committee’s duties are:

• Implementing lending policies approved by the Board of Directors concerning the dimensions of the Bank’s total placements portfolio and its distribution by sector, geographical region, and credit type;
• Making recommendations to the Board of Directors for the determination of principles and procedures relevant to the Bank’s credit policies and to its lending on a portfolio and private individual/corporate entity basis;
• Ensuring that the credit portfolio is managed within the framework of generally accepted risk management principles.
• The Credit Committee may delegate some of its duties and authorities, provided that the scope and limits of these powers are explicitly defined; but it may not delegate any authorities concerning any type of unsecured credit other than retail loans and it is responsible for monitoring and checking the activities of the body to which it has delegated such authorities.

The Assets and Liabilities Committee is responsible for determining policies related to the management of the Bank’s assets and liabilities and to the deployment of resources for that purpose and for making decisions that will be carried out by the units that are involved in the management of the Bank’s balance sheet. The committee’s duties consist of discussing and assessing developments in the Bank’s financial structure, portfolio, budget, loan and deposit interest rates; developments in money and capital markets; and developments in the Bank itself as well as in other banks. The committee regularly meets once a week but it must meet at least once a month. Meeting places and times are announced by the chairman. Other assistant general managers and bank officers may be invited by the committee to take part in its meetings to obtain information from them or to hear their views. The head of Budget and Reporting Management is responsible for organizing the committee’s meetings and recording the decisions taken at them.

Halkbank’s Compensation Committee, established according to the Board of Directors’ decision dated December 27, 2011, and numbered 41-32, continues to monitor and supervise compensation practices on behalf of the Board of Directors in an effective manner.

A body that reports to the Bank's Board of Directors with the goal of coordinating the bank's sustainability efforts.

Duties and Authorizations of the Sustainability Committee:

Follow-up and implementation of the “Sustainability Policy” defined by the Board of Directors, 

Coordination of the bank's sustainability efforts, and running an assessment of the economic, environmental, and social effects of its activities,

Determining how to mitigate possible adverse effects of the bank's activities on sustainability and creating work groups with the relavant departments,

Establishing the bank's energy management procedures and principles. Analyzing the results of data on energy management. Providing recommendations regarding measures that need to be taken by contacting relevant departments of the bank. Providing reports and/or statements to public disclosure platforms as required,

Building the infrastructure that is suitable for the bank in legal/illegal situations. As a public bank traded on Borsa Istanbul, carrying out the necessary works and coordinating internal regulations within the bank so as to be listed and to remain in the BIST Sustainability Index, which covers the highest performing companies,

Providing opinions and recommendations to the Board of Directors with regard to the bank'a acitivities and shortcomings on sustainability.

Establishes working groups on sustainability from the relevant departments and, if necessary, receives technical consultancy from outside the Bank without the approval of the Board of Directors.

Information Technologies (IT) Strategy Committee is set up to oversee, on behalf of the Board of Directors, the Bank’s IT investments’ consistency with the IT Strategy Plan, and the Bank’s business objectives with its IT objectives. 

The primary duties of the Committee are to review, and revise where necessary, the IT strategy plan with reference to the “Regulation on the Information Systems of the Banks and Electronic Banking Services” published by the Banking Regulation and Supervision Agency; to assess the IT strategy plan’s orderly implementation; and to see whether the IT investments are duly utilized or not, and whether the Bank’s IT objectives align well with its business objectives.

The Personal Data Protection (KVK) Committee is set up to perform the Bank’s obligations as a data controller, under the Law no. 6698 on the Protection of Personal Data (KVKK) and secondary regulations.

The primary duty of the Committee is to fulfill, on behalf of the Board of Directors, the Bank’s obligations given its status as a data controller under KVKK and secondary regulations.

The Bank's Business Continuity and Emergency Action Committee is set up to ensure the decisions required in the face of emergencies and unexpected circumstances are taken.

The primary duties of the Committee are to specify the principles to be observed by the relevant units in the face of emergencies and unexpected developments, and to issue the instructions required for the fulfillment of these principles; to implement the Business Continuity and Emergency Action Plan in case of emergencies and unexpected circumstances; to have the Business Continuity and Emergency Action Scenarios tested and tried, and the results evaluated; to oversee the Bank’s internal procedures regarding emergencies and unexpected circumstances; to ensure remedial action based on the conclusions of its assessment; to ensure the build-up of a management and operating environment free from the same risks affecting the primary service environment, for use when necessary.

The Information Technologies (IT) Steering Committee is set up to provide assistance to the IT Strategy Committee and senior management.

The primary duties of the Committee are to set the priority levels of IT investments and projects; to monitor the state of ongoing IT projects, to settle the conflicts regarding resources between the projects; to ensure and supervise the regulatory compliance of the IT architecture and projects; and to provide required guidance for the implementation of IT requirements in line with strategic priorities.

The IT Steering Committee is comprised of the relevant IT and business unit directors, as per the provisions of the “Regulation on the Information Systems of the Banks and Electronic Banking Services” published by the Banking Regulation and Supervision Agency.

The Information Security Committee is set up to perform, on behalf of the Board of Directors, the tasks of developing and implementing the information security policy.

The primary duties of the Committee are to ensure that the Bank’s information security policy is developed and implemented on behalf of the Board of Directors; to oversee the application of the information security system in all processes and technologies applied by the Bank; to lead the efforts to make information security consistent with business requirements and strategies, and to ensure the effective involvement of the directors of business units, along with the adoption of the process throughout the Bank; and to ensure the implementation of the efforts to increase information security awareness levels.

The Information Security Committee is comprised of the relevant IT and business unit directors, as per the provisions of the “Regulation on the Information Systems of the Banks and Electronic Banking Services” published by the Banking Regulation and Supervision Agency.

The Information Technologies (IT) Continuity Committee is set up for the tasks of declaring a crisis situation taking all factors concerning the events occurring into account, deciding on the implementation of the IT plan, and ensuring coordination with other recovery, continuity and response teams.

The primary duties of the Committee are to establish the Bank’s IT continuity strategies and to develop short-, medium-, and long-term plans regarding the strategies; to assess the IT Continuity Management Process performance in the relevant time frame; to come up with actions to be introduced to achieve continuous improvement of the process; and to review the state of ongoing efforts.

The IT Continuity Committee is comprised of the relevant IT and business unit directors, as per the provisions of the “Regulation on the Information Systems of the Banks and Electronic Banking Services” published by the Banking Regulation and Supervision Agency

The Information Technologies (IT) Risk Management Committee is set up to analyze, reduce, monitor and report the risks to arise due to the use of information technologies in the banking operations.

The primary duties of the Committee are to review the areas where Information Technologies (IT) risk assessments are required; to oversee IT risk analyses, risk responses, and action plans; to review the risks and action plans requiring approvals / comments; to provide information to relevant management levels and committees with respect to the risks and action plans requiring approvals / comments; and to ensure the execution of corrective action within the framework of the continuous improvement plan, through a review of the IT Risk Management Process.

The IT Risk Management Committee is comprised of the relevant IT and business unit directors, as per the provisions of the “Regulation on the Information Systems of the Banks and Electronic Banking Services” published by the Banking Regulation and Supervision Agency.