Aydem Renewables Board and Senior Management perform their duties with transparency principle, awareness of accountability to the company and shareholders and by keeping the profitability of the company and the interests of shareholders at the forefront with the sustainability approach.
In Aydem Renewables, which has a new governance structure with its sustainability approach, the Board of Directors is seen as the approval authority of critical decisions. The Shareholders or the Board of Directors are not intervening in daily transactions but are informed about critical issues. In cases of high financial impact and risk, the Board of Directors of Aydem Renewables plays a decisive and supervisory role in the management processes of Aydem Renewables. Aydem Renewables Board is the highest governing body responsible for tasks such as defining strategic objectives, determining corporate governance, identifying the people and financial resources needed, auditing the performance of the management, observing the compliance of the activities with the legislation, the Articles of Association, internal regulations and the policies created, and auditing the sustainability performance of the Company.
As of 2019, there are 4 members at Aydem Renewables Board. As of 2020, 4 independent members will be appointed to Aydem Renewables Board of Directors and a total of 8 members are planned to be appointed. It is aimed to give priority to women in appointed members. The success of the Board of Directors is assessed by the extent to which the main business objectives are achieved in line with the corporate objectives and by monitoring the success rate of the strategies. Since the performance indicators of the main business objectives are the result of the key performance indicators of all processes, including the sustainability management process, the highest governance body also evaluates its own performance, especially in relation to economic, environmental, social and governance performance.
Board of Directors
Board of Directors
The main purpose of the Committee is the supervision of the Company's accounting system and accounting practices, the operations of the company’s internal control systems, public disclosure of the Company's financial information, the operation and efficiency of the internal and external audit of the Company and the compliance of the Company with the applicable legislation. The Committee also performs the duties imposed on it under the Articles of Association and the Communiqué. The Committee aims to contribute to the constant improvement of the Company's compliance with the applicable legislation and the internal regulations, internal control systems and the enhancing of the transparency, accountability, fairness, predictability and efficiency within the Company.
Corporate Governance Committee
Komite, kurumsal yönetim ilkelerine uyulmaması durumundaki soruşturmalar ve çıkar çatışmalarının belirlenmesi dahil olmak üzere, kurumsal yönetim ilkelerine uyulmasında, Yönetim Kurulu’na yardımcı olur. Komite ayrıca yatırımcı ilişkileri biriminin gözetimini yapar ve aday gösterme komitesi ve ücret komitesine bırakılan görevleri yerine getirir. Komite yılda en az dört kez olmak üzere çalışmaların etkinliği için gerekli görülen sıklıkta toplanmaktadır. Komite, Yönetim Kurulu üyesi olan veya yönetim kurulu üyesi olmayıp kendi alanında uzmanlığı olan en az üç üyeden oluşur ve Komite başkanı bağımsız yönetim kurulu üyelerinden seçilir. Komite üyelerinin çoğunluğu, icrada görevli olmayan Yönetim Kurulu üyelerinden seçilir. Yatırımcı ilişkileri yöneticisi, Komite’nin doğal üyesidir.
Early Risk Determination Committee
The Early Risk Determination Committee assists the Board of Directors in the formation of a committee of experts for identifying the risks that might jeopardize the existence, improvement and continuation of the Company in a timely manner, implementation of the appropriate risk management strategies and risk management, and also performs other duties imposed on it under the applicable legislation.
The purpose of the Committee is to evaluate the investment and business development projects in excess of USD 1 million, in line with the purpose and subject of the Company's articles of association, submit them to the approval of the Board of Directors and carry out the follow-up processes.
Health, Safety and Environment Committee
The purpose of the committee is with developing a culture of sustainability, life, occupational health and safety covering the Company's employees and all operating facilities to ensure that proactive safety behavior is adopted and developed, including environmental regulations and activities. In addition, to inform the Board of Directors about preventive/remedial measures to
ensure the implementation of sustainability principles, areas that may create opportunities and results of operations. The Working Principles covers all social, environmental, occupational health and safety issues to be assessed by the Committee. The Committee shall be responsible for assessing the objectives of sustainability, OHS, environmental and social issues and evaluating key performance indicators (“KPIs“).