The Board of Commissioners is tasked with supervising and is responsible for supervising management policies, the running of management in general, both regarding the Company and the Company’s business, and providing advice to the Board of Directors.
Under certain conditions, the Board of Commissioners is obliged to hold an annual GMS and other GMS in accordance with its authority as regulated in statutory regulations and the Articles of Association.
Members of the Board of Commissioners are obliged to carry out their duties and responsibilities as intended in good faith, with full responsibility and prudence.
In order to support the effective implementation of its duties and responsibilities as intended, the Board of Commissioners is obliged to form an Audit Committee and can form other committees, including but not limited to the Nomination and Remuneration Committee, taking into account the applicable regulations in the Capital Market sector.
The Board of Commissioners is obliged to evaluate the performance of committees that assist in carrying out their duties and responsibilities as intended at the end of each financial year.
The Board of Commissioners has the authority to temporarily dismiss members of the Board of Directors by stating the reasons.
The Board of Commissioners can take action to manage the Company in the event that all Directors have a conflict of interest with the Company.
The Board of Commissioners at any time during working hours of the Company’s office has the right to enter buildings and grounds or other places used or controlled by the Company and has the right to examine all books of accounts, letters and other evidence, check and match the condition of cash, etc. and has the right to know all actions that have been carried out by the Board of Directors.
The Board of Directors and each member of the Board of Directors are obliged to provide explanations regarding all matters asked by the Board of Commissioners.
If all members of the Board of Directors are temporarily dismissed or if for any reason the Company does not have a single member of the Board of Directors, the Board of Commissioners is temporarily obliged to manage the Company. In such case the Board of Commissioners has the right to grant temporary powers to one or more members of the Board of Commissioners at the expense of the Board of Commissioners.
