Article 1. Definitions
The following terms mentioned in the Regulation shall have the following meanings;
|Bank||Türkiye İş Bankası A.Ş.'ni,|
|Company||İş Finansal Kiralama A.Ş.'yi,|
|Board of Directors||Board of Directors of İş Finansal Kiralama A.Ş.|
|Head Office||İş Finansal Kiralama A.Ş. Head Office|
|General Manager||General Manager of İş Finansal Kiralama A.Ş.|
|Donation||The transfers to be made to real or legal third parties by the Company for purposes determined by the Regulation which have no return or any calculable return, however made by considering the anticipated benefits for the Company and/or society.|
Article 2. Purpose
The purpose of this Regulation is to outline the procedures and principles related to the donations that the Company shall make in order to fulfill its social liabilities and contributing to its activities in line with the corporate governance principles.
Article 3. Scope
This Regulation covers all the donations in the defined nature which can be made by the Company.
Article 4. Donation Principles
EDonations can be made for education, health, culture, law, art, scientific research, environmental protection, sports and similar social and humanitarian matters with no return in order to positively contribute to the public perception of Company’s sensitivity towards fulfilling its liability or for the Company to gain anticipated material or non-material benefit.
Donations under Social Responsibility
It is essential that the donations of the Company shall be made for education, health, culture, law, scientific research, environmental protection, sports and similar social and humanitarian matters, there shall be a general acceptance in the public regarding the fact that the contribution made by individuals and institutions beside the government in such areas is found proper, and the contribution of the Company regarding such matter is understood in such way. In such cases, the requirement that the Company shall gain calculable material or non-material benefit is not sought.
Donations Expected to Provide Benefits
KIt is essential for donations to be made with an expectation to gain benefit that the contribution shall be determined in writing and with just cause by the unit receiving such donation request. For donations to be made within this scope, the expected benefit realizations shall be monitored and reported to the Financial Management Department every six months by the relevant unit. Head Office shall annually inform the Board of Directors regarding the expected contribution realizations.
Article 5. Implementation Principles for Donations
All kinds of donation requests shall be processed by completing the Donation Request Form (Annex-1). The unit receiving the donation request shall forward the Donation Request Form deemed appropriate to the Financial Management Department with reasoned opinion. Following the required evaluations and checks, the Financial Management Department shall include its reasoned opinions and submit the Donation Request Form deemed appropriate to the General Manager through affiliated Assistant General Manager (or directly if there isn’t any).
In the event that the total donations to be made to an individual or institution within a fiscal year exceed the limit to be determined by the Board of Directors, the approval body for the donations to be made to the relevant individual or institution shall be the Board of Directors until the end of the same fiscal starting from the donation which will lead to such limit excess. And each donation transaction to be made to an individual or institution up to a limited to be determined by the Board of Directors is subject to the approval of the General Manager. General Manager is entitled to transfer his/her rights partially or entirely to anyone or any units deemed appropriate. Half of such amount shall be basis for determining the authority limit of the donations which cannot be taken into account as expense or deduction in corporate tax base calculation. According to the regulation “the donation amount to be made by banks and organizations subject to consolidated audit cannot exceed four per thousand of the bank’s equity” stipulated in article 59 of Banking Law no. 5411, a confirmation from Bank’s Affiliates Department shall be obtained by using the form available in Annex-1 prior to donation approval request regarding the conformity to the limit anticipated by the Banking Law.
Information related to the donations made throughout the month shall be notified to the Bank’s Affiliates Department within first three business days of the following month using the form available in Annex-2 in order to ensure the limit usage monitoring anticipated in the Banking Law provided that one of the Company signatures is an authorized official at Assistant General Manager level minimum.
Article 6. Other Provisions
Donations can be made in cash or in kind. In cases where the donations are made in kind, the cost of such donated goods and services to the Company shall be basis for determining the monetary value of the donation. In case the donation is made by giving away an items registered as a Company asset, net book value shall be taken into account.
According to the regulation “however, at least half of the donations and reliefs made shall consist of donations and reliefs which can be taken into account as expense or deduction in determining the corporate tax base” stipulated in article 59 of Banking Law no. 5411, making donations which can be taken into account as expense or deduction in determining the corporate tax base is essential, and the amount of the donations which cannot be taken into account as expense or deduction in determining the corporate tax base cannot exceed half of the annual donation budget.
Donations made by means of sending garlands are excluded from the scope of this Regulation.
Restrictive regulations arising from the legislation that the Company is subject to are reserved in donation implementation.
Provisions of this Regulation shall be executed by the Head Office.
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