1. Purpose and Scope of the Policy
The main purpose of İş Leasing remuneration Policy (Policy) is to ensure that compensation practices of the Company is maintained and managed in line with relevant regulations and the scope and the structure of the activities of our Company, along with its strategies, long-term goals and risk management structures, in a way that prevents taking excessive risk and based on effective risk management.
The Policy covers the directors and employees of the Company at all levels both at the Head Office and the branches.
2. Main Principles and Terms Regarding Remuneration
It is a rule that wages to be paid to directors and employees of the Company at all levels shall be in line with the ethical values of the Company and its internal balances and strategic goals and shall not be linked solely to the short-term performance of the company.
Premiums based on performance shall be determined objectively in a way that will positively affect the corporate values of the Company, with no amounts pre-guaranteed and terms of the risks taken into consideration.
Payments to directors and staff of the Internal Auditing and Risk Management Unit shall be independent of the activity unit they audit or supervise or control, and shall be based on the performance of the relevant employee relating to his/her own function.
Performance criteria shall be defined and communicated to the employees, while defined criteria shall be regularly reviewed.
Sanctions, including payments, regarding employees who are found to put the reliable operation of the Company at risk or be responsible for deterioration or impairment of the financial structure of the Company shall be determined by the management.
3. Duties and Responsibilities
Ultimate authority and responsibility for effective implementation and management of the compensation practices of the company within framework of the relevant regulations and this Policy shall belong to the Board of Directors of the company. Board of Directors shall ensure effectiveness of the Policy by reviewing it at least once a year.
Compensation Committee formed within the Board of Directors shall monitor and supervise the compensation practices of the Company on behalf of the Board of Directors within framework of this Policy, and submit its evaluations and proposals to the Board of Directors.
Wages and Premiums Management Committee formed within scope of the Wages and Premiums Procedure put into effect by the Board Decision dated 30th July 2009 shall be responsible to the Board of Directors concerning effective implementation and management of the compensation practices of the Company in line with relevant regulations and this Policy.
Within framework of the relevant regulations and this Policy, tasks and activities pertaining to preparation, dissemination, updating, effective implementation and monitoring of the regulations concerning Company procedures and the rules for compensation practices shall be carried out, managed and coordinated by the Human Resources Unit under the authority of the Wages and Premiums Management Committee. Other Departments of the Company and branches shall undertake their duties in this area in coordination with the Human Resources Unit.
Compliance with relevant regulations and this Policy, and effectiveness of the compensation practices and schemes of the Company, shall be subject to auditing and evaluation within scope of internal auditing.
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