The company specifies an annual remuneration for Members of the Board of Directors in accordance with market conditions and the company’s strategy, policies and performance by considering the duties and responsibilities undertaken by them. However, these criteria are not used for the remuneration of the Independent Members of the Board of Directors. It is ensured that remunerations of the Independent Members of the Board of Directors are at a level likely to preserve their independence. Remunerations specified by the management are submitted for the approval of the associates during the company’s Annual General Meeting of Shareholders of the respective year.
The remunerations of the company’s senior executives , are specified by the Board of Directors in accordance with equivalent business conditions by taking account of the duties, responsibilities, and experience undertaken by them as well as their critical achievement indicators and by considering the company’s strategy, policies and performance.