Emlak Konut

Corporate Governance Information Remuneration Policy

The Remuneration Committee created under the Corporate Governance Principles takes into consideration the company’s long-term targets. Accordingly, it presents its recommendations to the General Assembly regarding the Board members, senior managers and personnel’s remuneration principles.

 

The Remuneration policy of the Company’s Board members’ remuneration shall be submitted to the General Assembly dated 28.03.2018. It shall include the following:

 

i) Net 8,000.00 TRY monthly and additionally four extra net salary premium is paid to our Company`s Board members.

 

(ii) The income tax which is occurred from the abovementioned payments (regarding salaries from one more employer) are paid by Emlak Konut REIC at the end of the fiscal year 

 

(iii) Salaries which are to be paid to the members of the Board of Directors are submitted for approval to the shareholders in the subject activity term’s General Assembly. 

 

(iv) Remuneration of Independent Board Members cannot be based on profit share, share options or performance of company and must be in the level which Independent Board Members will save their independence. 

 

(v) Remuneration of top level managers are based on current economical data of market, relevant remuneration policies of current market, our Company`s long term aims and policies and additionally these directors’ roles in Company, responsibility and experience and legal obligations.