İş Private Equity (Company) Compensation Policy (Policy) aims primarily to plan, execute and manage Company's applications related to compensation in accordance with the applicable legislation, scope and structure of Company's activities, strategies, long-term objectives and risk management structures based on effective risk management and preventing excessive risks. The policy covers each manager and employee on all levels of the Company.
Determining the amount of the wages of the managers and employees in accordance with Company's ethical values, internal balance and strategic objectives of the Company by considering not only short-term performance, but also long-term development of the Company.
Performance based incentive payments for the managers are determined by considering the scope of the risks taken, size of the organization which is to be managed and administered, general economic conditions, adhering to the objective conditions, with the purpose of affecting Company's corporate values and without any guarantees on the amount of the payments. Extra premium payments can also be made to employees based on the profit obtained through private equity investments, to which the Company becomes a partner as per the Company's subject of activity, and exits thereafter.
The ultimate authority and responsibility on executing the compensation policies of the company effectively within the framework of this Policy, belongs to Company's Board of Directors. Board of Directors ensures the effectiveness of the Policy by reviewing the Policy at least once in a year.
Corporate Governance Committee established within the body of Board of Directors, monitors and audits Company's compensation applications on behalf of Board of Directors and presents assessments and proposals to the approval of Board of Directors.
Senior Management is accountable to Board of Directors in terms of executing Company's compensation policies in accordance with the applicable legislation and this Policy.
This Policy, and any revisions and amendments on the Policy according to current conditions come into force with the approval of Board of Directors.