Risk management processes in Tofaş are under the responsibility of the Board of Directors. The duties and activities in the field of risk management are carried out by the Audit Committee and the Early Risk Detection and Risk Management Committee in accordance with the relevant legislation. Corporate risk strategies are determined on the basis of reports submitted to the Board of Directors. 

Risk management is a part of the annual target spread and performance evaluation system. We attach importance to the implementation and dissemination of internationally recognized principles and steps on risk management. We follow our risk management processes within the scope of our 5-step methodology.

Sustainability risks are one of the main issues of Tofaş’s risk management portfolio and cover all issues that have an impact on the sustainability performance. The sustainability risks are determined with a preventive approach and the results are reported within the scope of the Risk Management Policy.

For more information about Tofaş’s corporate governance structure, you may visit tofas.com.tr/en/InvestorRelations/CorporateGovernance or refer to the Tofaş Annual Report 2019, which is published interactively at ir.tofas.com.tr/2019/en/