2020 Sustainability Report
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Risk Management

Even though the Board of Directors is responsible for Risk Management processes, relevant tasks and activities are carried out by the Audit Committee, and the Early Risk Detection and Risk Management Committee. The reports submitted by these committees to the Board of Directors are based on while determining corporate risk strategies.

Risk management is addressed as part of the annual target spread and performance evaluation system. Accordingly, universally known risk management principles and steps are applied and popularized within the company. Following five-step methodology is used to monitor our risk management processes:

Sustainability risks cover all matters that have an impact on the sustainability performance, and are one of the main topics in Tofaş’s risk management portfolio. While determining the sustainability risks, the principle of prevention is adopted, and relevant risks are reported as part of the Risk Management Policy.

For more information about Tofaş’s corporate governance structure, you may visit tofas.com.tr/YatirimciIliskileri/KurumsalYonetim or refer to the Tofaş Annual Report 2019, which is published interactively at ir.tofas.com.tr/2020.