G MAN AGEMENT AKFEN HOLDIN G AND GR OUP C OMP ANIES CORPORA TE GO VERN AN CE FIN AN CIAL T ABLES
12. Stakeholder Participation in Management
No mechanism or model has been defined for the participation of stakeholders in management. However, independent members of the Board of Directors enable all shareholders and stakeholders to be represented in Senior Management.
Opinions of stakeholders are received in critical decisions that affect the stakeholders.
13. Human Resources Policy
- In recruitment, training and development, remuneration and career planning, as a principle, the Company provides equal opportunities to persons under equal conditions.
- Employment criteria are stated in written form and observed in practice.
- Employees are treated equally in matters of development and promotion; various development policy and plans are devised to enhance the know-how, skills and experience of employees.
- Employee job definitions, and criteria for performance assessment and remuneration are determined by managers and shared with employees.
- Relations with employees are managed by the Human Resources Coordination Department; the Department Manager is Mr. Nafiz Turgut as of January 8, 2013. Employees are not subjected to any kind of discrimination. No complaints have been received from employees with regards to discrimination.
As of December 31, 2012, Akfen Holding, its subsidiaries and joint ventures employ a total of 27,994 personnel.
Information on Relations with Customers and Suppliers
Since the Company is a holding company, it is not directly involved in operations. Therefore, it does not have any direct contact with customers and suppliers.
As a holding company, Akfen Holding A.Ş. formulates general policies related to subsidiaries’ measures and efforts to ensure customer satisfaction, gives its shareholders the utmost support and, in some cases, meets with third parties on these matters, and constantly supervises efforts to enhance customer satisfaction.
14. Code of Ethics and Social Responsibility Code of Ethics
Akfen Holding disclosed its “Code of Ethics” on the website as the principles and rules that it defined in order to add financial value for stakeholders and elevate the Company’s corporate values that must be complied by all executives and employees.
Through these rules, the Company aims to ensure that Akfen executives and employees act with high standards and are aware of the corporate effects of their behaviors and attitudes; corporate employees and stakeholders must always display the most proper conduct and act in the most ethical and professional manner.
Social Responsibility
Akfen Holding makes the utmost effort to conduct its operations with awareness of its social responsibilities and supports education, arts, social and other types of corporate social responsibility initiatives.
Non-Governmental Organizations Turkey Human Resources Foundation (“TİKAV”)
Akfen Holding A.Ş., in order to enable university students to become successful and effective individuals socially and culturally, founded the Turkey Human Resources Foundation. TİKAV was founded on January 15, 1999 under the leadership of Mr. Hamdi Akın with the principle of realizing its duties in educational field instead of waiting for the state to provide all the services. TİKAV aims to improve the quality of young human resources in the country through the programs it implements as a non-governmental organization based on Atatürk’s principles. The
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Personal Development Program includes an array of activities in which university students would start to undertake as freshmen and which they continue until the end of their senior year; the participation in several seminars, trainings, interviews, apprenticeship training and travel programs enhance the knowledge and skills of university students.
The Foundation provides scholarship and educational opportunities to university students and had obtained the authorization to administer the program to young people within its core mission, as the independent operator of the International Award for Young People in 2001. In order to present, execute, survey and certificate the International Award for Young People in 2003 in Turkey, TİKAV, pioneered the foundation Association of Award for Young People and was authorized as the National Authority.
TİKAV uses funding from UNFPA, UNICEF and the European Union Youth Program for some of the projects it implements. The Foundation also took its place in the Turkish Delegation at some of the United Nations conferences. Under the sponsorship of Mersin International Port (“MIP”), it implemented the “Eski Köye Yeni Adet” (New Tradition for the Old Village) initiative in 2010, “Anneler Okulu Projesi” (Mother’s School Project) project in 2010 and 2011 and the “Ortak Dilimiz Renkler Projesi” (Colors, Our Common Language) initiative in 2012. For 2013, with the partnership of MIP, TİKAV plans to implement the projects “Hands in Hands with Village Headmen in Mersin” for 222 village leaders and “We Restore, You Study.” All initiatives undertaken in partnership with MIP will be implemented in Mersin.
The Association for Award for Young People
The Association for Award for Young People, under the main sponsorship of Akfen Holding, is the only establishment authorized by the British International Award Association to present, execute, survey and certificate the International Award for Young People in Turkey. The Association aims to foster general societal development by contributing to the individual and social development of young people through the program it implements.
The Regional Reunion for 2011 of the
International Award for Young People Program aimed to support the personal development of youth by raising awareness of volunteering without competition, was held April 28 – May 1, 2011 in Istanbul with the participation of 15 National Authorities of European, Mediterranean and Arabic Countries (“EMAS”) region’s and the representatives of the International Award Association.
Sponsorships
Projects introducing children and youth to the arts
Akfen Holding believes that the art is one of the most important fields to take societies into the future and provides support to the Istanbul Modern Friends of Education with this approach. The Istanbul Modern improves artistic creativity in Turkey with educational programs and activities and allows the local cultural identity to meet with the international arts environment. During 2012, Akfen Holding continued to add value to the educational programs of the Istanbul Modern with its support to create opportunities for arts education for children and youth and enhance the existing success of the Museum.
Housing opportunity to earthquake victims
After the earthquake in Van in 2011, which is still fresh in the memory as a great disaster, many of our citizens lost their homes. Due to its socially aware approach, Akfen Holding participated in the “Hürriyet Mahallesi” (Liberty Neighborhood) campaign that commenced with the cooperation of Hürriyet Newspaper and the Red Crescent Society. Under the assistance campaign that aims to provide housing to those, who lost their homes due to the earthquake, the Holding has donated 20 homes to the families impacted by the disaster.
Working with Red Crescent in aiding Somalia
Akfen Holding closely monitors social problems not only in Turkey but also all around the world and has made a donation to the aid campaign launched by Turkish Red Crescent for Somalia which is facing the danger of famine.
2012 CORPORATE GOVERnAnCE PRInCIPLES COMPLIAnCE REPORT
20 12 C ORPORA Te GO Ve R nA n Ce PRI n CIPL eS COMPL IANCE REP OR T