DenizBank’s Corporate Governance Principles have been developed on the basis of the Corporate Governance Principles disseminated by the Capital Markets Board (CMB), taking into consideration international and sector-specific practices.
Corporate Governance Statement sets forth the Bank’s commitments concerning the arrangement of relations with shareholders and stakeholders and the determination of the duties and responsibilities of the Board of Directors and the subordinate management levels within the framework of its corporate governance concept based on transparency, equality, responsibility and accountability.
On September 23-24, 2004, DenizBank shares were offered to the public. From that date on, the Bank has been subject to the Istanbul Stock Exchange (ISE) quotation rules and Capital Markets Board (CMB) regulations. Prior to IPO-related changes in its Articles of Association, the Bank voluntarily adopted the CMB’s Corporate Governance Principles by taking into consideration international practices and sector-specific applications. Its Corporate Governance Report, which was discussed and voted on during the Board of Directors meeting held on September 16, 2004, was also adopted.
DenizBank has continued its Corporate Governance Harmonization following the IPO and republished an updated Corporate Governance Report incorporating post IPO changes on February 23, 2005.
Management Report on Corporate Governance Report relating to the activities and developments within 2005 was prepared in March, 2006 and included in the 2005 Annual Report. This report includes information about the recent implementation of the Corporate Governance Principles within the Bank, as well as the rationale behind the differences between the Bank and the principles.
Corporate Governance Reports
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