In all of our companies, the people who will make the justified decisions will also be the performers of business. Thus within the delegation of authority, the decision maker will have the responsibility together with his/her superior. Our aim here is to make execution proactive instead of awaiting for the decision of managers. The competent authority should also approve the decisions quickly and should consider the interests of company.

In case of unapproved decisions and/or when there is disagreement between the executer of business and the competent authority, the case will be forwarded to a higher authority. But it should be remembered that the preferred case is the one in which the problems are solved before forwarding them to the upper authority. The types of the decisions that every rank can make are in integrity with the Regulation of Authority in our companies.

There was the necessity of establishing a mechanism for the relations between the Holding and our companies. The name of this mechanism is; Committee of Execution. This Committe will make the necessary decisions by considering the operations of our companies according to the defined policies and goals.

The decisions of the Committe of Execution are in a form of recommended decisions. The Company General Managers are responsible for the execution of these decisions. The meetings are done at least once a month for each company. The number of meetings can be increased according to the desire of the members of the Committe of Execution.

It is within the authority of the company General Manager whether or not to forward the Committee of Execution decisions to the Board of Directors.