Compensation Policy
The purpose of this Policy is to determine the fundamental principles and procedures regarding the compensation practices for Forte Bilgi’s members of the Board of Directors, members of the executive committee, and employees, and to ensure that compensation processes are carried out in a fair, transparent manner, in compliance with legislation and in alignment with corporate governance principles.
Scope
This Policy covers: • Members of the Board of Directors, • Members of the executive committee, • Company employees, and compensation practices are carried out within the framework of the relevant legislation, employment contracts, and the Company’s internal regulations.
General Principles Regarding Compensation
Compensation practices are determined and implemented: • In compliance with the applicable labor legislation and other relevant legal regulations, • By taking into account the duties, responsibilities, and service periods of employees and executives, • By observing the principles of fairness, equality, and objectivity, • In alignment with the Company’s financial position and sustainability objectives.
Compensation for Members of the Board of Directors and Executive Committee
Compensation payments to members of the Board of Directors and the executive committee are evaluated within the framework of the term of office, the manner of termination of duty, and the provisions of the relevant legislation. Compensation practices within this scope are carried out in line with the decisions of the authorized bodies and by taking into account the Company’s financial structure.
Compensation for Employees
Compensation practices for employees are carried out based on employment contracts and the provisions of the applicable legislation. The duration of service, scope of duty, and the conditions of termination of the employment contract are among the main determining factors in compensation practices.
Confidentiality and Transparency
Individual information regarding compensation practices is protected within the framework of the principle of confidentiality. However, matters required to be disclosed to the public pursuant to legislation are shared with the public in a timely manner in accordance with the relevant regulations.
Authority and Entry into Force
This Policy enters into force on the date it is approved by the Board of Directors. The authority regarding the implementation and updating of the Policy belongs to the Board of Directors. Necessary updates to the Policy may be made in line with legislative changes or Company needs.