Ekspo Faktoring, which has a privileged position in the Turkish financial sector, has a corporate governance approach built on values such as transparency, fairness, commitment to ethical values and accountability, making a significant contribution to the Company’s sustainable success.
Ekspo Faktoring has attached great importance to maintaining all business processes within the framework of a professional and corporate management approach since its establishment. Having succeeded in establishing a transparent, fair, ethical and accountable corporate structure and strictly adhering to these principles, the Company aims to maintain its privileged position in the Turkish financial sector, increase its profitability and efficiency in a stable manner, and create value for all its stakeholders, especially its clients.
A stronger corporate structure through committees
Ekspo Faktoring has in place committees that work actively to ensure sustainability of organizational development. These committees aim to build on the company culture and make sure that the corporate governance approach is adopted with the same standards across all departments. The Asset-Liability Committee (ALCO), Risk Assessment Committee, Liquidity Committee, Information Technologies Committee, and Human Resources Committee all contribute to the effectiveness and efficiency of business processes.
International audits
Ekspo Faktoring is audited by an international independent audit firm twice a year, with the first audit conducted at the end of the sixth month in limited scope. To sustain the transparency of the audit results, the Company switches to a different independent audit firm every seven years. The financial statements of Ekspo Faktoring are also reviewed quarterly by this independent audit firm. Meanwhile, tax audits are conducted by another firm. Even though the Company is not listed publicly, one independent director serves on the Board of Directors.
Information flow to ensure transparency and accountability
The BDDK promotes the importance of transparency and consistency in the financial sector and therefore recommends all finance companies disclose their financial statements at regular intervals online. Knowing that the financial sector is built on trust, Ekspo Faktoring considers it a duty to disclose open, clear and accurate information to the public. Accordingly, the Company discloses its annual financial statements on its corporate website. The Company also informs the investors by publishing quarterly financial statements on the Public Disclosure Platform (KAP). An effective organizational structure allows Ekspo Faktoring to work quickly and effectively while the Company’s technological infrastructure lends to an important competitive edge. The Company also invests in the development and training of its employees to achieve corporate targets.
