Empowered by the synergy of the vast experience and know-how of its founders and executives, along with the innovative approach of the second generation at the helm, Ekspo Faktoring implements the “new traditional banking” approach with great success. Transparent management, effective risk management and internal control mechanism are the basis of the corporate governance approach of the Company, which focuses on making its success sustainable by conducting its activities in accordance with ethical values, international criteria, applicable legislation, specifications and standards. Ekspo Faktoring makes a significant contribution to raising the standards of the industry in which it operates, as it is the first company in its industry to appoint independent members to its Board, be audited by international independent auditors, publish its annual report, and disclose its financials.

Ekspo Faktoring continues its efforts to ensure that its corporate governance approach is adopted at the same standards in every unit of the organization, to improve internal communication and to further strengthen the corporate culture. The company aims to make its corporate development sustainable through committees that have been actively working since day one. These committees and their duties, which contribute greatly to healthy and efficient business processes, are as follows:

Headed by the CEO, the ALCO (Asset-Liability) Committee convenes weekly with the group managers, who engage in activities that might affect the balance sheet. The meeting agenda includes an evaluation of the balance sheet, departmental activities, credit risks of clients, general economic data, current political and economic developments, current legislation and prospective placements, as well as a determination of the weekly strategy.

The Risk Assessment Committee convenes weekly and more frequently when needed. The Committee considers the proposals regarding corporate clients’ utilization requests and evaluates the suggestions of the Marketing Department to approve or reject them within the limits of its authority. Proposals exceeding these limits are presented to the Board of Directors for approval.

The Liquidity Committee, chaired by the CEO, convenes weekly with senior executives. Current interest rates in the financial markets, weekly positions to be taken with the banks and interest rates offered by banks are discussed, considering daily, weekly, quarterly, half-year, and if possible, annual outlooks. Assessing available bank limits and collateral maintained with banks, determining the financial institutions to work with and obtaining information about their financial structures also fall within the responsibilities of the Committee.

The Human Resources Committee, headed by the Board Member in charge of Human Resources, convenes every December. The Committee evaluates the vertical (advancement in the title as well as duties and responsibilities) and horizontal (a change in duties and responsibilities under the same title) promotion of all employees and reaches its final decisions. The Committee also determines the actions - from orientation processes for new employees to training programs - to enhance the efficiency of the Company’s human resources.