Page 23 - BKT Annual Report 2024 EN

Governing Bodies

BOARD OF DIRECTORS AUDIT COMMITTEE

The Board of Directors is responsible for decision- The Audit Committee supervises accounting
making and supervision of the BKT Albania and procedures and internal control of the bank, including
its subsidiaries and also regularly reviews and the procedures defined by the Bank of Albania, and
assesses the governance structures to ensure they supervises the implementation of these procedures
are consistent, both in form and in substance, with as well as audits the bank accounts and respective
requirements and best practices. It approves and
controls the implementation of the policies and registrations. Considers internal audit reports and
strategies of the bank in connection with the business monitors the way conclusions from such reports are
plan, risk management and annual budget, setting dealt with. Evaluates the financial situation of the bank
out long-term objectives of the bank and monitoring based on the report of the statutory auditor. Controls
their realization and effectiveness of management compliance of the activity of the bank with laws and
practices in the bank. Board of Directors monitors and bylaws and notifies the Board of Directors of the bank
supervises implementation of legal and regulatory about the conclusions. etc.
requirements and of the best practices in banking
system, etc.
Members of Audit Committee
Members of the Board of Directors Mehmet Usta, Chairman

Mehmet Usta, Chairman Serdar Sümer, Member
Serdar Sümer, Vice Chairman Hysen Çela, Member
Seyhan Pencabligil, Member/CEO
During 2024, the Audit Committee held four meetings.
Galip Tözge, Member
Mert Turgut Çalik, Member
During 2024, the Board of Directors held nine meetings.

RISK COMMITTEE REMUNERATION COMMITTEE

The risk committee assists the Board of Directors The Committee holds functions to advise and make
on the implementation and oversight of an effective recommendations to the Board of Directors in the
risk management framework, approval of primary matter of remuneration and incentives for executive
risk procedures, review of the analysis and reporting and non- executive members of the Board of Directors,
established by management and approval of current the CEO and Executives as per regulation no. 63 “On
and future risk appetite. The risk committee oversees basic principles of management of banks and branches
and reviews, on a comprehensive approach, versus of foreign banks and criteria for approval of their
aspects of the risk management and reviews regularly administrators” by establishing a remuneration policy.
the major risk exposure of the bank including but not
limited to credit risk, market risk, operational risk, Provides its support and advice to the BoD on the design
liquidity risk, and legal risk. etc. of the bank’s remuneration policy;
Reviews periodically the remuneration policies and
Members of Risk Committee practices, in order to reflect the changes in the financial
situation of the bank and shall be responsible for their
Galip Tözge, Chairman implementation.
Serdar Sümer, Member
Ndue Maluta, Member Members of Remuneration Committee

During 2024, the Risk Committee held four meetings. Serdar Sümer, Chairman
Galip Tözge, Member
Mert Turgut Çalik, Member

During 2024, the Remuneration Committee held two meetings.

ANNUAL REPORT 2024 23