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 procedures
making and supervision of the BKT Albania and its and internal control of the bank, including the procedures
subsidiaries and also regularly reviews and assesses defined by the Bank of Albania, and supervises the
the governance structures to ensure they are consistent, implementation of these procedures as well as audits the
both in form and in substance, with requirements and best bank accounts and respective registrations. Considers
practices. It approves and controls the implementation
of the policies and strategies of the bank in connection internal audit reports and monitors the way conclusions
with the business plan, risk management and annual from such reports are dealt with. Evaluates the financial
budget, setting out long-term objectives of the bank situation of the bank based on the report of the statutory
and monitoring their realization and effectiveness of auditor. Controls compliance of the activity of the bank
management practices in the bank. Board of Directors with laws and bylaws and notifies the Board of Directors
monitors and supervises implementation of legal and of the bank about the conclusions. etc.
regulatory 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 and
risk procedures, review of the analysis and reporting non- executive members of the Board of Directors, the
established by management and approval of current and CEO and Executives.
future risk appetite. The risk committee oversees and Regulation no. 63 “On basic principles of management
reviews, on a comprehensive approach, versus aspects of banks and branches of foreign banks and criteria
of the risk management and reviews regularly the major for approval of their administrators” by establishing a
risk exposure of the bank including but not limited to remuneration policy.
credit risk, market risk, operational risk, liquidity risk, and
legal risk. etc. Provides its support and advice to the BoD on the design
of the bank’s remuneration policy;
Members of Risk Committee Reviews periodically the remuneration policies and
Galip Tözge, Chairman practices, in order to reflect the changes in the financial
Serdar Sümer, Member situation of the bank and shall be responsible for their
implementation.
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