Page 24 - Aygaz-Sustainability-Report-2021
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22      CORPORATE GOVERNANCE AND BUSINESS ETHICS






            Corporate Governance and Business Ethics








            We carry out all our                             There is a steadily growing need for effective corporate governance
            operations and activities                        mechanisms to improve governance, manage organizations
                                                             better by identifying financial and non-financial risks, and gain
            in line with the ethical                         more reliability and reputation in financial and capital markets. At

            principles that apply to the                     Aygaz, we comply with international standards through Corporate
                                                             Governance Principles, create sustainable shareholder value, secure
            Aygaz culture and values                         funding from foreign markets, and achieve consistent growth.
            and adopt transparency as a                      We also contribute to sustainable transformation at Aygaz by
                                                             establishing transparent, traceable and integrated management
            core principle.                                  systems and deliver value for our stakeholders. As a result of
                                                             evaluations by SAHA Kurumsal Yönetim ve Kredi Derecelendirme
                                                             Hizmetleri A.Ş., providing corporate governance rating services
                                                             under license from the Capital Markets Board (CMB), Aygaz’s
                                                             Corporate Governance Rating, which was determined as 9.42 in
                                                             2020, was upgraded to 9.50 in 2021. Publishing the “Donations and
                                                             Sponsorship Policy” in 2021 was a key contributing factor to the
                                                             increase in our Corporate Governance Rating Score.

                                                             Please click to access Aygaz Donations and Sponsorship Policy.

                                                             We carry out all our operations and activities in line with the ethical
                                                             principles that apply to the Aygaz culture and values, and adopt
                                                             transparency as a core principle. To ensure that ethical values are
                                                             extended to all employees and passed onto the next generations,
                                                             Aygaz published its “Code of Ethics and Implementation Principles”
                                                             in written form in 2010 and the Code of Ethics and Implementation
                                                             Principles Policy in 2018. The Ethics Committee, established to
                                                             better evaluate any violations and ensure alignment of practices, is
                                                             composed of the General Manager, senior executives, Chief Human
                                                             Resources Director, and Legal and Compliance Director. The “Code
                                                             of Ethics and Implementation Principles” booklet is provided to
                                                             all the employees, including the newly recruited ones. We also
                                                             deliver ethics training during the recruitment and onboarding




              9.50











               The Corporate Governance Rating Score in 2021
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