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Each shareholder shall be entitled to a number of votes equal to
the number of shares owned by him. Attendance by proxy shall
be allowed. Corporate shareholders shall be represented by
those duly authorized on their behalf.
The Banking Regulatory and Supervisory Agency will be
informed of the meeting and the agenda thereof.
Before proceeding with the meeting, a list of the attending
shareholders shall be made. It will be indicated on this
attendance list whether they are acting on their own behalf or as
proxies and the number of shares they own or represent.
Voting will be by show of hands, except in those cases where
one- tenth of the shareholders present or represented by a
proxy request that it be by secret ballot.
The General Meeting may be held at the head office of the Bank
or elsewhere inside or outside Turkey.
The General meeting is declared open by the Chairman of the
Board of Directors or in his absence, by another member of
the Board. The meeting is conducted by a Chairman elected
by the General Meeting. The Chairman constitutes the council
for the meeting by designating a secretary and vote collector.
The meeting will be conducted in accordance with the internal
regulation prepared by the Board of Directors and approved by
the General Meeting containing the principles and procedures
for the functioning of the General Meeting. It is sufficient that
the minutes be signed by the Chairman of the Meeting, the
secretary, the vote collector and the representative of the
Ministry of Customs and Trade.
ARTICLE 19- ORDINARY AND EXTRAORDINARY
GENERAL MEETING
Ordinary and extraordinary General Meetings are held in
accordance with the Turkish Commercial Code and the banking
legislation.
The ordinary General Meeting shall be held at least once each
year within the three months following the close of the financial
year.
At this meeting the items placed on the agenda by the Board
of Directors taking into consideration provisions of the Turkish
Commercial Code and other relevant legislation are discussed
and resolved upon.
The Board of Directors may call an Extraordinary General
Meeting whenever they deem it necessary or advisable for
the benefit of the Bank. They shall likewise call it whenever a
number of shareholders representing at least one tenth of the
Voting will be in public, except in those cases where one- tenth
of the shareholders present or represented by a proxy request
that it may be by secret ballot and the General Meeting so
agrees.
At each sitting of the General Meeting the minutes detailing all
that took place will be written up in the minute book.
The General Meeting may be held at the head office of the Bank
or elsewhere inside or outside Turkey.
ARTICLE 19- ORDINARY AND EXTRAORDINARY
GENERAL MEETING
The ordinary General Meeting shall be held at least once each
year within the three months following the close of the financial
year.
The following items shall be included in the agenda of such
meeting:
1- Reading Reports of Board of Directors and statutory
auditors,
2- Approval, rejection or alteration of the balance sheet,
profit and loss statement, proposals for distribution of
profits,
3- Determination, remuneration of members of the Board of
Directors and statutory auditors,
Amendments to the Articles of Association