CORPORATE GOVERNANCE

Vestel Elektronik Sanayi ve Ticaret AŞ and Vestel Beyaz Eşya Sanayi ve Ticaret AŞ carry out all their activities in compliance with the relevant legal regulations and the “Corporate Governance Principles” of the Capital Markets Board of Turkey. Both companies have complied with all of the mandatory principles included in the annex of the Corporate Governance Communiqué (II-17.1) of the Capital Markets Board of Turkey and have also adopted the majority of the non-mandatory principles. Aware of the positive contributions that adoption of the Corporate Governance Principles bring to the companies, both Vestel Elektronik Sanayi ve Ticaret AŞ and Vestel Beyaz Eşya Sanayi ve Ticaret AŞ continue their efforts to further improve their compliance with the Corporate Governance Principles and to comply with the non-mandatory principles that are not yet implemented.

In order to have an independent evaluation of the Company’s corporate governance practices and share the results with the public, Vestel Elektronik has been obtaining corporate governance rating services for the past fourteen years and the Company’s Corporate Governance Rating was confirmed as 9.63 (96.34 percent) as of February 19, 2021.

Detailed information on the corporate governance activities of Vestel Elektronik and Vestel Beyaz Eşya can be found in the links below.