1.1.3. Auditing Committee
Members of the Auditing Committee are elected as follows: one member by the shareholder of class (A), two members by the shareholders of classes (B) and (C) and one member by the shareholders of class (D).(1)
Members of the Auditing Committee serve a two-year term of office. The Auditing Committee supervises all the Bank’s operations and accounts. The Auditing Committee, which has no administrative power, submits its evaluations to the Board in writing and presents a copy to the Prime Ministry thereof. At the end of each year, the Committee prepares a report on the Bank’s operations and accounts and submits it to the General Assembly.
At the regular General Assembly meeting of the CBRT held on 9 April 2013, the members of the Auditing Committee, whose terms of office were to expire at the end of 30 April 2013, were re-elected. Thus, Yasin Aydın was re-elected by shareholders of class (A); Ahmet Fethi Toptaş by the shareholders of classes (B) and (C) and Mustafa Saim Uysal by shareholders of class (D) as members of the Auditing Committee for a term of office from 1 May 2013 until the end of 30 April 2015.
As of 31 December 2013 the members of the Auditing Committee are: Mustafa Saim Uysal, Prof. Dr. Hasan Türedi, Yasin Aydın and Ahmet Fethi Toptaş.
(1)Article 23 of the CBRT Law has been amended by Law No.6456 dated 3 April 2013. This amendment stipulates that the Auditing Committee shall be composed of four members elected by the General Assembly and that the Auditing Committee members holding office on the date that the amendment took effect (1 May 2013) shall continue to serve until their terms of office expire.