Corporate Governance

The Board of Directors believe that effective governance is core to operating successfully in the global business environment. Genel Energy is committed to the highest standards of corporate governance, standards which are key to maintaining both investor confidence and the integrity of the company.

This approach, coupled with our commitment to operating responsibly, supports us in maintaining the trust of our shareholders and key stakeholders, as well as providing a strong overarching structure for key decision making within the business.

The Independent Non-Executive Directors (Sir Michael Fallon, Canan Ediboğlu, and Yetik K. Mert) are responsible for monitoring management and ensuring that decisions of the board are properly checked and balanced.

The Board has also adopted its own Share Dealing Policy and Procedure. The Board is responsible for taking all proper and reasonable steps to ensure compliance with the Company’s Share Dealing Policy and Procedure.

Code of Conduct

Governance is not just a matter for the Board – a good governance culture must be fostered throughout the organisation. Our expectations of employees and those to whom we contract our business are set out in our Code of Conduct.

The Group Code of Conduct defines what Genel stands for as a company and sets out the principles that guide all of our business activities. Basic principles are to strive for operational excellence and to operate in a responsible, ethical and safe manner with the highest standards of financial reporting, corporate governance, and compliance with all applicable laws. Every officer and employee of the Group has a personal responsibility to comply with the letter and the spirit of the Code, and all personnel are encouraged to raise a concern and report any suspected or known violations of the Code without fear of retaliation.