Donation and Aid Policy

Article 1: Scope and Legal Basis

This hereby policy determines the principles regarding donations and aids to be made by Adm Elektrik Dağıtım A.Ş. (“Company”).

 

This policy has been prepared by taking into account the provisions of the Capital Markets Law No. 6362 (the "CML"), the Turkish Commercial Code No. 6102 (the "TCC"), the regulations of the Capital Markets Board of the Republic of Turkey (the "CMB") and the provisions of the Company's Articles of Association (the "Articles of Association").

 

Article 2: Purpose

Within the scope of its social and corporate responsibility, and by responding to the social needs and contributing to the country's future and development, the Company has adopted a donations policy for the purposes of determining the principles and rules for supporting and promoting via donations various activities of public interest in fields such as education, health, culture, arts, law, scientific research, environmental protection, sports, participation of disabled persons in social life, entrepreneurship, technology, communication and alike, and also for managing the donation procedures, determining the information and reporting requirements and responsibilities relating thereto.

 

The main purposes of the aids and donations consist of the fulfilment of social responsibilities, creating social responsibility among our shareholders and employees and responding to social needs and serving public benefits. For these purposes, we also provide support to projects that will contribute to social development.

 

Article 3: Donation Principles:

Within the scope of its social and corporate responsibility, and by responding to the social needs and contributing to the country's future and development, the Company has adopted a donations policy for the purposes of determining the principles and rules for supporting and promoting via donations various activities of public interest in fields such as education, health, culture, arts, law, scientific research, environmental protection, sports, participation of disabled persons in social life, entrepreneurship, technology, communication and alike, and also for managing the donation procedures, determining the information and reporting requirements and responsibilities relating thereto. The main purposes of the aids and donations consist of the fulfilment of social responsibilities, creating social responsibility among our shareholders and employees and responding to social needs and serving public benefits. For these purposes, we also provide support to projects that will contribute to social development.

 

All donations and aids shall be made in compliance with the vision, mission and policies of the Company and taking into consideration the ethical rules and values of the Company as well as the Company's annual budget allowances. Donations and aids may be in cash or in kind.

 

When determining the form and amount of the donations and the institutions, organizations and persons to whom the donation shall be made, compliance with the Company's corporate and social responsibility policies shall be observed. Donations may be made to universities, educational institutions, foundations, public benefit associations and other associations as well as persons and institutions of a similar nature, and all kinds of institutions, organizations and persons, including nongovernmental organizations.

 

Concerning the amount of donations; donations exceeding the following limits shall be subject to the approval of the Board of Directors in any case.

  • In case the donations and aids made by the company are at least 1% or more of the last balance sheet asset total, or if the total donations and aids below 1% reach at least 1% of the last balance sheet asset total.