The purpose of our remuneration policy is to define our remuneration system and the policies to be applied to our Board members and senior management who have supervisory or management responsibilities, pursuant to Corporate Governance Communiqué and other relevant capital markets regulations.
Pursuant to our Remuneration Policy, remuneration is to be paid to the members of the Board as determined on a monthly and gross basis by taking into consideration the opinion of the relevant committee and submitted for the approval of the General Assembly. Remuneration of the independent Board members should be at a level as to maintain their independence and dividends, share options or performance based payment plans of the Company shall not be used for the remuneration of independent board members.
Pursuant to our Remuneration Policy, remuneration of our senior management consists of a base (fixed) payment and additional benefits and flexible performance based payments. The main objective of flexible remuneration is to encourage high performance among our employees and to have a target oriented performance culture at our Company in order to support our senior management in realizing or exceeding their performance objectives.