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Controls, audit, and disclosure that protect the endowment.
- Internal control system and authority/delegation framework.
- Internal and external audit functions.
- Disclosure and transparency policies.
- Board-led oversight of strategy and risk management.
- Disaster recovery planning and process discipline.
- Policies referenced: equality/non-discrimination, rule of law, separation of duties, internal auditing, and innovation.
The vakıf is established under the Turkish Civil Code (No. 4721) and the Foundations Law (No. 5737), and is registered with the General Directorate of Foundations (Vakıflar Genel Müdürlüğü). Its endowed assets may be used only for the purposes set out in the charter.
The Board of Trustees (Mütevelli Heyeti) is the highest decision-making body under the charter. It sets strategic direction, approves the annual budget and work plan, and elects the Board of Directors.
The Board of Directors (Yönetim Kurulu) manages the vakıf and represents it legally. It implements Board of Trustees decisions and oversees executive management and programs.
The Audit Board (Denetim Kurulu) reviews accounts, spending, and compliance with the charter and law, and reports its findings to the Board of Trustees.
The vakıf keeps its books under Turkish tax and accounting rules, submits annual declarations to the General Directorate of Foundations, and is subject to its inspection.
Conflict-of-interest, data protection (KVKK), anti-money-laundering, and whistleblowing policies, together with separation of duties in purchasing and payments, protect the endowment and beneficiaries.
The foundation charter is the binding reference for the vakıf's organs and their powers.
Controls, audit, and disclosure that protect the endowment.
- Internal control system and authority/delegation framework.
- Internal and external audit functions.
- Disclosure and transparency policies.
- Board-led oversight of strategy and risk management.
- Disaster recovery planning and process discipline.
- Policies referenced: equality/non-discrimination, rule of law, separation of duties, internal auditing, and innovation.
The vakıf is established under the Turkish Civil Code (No. 4721) and the Foundations Law (No. 5737), and is registered with the General Directorate of Foundations (Vakıflar Genel Müdürlüğü). Its endowed assets may be used only for the purposes set out in the charter.
The Board of Trustees (Mütevelli Heyeti) is the highest decision-making body under the charter. It sets strategic direction, approves the annual budget and work plan, and elects the Board of Directors.
The Board of Directors (Yönetim Kurulu) manages the vakıf and represents it legally. It implements Board of Trustees decisions and oversees executive management and programs.
The Audit Board (Denetim Kurulu) reviews accounts, spending, and compliance with the charter and law, and reports its findings to the Board of Trustees.
The vakıf keeps its books under Turkish tax and accounting rules, submits annual declarations to the General Directorate of Foundations, and is subject to its inspection.
Conflict-of-interest, data protection (KVKK), anti-money-laundering, and whistleblowing policies, together with separation of duties in purchasing and payments, protect the endowment and beneficiaries.
The foundation charter is the binding reference for the vakıf's organs and their powers.