Corporate Risk Management, established with the aim of identifying uncertainties that may affect the Company, managing the risk-taking profile and providing reasonable assurance to attain corporate objectives, has an effective structure for determining strategies that may be influenced by employees and senior management, and is applied across the company. Triggering causes such as updated business objectives, new arrangements and the requests of shareholders support a realistic risk management.
The Early Risk Detection Committee works to implement necessary measures and to manage risks effectively for the early diagnosis of the situations that may endanger the Company’s existence, development and continuity. The Committee reviews the efficiency of risk management and internal control systems at least once a year, and reports their evaluation reports to the Board every two months, which are also shared with the auditor.
Risks addressed in the probability, potential impact and process categories are classified as financial, operational, strategic, compliance, and external environmental. Within the frame of risk management, risks are monitored based on content by the General Directorate of Financial and Administrative Affairs, and relevant general directorates, and communicated to the Board of Directors, the Audit Committee and Early Risk Detection Committee by the Executive Board.
Doğuş Otomotiv Risk Management Approach
Doğuş Otomotiv Risk Management Approach has been formed to:
Ensure that the Company’s corporate strategy is consistent with risk management;
Create decision-making processes to expand the company’s vision regarding corporate risks to include societal, environmental, economic and ethical risks;
Manage a quality oriented procurement system with a strategic and comprehensive risk approach;
Make sure that commercial legal terms and conditions are applied equally to all parties concerned;
Develop corporate foresight to increase the confidence of shareholders and stakeholders in the Company;
To build structures resistant to all risks and support the habit of intervention in the right time to ensure long-term sustainability;
Create a risk management model that would benefit from opportunities efficiently and proactively.