Doğuş Holding
It is the mission of Doğuş Holding to fulfill steering, coordination, control and audit functions, as well as to generate value for the Group and its companies, monitor the activities of the Group companies on behalf of the shareholders, and perform the financial audit and administer control systems. Doğuş Holding aims to create competitive companies that put regional growth at the focal point of their operations.
In the management of its subsidiaries, the Doğuş Holding is committed to these basic responsibilities:
- Updating the Group’s strategy along the lines of the changing investment climate and steering Group companies in line with the predetermined strategy,
- Ensuring generation of sufficient financial resources to realize the Group’s long-term vision, and their optimum utilization,
- Formulating and managing corporate initiatives so as to enable the Group to adapt in the quickest manner possible to the developing and evolving business environment,
- Leading the creation and management of strategic alliances and corporate partnerships,
- Providing communication among the Group companies and identifying opportunities that will result in synergy,
- Coordinating and consolidating the financial and corporate reporting of the Group companies,
- Ensuring optimum use of technology, knowledge and human resources across the Group,
- Formulating and maintaining corporate values and communicating them within and outside the Group,
- Instilling an awareness of social responsibility and corporate citizenship,
- Implementing ERM-Enterprise Risk Management approach to assure that the business risks undertaken by the group companies are in compliance with the shareholders’ risk appetite.
HOLDING FUNCTIONS
Doğuş Corporate Communications
Doğuş Corporate Communications is responsible for the Doğuş Group’s reputation management through the means of strategic communications tools, media relations, social responsibility projects and sponsorship activities. The Department is also responsible for the coordination of the internal communications among the Doğuş Group companies.
Doğuş Strategy
Doğuş Strategy is responsible for determining short, medium and long-term business strategies in line with the Doğuş Group’s vision. It manages business development projects and seeks investment opportunities to create competitive advantage to the Doğuş Group. It administers research and constantly analyzes global and domestic changes to sharpen the Group’s strategic action capability. The Department also establishes and coordinates Group-wide initiatives to enhance corporate development within the Group.
Finance
The Finance Department is responsible for relations with local and foreign financial institutions, parallel to the financing needs of Doğuş Holding and other Group companies (excluding the finance sector), cash flow and asset management, coordination of market risks as well as rating process management, and project finance requirements of non-financial segment of the Doğuş Group.
Human Resources
The Human Resources Department is responsible for the management of Doğuş Holding human resources processes in line with corporate values and strategies. The basic activities of Human Resources Department are; search and selection, training and development, organizational development, employee relations, compensation and benefits administration, performance management and improvement systems. The Department is also responsible for establishing the communication platform among the other Doğuş Group companies and providing human resources consultancy services for non-Garanti branded companies of the Doğuş Group.
Risk Management
The Risk Management Department is accountable for running Enterprise Risk Management for the Group companies which intends to identify risks and initiate and/or follow up the mitigating actions. The Department focuses on risks that may have a direct or indirect effect on the shareholders’ assets. Areas such as regular operations, business strategies, new business investment alternatives, legal issues and finance related matters fall under the scope of the Department. Risk management practice has been implemented in late 2006. During the year of 2007, significant progress has been made on risk identification and assessments. Mitigating controls and action plans are being designed and developed continuously. Throughout the fiscal year, the department regularly reports to the CEO, the Risk Committee and the Board where risks, causes and potential effects and action plans are discussed.
Internal Audit and Financial Reporting
The Internal Audit unit of the Department is responsible for the performance of financial, operational and IT audits at Doğuş Group companies in accordance with its annual risk-based audit plan. The Financial Reporting unit on the other hand, is responsible for the preparation of the consolidated financial statements, management reports, and projections in accordance with International Financial Reporting Standards and monitoring and reporting of deviations from business line budgets.
Legal Affairs
The Legal Affairs is responsible for the legal representation of Doğuş Holding and other Group companies under its responsibility, and for ensuring that all kinds of contracts and legal processes are handled in line with the company’s best interests and with no legal risk.
Financial Affairs and IT
The Financial Affairs and IT Department is responsible for assistance and support services under information technologies and financial transactions for the Doğuş Group, its tax liabilities, as well as the subsidiary relations and its financial activity compliance.