Corporate Management

The Board provides leadership within the framework of prudent and effective controls. The Board of Directors is generally responsible for managing the corporate governance values, strategic objectives, business plan and strategy, financial and operational resources of Gersan Elektrik and reviewing the management of its businesses.

The Board follows internal guidance on the delegation of authority and division of responsibilities between executive and independent directors. This guidance covers, among other things, the processes the Board employs to carry out its duties and activities, the matters the Board reserves for its own evaluation and decision-making, and the authority it delegates to other parties or committees, including any limitations thereon.