BIRLESIM_2021_ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2021 ANNUAL REPORT 130 FINANCIAL INFORMATION AND ASSESSMENT ON RISK MANAGEMENT The Company manages its operations in a transparent, accountable, fair and responsible manner. Board of Directors started to work on establishing an Internal Audit Department to detect and prevent risks which have impacts on business flows including risk management, information systems and processes and which may affect the Company’s stakeholders. The Company receives external professional support for this. Furthermore, Early Detection of Risk Committee was established within the scope of corporate governance applications. The Committee is responsible for early detection of all types of risks which may put the Company’s existence, development and sustainability into danger, such as strategic, operational, financial, compliance and other risks, for taking measures and actions as necessary and for conducting and coordinating activities with the objective of management and review of risks and for reporting them to the Board of Directors. Since our Company’s stocks started to be traded at the market on 20 August 2021, the Early Detection of Risk Committee prepared and submitted to Board of Directors 2 reports in 2021. CHANGES IN ARTICLES OF ASSOCIATION DURING THE PERIOD At the Extraordinary General Assembly meeting on 11 February 2021, a decision was taken to increase the Company’s capital which is TL 11,000,000 to 80,000,000 from internal resources, thus Article 6 was changed and the change was published at the Trade Registry Gazette dated 16 February 2021. The Company adopted the registered capital system at the General Assembly dated 1 January 2021, in accordance with authorization of Capital Market Board numbered 6552, dated 25 May 2021 and authorization of Ministry of Trade Domestic Trade Directorate numbered 64338183 dated 1 June 2021. Accordingly, the Articles of Association was amended to comply with regulations of Capital Market Board and objectives and principles of Capital Market Law. Registered capital ceiling of the Company at the registered capital system is TL 300,000,000. The Company’s issued capital was increased to TL 102,000,000 after public offering and the capital article of the Articles of Association was registered to Trade Registry on 20 September 2021. CORPORATE RISK MANAGEMENT PRACTICES