Corporate
Governance
At the Turkic Investment Fund (TIF), corporate governance refers to the system of interrelations between the Board of Governors, the Board of Directors, senior management, and other stakeholders. Through this framework, rules and procedures are established to guide corporate actions and
ensure the effective management and control of the Fund’s activities.
TIF’s corporate governance adheres to the following core principles:
- Accountability
- Both executive and corporate bodies are accountable for their decisions and actions.
- Appropriate Composition
- The management bodies are composed of individuals with the right expertise, ensuring effective oversight and decision-making.
- Clear Role and Responsibility Distribution
- Roles and responsibilities are clearly defined among functions and between management levels, promoting clarity and efficiency.
- Decision‑Making Authority
- Responsibilities, decision-making authority, and accountability are clearly assigned and enforced to ensure sound governance.
- Solid Decision‑Making Processes
- Our decision-making processes are well-structured and supported by a robust informational model, ensuring informed decisions.
- Monitoring, Supervision, and Control
- A comprehensive system is in place for the monitoring, supervision, and control of management activities, ensuring alignment with TIF’s objectives
- Balanced Internal Control and Risk Management
- We maintain balanced, efficient internal control and risk management systems to mitigate potential risks and safeguard assets.
- Transparency
- We ensure transparency through appropriate information flows both internally and to the public, promoting trust and accountability.
- High Ethical Standards
- TIF adheres to the highest standards of corporate values, business ethics, and codes of conduct, ensuring ethical behavior in all operations.
Taking into consideration these principles, the corporate governance system of the Fund is designed to promote the achievement of TIF’s objectives and long-term interests. Our governance framework is aligned with our strategic priorities, values, and purposes, ensuring that the Fund’s actions contribute to sustainable development, regional cooperation, and the economic integration of the Turkic States.