Hepsiburada Announces its Board Committees’ Composition and Enhanced Risk Committee Function
Hepsiburada (NASDAQ: HEPS) has announced changes to its Board Committees' composition and enhanced Risk Committee function. Effective September 21, 2024, the Audit Committee includes Tayfun Bayazıt, Ahmet Ashaboğlu, and Stefan Gross-Selbeck. The Risk Committee comprises Ahmet Ashaboğlu, Tayfun Bayazıt, and Tolga Babalı. The Corporate Governance Committee now includes Hikmet Ersek, Ahmet Ashaboğlu, and Tolga Babalı, with Ersek replacing Bayazıt.
The Board has determined that Ersek, Bayazıt, Ashaboğlu, and Gross-Selbeck qualify as independent directors. All Audit Committee members meet independence requirements and are considered financial experts. Starting in 2025, the Risk Committee will function as an Early Detection of Risk Committee, meeting six times annually and reporting to the Board bimonthly.
Hepsiburada (NASDAQ: HEPS) ha annunciato cambiamenti nella composizione dei propri Comitati Direttivi e ha migliorato la funzione del Comitato per i Rischi. A partire dal 21 settembre 2024, il Comitato di Vigilanza include Tayfun Bayazıt, Ahmet Ashaboğlu e Stefan Gross-Selbeck. Il Comitato per i Rischi è composto da Ahmet Ashaboğlu, Tayfun Bayazıt e Tolga Babalı. Il Comitato di Governance Aziendale ora include Hikmet Ersek, Ahmet Ashaboğlu e Tolga Babalı, con Ersek che sostituisce Bayazıt.
Il Consiglio ha determinato che Ersek, Bayazıt, Ashaboğlu e Gross-Selbeck sono qualificati come direttori indipendenti. Tutti i membri del Comitato di Vigilanza soddisfano i requisiti di indipendenza e sono considerati esperti finanziari. A partire dal 2025, il Comitato per i Rischi funzionerà come un Comitato per la Rilevazione Precoce dei Rischi, riunendosi sei volte all'anno e riferendo al Consiglio ogni due mesi.
Hepsiburada (NASDAQ: HEPS) ha anunciado cambios en la composición de sus Comités del Consejo y ha mejorado la función del Comité de Riesgos. A partir del 21 de septiembre de 2024, el Comité de Auditoría incluye a Tayfun Bayazıt, Ahmet Ashaboğlu y Stefan Gross-Selbeck. El Comité de Riesgos está compuesto por Ahmet Ashaboğlu, Tayfun Bayazıt y Tolga Babalı. El Comité de Gobernanza Corporativa ahora incluye a Hikmet Ersek, Ahmet Ashaboğlu y Tolga Babalı, con Ersek reemplazando a Bayazıt.
El Consejo ha determinado que Ersek, Bayazıt, Ashaboğlu y Gross-Selbeck califican como directores independientes. Todos los miembros del Comité de Auditoría cumplen con los requisitos de independencia y se consideran expertos financieros. A partir de 2025, el Comité de Riesgos funcionará como un Comité de Detección Temprana de Riesgos, reuniéndose seis veces al año e informando al Consejo cada dos meses.
헤프시부라다 (NASDAQ: HEPS)는 이사회 위원회의 구성 변경과 리스크 위원회의 기능 강화를 발표했습니다. 2024년 9월 21일부터 감사 위원회는 타이푼 바야짓, 아흐메트 아샤보글루, 그리고 Stefan Gross-Selbeck로 구성됩니다. 리스크 위원회는 아흐메트 아샤보글루, 타이푼 바야짓, 그리고 톨가 바발리로 구성됩니다. 기업 거버넌스 위원회는 이제 히크메트 에르섹, 아흐메트 아샤보글루, 그리고 톨가 바발리로 구성되며, 에르섹이 바야짓을 대신합니다.
이사회는 에르섹, 바야짓, 아샤보글루, 그리고 그로스-셀벡이 독립 이사로 적격하다고 판단했습니다. 모든 감사 위원회 구성원은 독립성 요건을 충족하며 재무 전문가로 간주됩니다. 2025년부터 리스크 위원회는 초기 리스크 발견 위원회로 기능하게 되며, 매년 6회 회의를 개최하고 이사회에 격월로 보고합니다.
Hepsiburada (NASDAQ: HEPS) a annoncé des changements dans la composition de ses comités du conseil et a renforcé la fonction du comité de risque. À partir du 21 septembre 2024, le comité d'audit comprend Tayfun Bayazıt, Ahmet Ashaboğlu et Stefan Gross-Selbeck. Le comité des risques est composé d'Ahmet Ashaboğlu, Tayfun Bayazıt et Tolga Babalı. Le comité de gouvernance d'entreprise comprend désormais Hikmet Ersek, Ahmet Ashaboğlu et Tolga Babalı, Ersek remplaçant Bayazıt.
Le conseil a déterminé qu'Ersek, Bayazıt, Ashaboğlu et Gross-Selbeck sont qualifiés en tant que directeurs indépendants. Tous les membres du comité d'audit répondent aux exigences d'indépendance et sont considérés comme des experts financiers. À partir de 2025, le comité des risques fonctionnera comme un comité de détection précoce des risques, se réunissant six fois par an et rapportant au conseil tous les deux mois.
Hepsiburada (NASDAQ: HEPS) hat Änderungen in der Zusammensetzung seiner Ausschüsse und eine verbesserte Funktion des Risiko-Ausschusses angekündigt. Ab dem 21. September 2024 umfasst der Prüfungsausschuss Tayfun Bayazıt, Ahmet Ashaboğlu und Stefan Gross-Selbeck. Der Risiko-Ausschuss setzt sich aus Ahmet Ashaboğlu, Tayfun Bayazıt und Tolga Babalı zusammen. Der Corporate Governance-Ausschuss umfasst jetzt Hikmet Ersek, Ahmet Ashaboğlu und Tolga Babalı, wobei Ersek Bayazıt ersetzt.
Der Vorstand hat festgestellt, dass Ersek, Bayazıt, Ashaboğlu und Gross-Selbeck als unabhängige Direktoren qualifizieren. Alle Mitglieder des Prüfungsausschusses erfüllen die Unabhängigkeitsanforderungen und gelten als Finanzexperten. Ab 2025 wird der Risiko-Ausschuss als Früherkennungsausschuss für Risiken fungieren, der sich sechs Mal im Jahr trifft und dem Vorstand alle zwei Monate berichtet.
- Board members Ersek, Bayazıt, Ashaboğlu, and Gross-Selbeck qualify as independent directors
- All Audit Committee members meet independence requirements and are considered financial experts
- Enhanced Risk Committee function to start in 2025, increasing meeting frequency and reporting
- None.
ISTANBUL, Sept. 26, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (NASDAQ: HEPS), (“Hepsiburada” or the “Company”), a leading Turkish e-commerce platform, today announced that the Board of Directors (recently appointed by the General Assembly of Shareholders of the Company on September 12, 2024), in accordance with the Turkish Commercial Code, has determined the composition of its Committees and assigned additional functions to its Risk Committee.
Effective September 21, 2024, the Audit Committee, Risk Committee and Corporate Governance Committee of the Board of Directors are composed of the following members:
- Audit Committee: Mr. Tayfun Bayazıt, Mr. Ahmet Ashaboğlu and Mr. Stefan Gross-Selbeck.
- Risk Committee: Mr. Ahmet Ashaboğlu, Mr. Tayfun Bayazıt and Mr. Tolga Babalı.
- Corporate Governance Committee: Mr. Hikmet Ersek, Mr. Ahmet Ashaboğlu and Mr. Tolga Babalı.
Mr. Hikmet Ersek has been appointed as a new member of the Corporate Governance Committee replacing Mr. Tayfun Bayazıt, who will remain a member of the Board of Directors, the Audit Committee and the Risk Committee. The composition of the Committees has remained otherwise unchanged compared to the previous term.
The distribution of duties within the Board of Directors’ Committees, including the assignment of the role of chairperson, will be decided subsequently by each of the Committees.
The Board of Directors has determined that Messrs. Ersek, Bayazıt, Ashaboğlu and Gross-Selbeck qualify as independent directors. The Board of Directors has also determined that all members of the Audit Committee satisfy the audit committee member independence requirements set forth in Rule 10A-3 under the Securities Exchange Act of 1934, as amended, and Nasdaq’s listing rules, and that they are Audit Committee financial experts as defined under the applicable rules of the U.S. Securities and Exchange Commission and Nasdaq’s listing rules. Therefore, all members of the Audit Committee have the required financial literacy and sophistication under Nasdaq’s listing rules.
The Board of Directors has further determined that the Risk Committee will start working as an Early Detection of Risk Committee in accordance with the Turkish Commercial Code effective as of the beginning of calendar year 2025. In this enhanced capacity, the Early Detection of Risk Committee will be expected to convene six times per year (instead of four) and to report to the Board of Directors every two months.
About Hepsiburada
Hepsiburada is a leading e-commerce technology platform in Türkiye, connecting over 66 million members with over 264 million stock keeping units across over 30 product categories. Hepsiburada provides goods and services through its hybrid model combining first-party direct sales (1P model) and a third-party marketplace (3P model) with approximately 101 thousand merchants.
With its vision of leading the digitalization of commerce, Hepsiburada acts as a reliable, innovative and purpose-led companion in consumers’ daily lives. Hepsiburada’s e-commerce platform provides a broad ecosystem of capabilities for merchants and consumers including: last-mile delivery and fulfilment services, advertising services, on-demand grocery delivery services, and payment solutions offered through Hepsipay, Hepsiburada’s payment companion and BNPL solutions provider. HepsiGlobal offers a selection from international merchants through its inbound arm while outbound operations aim to enable merchants in Türkiye to make cross-border sales.
Since its founding in 2000, Hepsiburada has been purpose-led, leveraging its digital capabilities to develop the role of women in the Turkish economy. Hepsiburada started the ‘Technology Empowerment for Women Entrepreneurs’ programme in 2017, which has supported approximately 55 thousand female entrepreneurs throughout Türkiye to reach millions of customers with their products.
Investor Relations Contact
ir@hepsiburada.com
Media Contact
corporatecommunications@hepsiburada.com
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995, and encompasses all statements, other than statements of historical fact contained in this press release. These forward-looking statements can be identified by terminology such as “may,” “could,” “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets,” “likely to” and similar statements. These forward-looking statements are based on management’s current expectations. However, it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors and circumstances that may cause Hepsiburada’s actual results, performance or achievements to be materially different from its expectations expressed or implied by the forward-looking statements, including conditions in the U.S. capital markets, negative global economic conditions, potential negative developments resulting from epidemics or natural disasters, other negative developments in Hepsiburada’s business or unfavorable legislative or regulatory developments. We caution you therefore against relying on these forward-looking statements, and we qualify all of our forward-looking statements by these cautionary statements. For a discussion of additional factors that may affect the outcome of such forward-looking statements, see our 2023 annual report filed with the SEC on Form 20-F on April 30, 2024 (Commission File Number: 001-40553), and in particular the “Risk Factors” section, as well as the other documents filed with or furnished to the SEC by Hepsiburada from time to time. Copies of these filings are available online from the SEC at www.sec.gov, or on the SEC Filings section of our Investor Relations website at https://investors.hepsiburada.com. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. These forward looking statements should not be relied upon as representing Hepsiburada’s views as of any date subsequent to the date of this press release. All forward-looking statements in this press release are based on information currently available to Hepsiburada, and Hepsiburada and its authorized representatives assume no obligation to update these forward-looking statements in light of new information or future events. Accordingly, undue reliance should not be placed upon the forward-looking statements.
FAQ
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