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English
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oda_CorporateComplianceReportAbstract|
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Evet (Yes)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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06.03.2023
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oda_ExplanationSection|
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Pegasus Corporate Governance Compliance Report (URF) is updated to reflect several developments in the first quarter of 2023,
in accordance with the decision of the Capital Markets Board dated January 10, 2019 and numbered 2/49. The Company's compliance status did not change. Explanations were updated for 16 principles, in line with the publication of our 2022 Annual Report on March 6, 2023 and the Annual General Assembly Meeting held on March 30, 2023.
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[]
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[]
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Company Compliance Status
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Explanation
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|||||||||||||
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Yes
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Partial
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No
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Exempted
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Not Applicable
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oda_CorporateComplianceReportAbstract|
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oda_FacilitatingTheExerciseOfShareholdersRightsAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheInvestorRelationsDepartmentEnsuresThatInformationAffectingTheExercisingOfShareholdersRightsIsAvailableAndUpToDateOnTheCorporateWebsite|http://www.xbrl.org/2003/role/verboseLabel
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oda_RightToObtainInformationAndToExamineAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_ManagementDidNotEnterIntoAnyTransactionThatWouldComplicateTheConductOfSpecialAudit|http://www.xbrl.org/2003/role/verboseLabel
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oda_GeneralAssemblyAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheCompanyEnsuresTheClarityOfTheGeneralAssemblyAgendaAndThatAnItemOnTheAgendaDoesNotCoverMultipleTopics|http://www.xbrl.org/2003/role/verboseLabel
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X
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Pegasus ensured that the discussion items for the Annual General Assembly meeting held in 2023 were clearly addressed in the meeting agenda. Accordingly, only one proposal was voted under each agenda item.
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oda_InsidersWithPriviledgedInformationHaveInformedTheBoardOfDirectorsAboutTransactionsConductedOnTheirBehalfWithinTheScopeOfTheCorporationsActivitiesAndRequestedToHaveThemAddedToTheAgendaOfTheGeneralShareholderMeeting|http://www.xbrl.org/2003/role/verboseLabel
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X
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Duties assumed elsewhere by nominees for Pegasus Board of Directors were disclosed in the Information Document for the Annual General Assembly meeting held in 2023. There are no further transactions that required separate disclosure at the General Assembly meeting.
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oda_TheBoardOfDirectorsIAuditorsIAndPersonsConcernedWithSignificantAgendaItemsAndThePreparationOfFinancialStatementsIWerePresentAtTheGeneralAssemblyMeeting|http://www.xbrl.org/2003/role/verboseLabel
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X
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A Board Member representing the Board of Directors, Pegasus CEO, CFO, and responsible partner representing the Independent Auditor attended the Annual General Assembly Meeting held on March 30, 2023.
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oda_TheGeneralAssemblyAgendaIncludesASeparateItemDetailingTheAmountsAndBeneficiariesOfAllDonationsAndContributions|http://www.xbrl.org/2003/role/verboseLabel
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X
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Donations and charitable contributions were discussed as a separate item on the agenda for the Annual General Assembly meeting held on March 30, 2023. Shareholders were informed of the total donations made in the relevant year, the recipients and that these were in line with the Pegasus Donations and Charitable Contributions Policy. Detailed information on beneficiaries was not provided as none of the donations made in the period breached the policy or otherwise resulted in a related party transaction.
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oda_TheGeneralAssemblyMeetingWasOpenToStakeholdersIncludingTheMedia|http://www.xbrl.org/2003/role/verboseLabel
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X
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Pegasus recognizes the principle of having all stakeholders and media attend General Assembly meetings as observers in Article 17/1/e of the Articles of Associations and re-extended the invitation to these parties in the call for the General Assembly meeting held on March 30, 2023.
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oda_VotingRightsAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_ThereIsNoRestrictionPreventingShareholdersFromExercisingTheirShareholderRights|http://www.xbrl.org/2003/role/verboseLabel
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X
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Pegasus Articles of Association do not restrict voting rights of our shareholders. The shareholders were not required to deposit their shares to attend the Annual General Assembly meeting held on March 30, 2023 and they were allowed to participate in person/by proxy and on location and electronically.
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oda_TheCompanyDoesNotHaveSharesThatCarryPriviledgedVotingRights|http://www.xbrl.org/2003/role/verboseLabel
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oda_TheCompanyWithholdsFromExercisingItsVotingRightsAtTheAGMOfAnyCompanyWithWhichItHasCrossOwnershipInCaseSuchCrossOwnershipProvidesManagementControl|http://www.xbrl.org/2003/role/verboseLabel
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oda_MinorityRightsAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheCompanyPaysMaximumDiligenceToExerciseOfMinorityRights|http://www.xbrl.org/2003/role/verboseLabel
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oda_TheArticlesOfAssociationExtendsTheUseOfMinorityRightsToThoseWhoOwnLessThanOneTwenthiethOfTheOutstandingSharesAndExpandsTheScopeOfTheMinorityRights|http://www.xbrl.org/2003/role/verboseLabel
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oda_DividendRightAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheDividendPolicyApprovedByTheGSMIsPostedOnTheWebsite|http://www.xbrl.org/2003/role/verboseLabel
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oda_TheDividendDistributionPolicyComprisesTheMinimumInformationToEnsureThatTheShareholdersCanHaveAnOpinionOnTheProcedureAndPrinciplesOfDividendDistributionsInTheFuture|http://www.xbrl.org/2003/role/verboseLabel
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oda_TheReasonsForRetainingEarningsAndTheirAllocationsAreStatedInTheRelevantAgendaItem|http://www.xbrl.org/2003/role/verboseLabel
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X
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Shareholders were informed by the Information Document for the Annual General Assembly meeting held in 2023 on the use of the Company's net profit for the year 2022 to set off the accummulated previous years' losses, in accordance with the Turkish Financial Reporting Standards and Turkish Tax Procedure Law No. 213.
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oda_TheBoardReviewedWhetherTheDividendPolicyBalancesTheBenefitsOfTheShareholdersAndThoseOfTheCcompany|http://www.xbrl.org/2003/role/verboseLabel
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oda_TransferOfSharesAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_ThereAreNoRestrictionsPreventingSharesFromBeingTransferred|http://www.xbrl.org/2003/role/verboseLabel
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oda_CorporateWebsiteAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheWebsiteIncludesAllElementsListedIn211|http://www.xbrl.org/2003/role/verboseLabel
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oda_TheShareholdingStructureIsUpdatedOnTheWebsiteAtLeastEverySixMonths|http://www.xbrl.org/2003/role/verboseLabel
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oda_AllContentOfTheWebsiteIsAlsoAvailableInLanguagesOtherThanTurkish|http://www.xbrl.org/2003/role/verboseLabel
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oda_AnnualReportAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheBoardOfDirectorsEnsuresThatTheAnnualReportRepresentsATrueAndCompleteViewOfTheCompanysActivities|http://www.xbrl.org/2003/role/verboseLabel
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oda_TheAnnualReportIncludesAllTheElementsListedIn222|http://www.xbrl.org/2003/role/verboseLabel
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X
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The content described in principle no. 2.2.2 has been covered in in the relevant sections of the Pegasus 2022 Annual Report.
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oda_CorporationsPolicyOnStakeholdersAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheCompanyHasAdoptedPoliciesEnsuringStakeholderRightsAreRespected|http://www.xbrl.org/2003/role/verboseLabel
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oda_PoliciesOrProceduresAdressingStakeholdersRightsArePublishedOnTheCompanysWebsite|http://www.xbrl.org/2003/role/verboseLabel
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oda_AWhistleblowingProgramIsInPlaceForReportingLegalAndEthicalIssues|http://www.xbrl.org/2003/role/verboseLabel
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oda_TheCompanyAddressesConflictsOfInterestAmongStakeholdersInABalancedMannerItsBoardMembersOrExecutivesItsBoardMembersOrExecutives|http://www.xbrl.org/2003/role/verboseLabel
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oda_SupportingTheParticipationOfTheStakeholdersInTheCorporationsManagementAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheArticlesOfAssociationOrTheInternalRegulationsFrameTheParticipationOfEmployeesInManagement|http://www.xbrl.org/2003/role/verboseLabel
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oda_AStakeholderSurveyConsultationIsConductedOnSignificantDecisionsAffectingThem|http://www.xbrl.org/2003/role/verboseLabel
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oda_HRPolicyAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheCompanyHasAdoptedAnEmploymentPolicyEnsuringEqualOpportunitiesAndASuccessionPlanForAllKeyManagerialPositions|http://www.xbrl.org/2003/role/verboseLabel
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oda_RecruitmentCriteriaAreDocumented|http://www.xbrl.org/2003/role/verboseLabel
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oda_TheCompanyHasAPolicyOnHRDevelopmentAndOrganizesTrainingsForEmployees|http://www.xbrl.org/2003/role/verboseLabel
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oda_MeetingsHaveBeenOrganisedToInformEmployeesOnTheFinancialStatusOfTheCompanyRemunerationCareerPlanningEducationAndHealth|http://www.xbrl.org/2003/role/verboseLabel
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X
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In 2022, frequent meetings were held with the attendance of a wide group of participation from our staff.
|
|||||||
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oda_EmployeesIOrTheirRepresentativesAreNotifiedOfDecisionsmpactingThemTheirOpinionIsAlsoSought|http://www.xbrl.org/2003/role/verboseLabel
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oda_JobDescriptionsAndPerformanceCriteriaAreElaboratedForAllEmployeesAndUsedToDetermineEmployeeRemuneration|http://www.xbrl.org/2003/role/verboseLabel
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oda_MeasuresProceduresTrainingsRaisingAwarenessGoalsMonitoringComplaintMechanismsHaveBeenTakenToPreventDiscriminationAndToProtectEmployeesAgainstAnyPhysicalSpiritualAndEmotionalMistreatment|http://www.xbrl.org/2003/role/verboseLabel
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oda_TheCorporationEnsuresFreedomOfAssociationAndSupportsTheRightForCollectiveBargaining|http://www.xbrl.org/2003/role/verboseLabel
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oda_ASafeWorkingEnvironmentForEmployeesIsMaintained|http://www.xbrl.org/2003/role/verboseLabel
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oda_RelationsWithCustomersAndSuppliersAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheCorporationAssessItsCustomerSatifactionAndOperatesToEnsureFullCustomerSatisfaction|http://www.xbrl.org/2003/role/verboseLabel
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oda_CustomersAreNotifiedOfAnyDelaysInHandlingTheirRequests|http://www.xbrl.org/2003/role/verboseLabel
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oda_TheCompanyAdheresToGoodsAndServicesQualityStandardsOrNormsAndEnsuresThatItCompliesWithThemToPreserveTheirStandards|http://www.xbrl.org/2003/role/verboseLabel
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oda_TheCorporationHasAdequateControlsProtectingTheConfidentialityOfTheCommercialSecretOfTheCustomersAndSuppliers|http://www.xbrl.org/2003/role/verboseLabel
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oda_EthicalRulesAndSocialResponsibilityAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheBoardOfTheCorporationHasAdoptedACodeOfEthicsDisclosedOnTheCorporateWebsite|http://www.xbrl.org/2003/role/verboseLabel
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oda_TheCompanyHasAdoptedMeasuresToPreventCorruptionAndBribery|http://www.xbrl.org/2003/role/verboseLabel
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oda_FunctionOfTheBoardOfDirectorsAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheBoardOfDirectorsEnsuresStrategyAndRisksAreNotThreateningTheLongTermBenefitsOfTheCorporationAndThatEffectiveRiskManagementIsInPlace|http://www.xbrl.org/2003/role/verboseLabel
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oda_TheAgendaAndMinutesOfBoardMeetingsIndicateThatTheBoardOfDirectorsDiscussesAndApprovesStrategyEnsuresAdequateRessourcesAreAllocatedAndMonitorsCorporateAndManagementPerformance|http://www.xbrl.org/2003/role/verboseLabel
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oda_PrinciplesOfActivityOfTheBoardOfDirectorsAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheBoardOfDirectorsDocumentsItsMeetingsAndReportsItsActivitiesToTheShareholders|http://www.xbrl.org/2003/role/verboseLabel
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X
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The Board of Directors reported its activities in 2022 through the Interim and Annual Reports published for the relevant period. The reports include information on the number of meetings held by the Board and each Board Committee and an overview of their work.
|
|||||||
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oda_DutiesAndAuthoritiesOfTheMembersOfTheBoardOfDirectorsAreDisclosedInTheAnnualReport|http://www.xbrl.org/2003/role/verboseLabel
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X
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Sections 1/F and 1/H of the Annual Report published in 2023 indicate responsibility of the members of the Board of Directors, with information on Chairperson, Vice-Chairperson and Committee duties, and whether the Board member acts as an executive or a non-executive or an independent director.
|
|||||||
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oda_TheBoardEnsuresTheCorporationHasAnInternalControlFrameworkAdequateForItsActivitiesSizeAndComplexity|http://www.xbrl.org/2003/role/verboseLabel
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oda_InformationOnTheFunctioningAndEffectivenessOfTheInternalControlSystemIsProvidedInTheAnnualReport|http://www.xbrl.org/2003/role/verboseLabel
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X
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Section 4/C of the Annual Report published in 2023 provide information on the operation of internal controls at Pegasus.
|
|||||||
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oda_TheFunctionsOfTheChairmanAndChiefExecutiveAreSeparatedAndDefined|http://www.xbrl.org/2003/role/verboseLabel
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oda_TheBoardOfDirectorsEnsuresThatTheInvestorRelationsDepartmentAndTheCorporateGovernanceCommitteeWorkEffectivelyAndItLiaiseWithThemWhenCommunicatingAndSettlingDisputesWithShareholders|http://www.xbrl.org/2003/role/verboseLabel
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oda_TheCompanyHasSuscribedToADOInsuranceCoveringAnAmountGreaterThanTwentyFivePercentOfTheCapital|http://www.xbrl.org/2003/role/verboseLabel
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oda_StructureOfTheBoardOfDirectorsAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheBoardOfDirectorsHasApprovedThePolicyOnItsOwnCompositionISettingAMinimalTargetOfTwnetyFivePercentForFemaleDirectorsTheBoardAnnuallyEvaluatesItsCompositionAndNominatesDirectorsSoAsToBeCompliantWithThePolicy|http://www.xbrl.org/2003/role/verboseLabel
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oda_AtLeastOneMemberOfTheAuditCommitteeHas5YearsOfExperienceInAuditAccountingAndFinance|http://www.xbrl.org/2003/role/verboseLabel
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oda_ProcedureOfBoardOfDirectorsMeetingsAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_EachBoardMemberAttendsInPersonTheMajorityOfTheBoardMeetings|http://www.xbrl.org/2003/role/verboseLabel
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oda_TheBoardHasFormallyApprovedAMinimumTimeByWhichInformationAndDocumentsRelevantToTheAgendaItemsShouldBeSuppliedToAllBoardMembers|http://www.xbrl.org/2003/role/verboseLabel
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oda_BoardMembersSubmitTheirOpinionInWritingIfUnableToAttendTheBoardMeeting|http://www.xbrl.org/2003/role/verboseLabel
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oda_EachMemberOfTheBoardHasOneVote|http://www.xbrl.org/2003/role/verboseLabel
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oda_TheBoardOfDirectorsHasACharterTermsOfReferenceDefiningItsWorkingProcedures|http://www.xbrl.org/2003/role/verboseLabel
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oda_BoardMinutesDocumentThatAllItemsOnTheAgendaAreDiscussedAndBoardResolutionsIncludeDirectorsDissentingOpinionsIfAny|http://www.xbrl.org/2003/role/verboseLabel
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oda_ThereAreLimitsToExternalCommitmentsOfBoardMembersIAndShareholdersAreInformedOfBoardMembersExternalCommitmentsAtTheGSM|http://www.xbrl.org/2003/role/verboseLabel
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|||||||
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oda_BoardCommitteesAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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|||||||||||||
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oda_BoardMembersServeInOnlyOneOfTheBoardsCommittees|http://www.xbrl.org/2003/role/verboseLabel
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X
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Pegasus Board of Directors is composed of eight members and operates with three Committees. Of our Board members, currently three are independent Board members and six are non-executive Board members. For this reason, some of our independent/non-executive Board members have appointments in more than one Board Committee. Nevertheless; a Board member can act as the chairperson of a single Committee. Pegasus believes that the current distribution of duties does not have any negative impact on Committee operations and performance. Therefore, Pegasus does not plan for any changes in its current practice in 2023.
|
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oda_CommitteesMayInvitePersonsToTheMeetingsAsDeemedNecessaryToObtainTheirViews|http://www.xbrl.org/2003/role/verboseLabel
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|||||||
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oda_IfExternalConsultancyServicesAreUsedTheIndependenceOfTheProviderIsStatedInTheAnnualReport|http://www.xbrl.org/2003/role/verboseLabel
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X
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Pegasus acts prudently to prevent any conflict of interests with the entities providing services such as investment advice and rating services. Section 1/G of the Pegasus Annual Report published in 2023 indicated that there were no transactions in the relevant period to report that gave rise to a conflict of interest in this regard.
|
|||||||
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oda_MinutesOfAllCommitteeMeetingsAreKeptAndReportedToBoardMembers|http://www.xbrl.org/2003/role/verboseLabel
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|||||||
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oda_FinancialRightsAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheBoardOfDirectorsSelfAssessedItsWorkToEnsureItDischargesEffectivelyAllItsResponsibilities|http://www.xbrl.org/2003/role/verboseLabel
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|||||||
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oda_TheCompanyDoesNotLoanMoneyIMakeCreditAvailableIEnlargeTheTermOfTheMoneyLoanedOrCreditImproveConditionsMakeCreditAvailableViaAThirdPartyAsAPersonalCreditOrGrantSecuritiesSuchAsSuretyToAnyOfItsBoardMembersOrExecutives|http://www.xbrl.org/2003/role/verboseLabel
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X
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Section 2 of the Pegasus 2023 Annual Report published indicates that there are no loans or security extended by Pegasus for the benefit of the members of the Board of Directors or senior management.
|
|||||||
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oda_TheIndividualRemunerationOfBoardMembersAndExecutivesIsDisclosedInTheAnnualReportnewItem|http://www.xbrl.org/2003/role/verboseLabel
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X
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Pegasus discloses payments made to the members of the Board of Directors and senior management in two groups in its annual financial reports. Pegasus does not disclose senior management compensation on a personal basis considering the similar position of other companies trading on the BIST and to protect its competitive interests. Pegasus believes that consolidated disclosure does not have any negative impact on corporate governance. Therefore, Pegasus does not plan for any changes in its current practice in 2022. Company practice is reviewed on an annual basis considering general practices and competitive interests.
|
|||||||