With Law No. 1211, the “Office of the Governor” was founded to ensure equivalence in terms of international representation, foreign relations and protocol, and Mr. Naim Talu became the first “Governor” to assume this title. Moreover, a new decision-making body composed of the Governor and the Vice Governors was established under the name of the Executive Committee. The top-level decision-making body of the Bank, the Board of Directors, which consisted of eight members, was transformed into the “Board” of the Bank, consisting of six members. Besides, the General Assembly of Shareholders was named the General Assembly; Board of Auditors was named the Auditing Committee; and the General Directorate was named Head Office.