IV. A COUNTRY REVIEW: TURKEY
1. Background and the Development of Corporate Governance
The previous chapters state that law and particularly some key aspects of corporate…
In pursue of this aim, Turkey has hastened reforms in several areas, one of them…
Corporate governance is a relatively new concept in Turkey. There could be economical,…
Not only the legal framework of corporate governance, but in general, all major Turkish…
The first step in Turkey regarding corporate governance was taken by the Turkish…
In July 2003, after TUSİAD published its report, Capital Markets Board of Turkey…
In 2005, the BIST Corporate Governance Index (CGI), which includes the listed companies that apply CGPs, was specified and started to be calculated in 2007. In brief, “[The] BIST CGI aims to measure the price and return performances of companies traded on Borsa İstanbul Markets (except companies in Watchlist Companies Market and List C) with a corporate governance rating of minimum 7 over 10 as a whole, and a minimum of 6.5 for each main section…
As of 2011 the CMB began to regulate them with communiqués…
Moreover, the New Capital Market Law which…
Moreover, pursuant to the new CML, BIST…
Furthermore, in 2008, an IPO summit was started with the aim of increasing the number…
Finally, one of the most crucial regulations regarding corporate governance is the…
This chapter explained that Turkey has been experiencing changes and the corporate…