In our legislation, the Capital Markets Board (CMB) has established the Corporate Governance Principles through legal regulations to be implemented by publicly traded companies.
The Corporate Governance Principles defined within the framework of the Capital Markets Law are fundamentally composed of four main sections: shareholders, public disclosure and transparency, stakeholders, and the board of directors. The provisions under these four main sections are binding for the managers of publicly traded companies, and their full implementation is required. If they cannot be fully implemented, the reasons for this must be explained.
The Turkish Corporate Governance Association (TKYD) has been leading the sector for many years to promote best practices in this area and strengthen the principles of transparency and accountability.
TKYD’s research and publications aim to objectively assess the corporate governance levels of publicly traded companies. In this context, reports such as “Corporate Governance Evaluation Report 2022: Corporate Governance Practices and Board of Directors of BIST 100 Companies” examine the corporate governance processes of Turkey’s largest publicly traded companies. These publications analyze the companies’ board of directors’ operations, levels of transparency, and relationships with stakeholders, offering important areas for improvement.
Additionally, studies such as the BIST Board of Directors Research and “Increasing Gender Equality in the Boards of Listed Companies and Top Management” share best examples of corporate governance and guide companies on critical issues like gender equality.
TKYD’s Publicly Traded Companies Working Group & BIST Corporate Governance Index develops in-depth analyses and solution proposals to ensure the best application of corporate governance principles in publicly traded companies and enhance the effectiveness of boards of directors. This platform provides strategic guidance to its members on challenges faced in company management and identifies necessary steps for sustainable growth.
To raise corporate governance standards for publicly traded companies, enhance management processes, and fulfill responsibilities to society, you can strengthen your company’s management approach by utilizing the resources provided by TKYD. If you would like to collaborate with TKYD to improve your corporate governance principles and contribute to the sector, you can contact us.