The Corporate Governance Communiqué of the CMB (No. II-17.1) sets the general principles of Turkish Corporate Governance . Listed companies on Borsa İstanbul incorporated in Turkey are obligated to comply with certain of the corporate governance principles.
The Communiqué adresses four major topics:
Shareholders rights, public disclosure and transparency, stakeholders, and board of directors.
Those principles on company management, relations between the shareholders and other stakeholders, rights and responsibilities of parties and the decision processes of the company, call for the operation of a company by taking into account aspects of good governance such as equality, social responsibility, transparency, independence, responsibility, discipline and accountability.