Corporate Governance in Turkey
Subtitle: A Pilot Study
Publisher: Organization for Economic
Published: October 30, 2006
Language: eng
Format: Paperback
Number of pages: 132
ISBN-13: 9789264028630
Subjects: Corporate Finance; Development - General; Government & Business; Business & Economics; Business/Economics
Description: Turkish domestic equity markets and inward foreign investment are poised to grow rapdily but only if corporate governance standards are high enough to protect minority shareholders. This report evaluates the extent to which the OECD Principles of Corporate Governance have been implemented in Turkey, looking at both the legal and regulatory framework as well as company practices. It finds that significant reforms to the corporate governance framework have already been introduced, and supports additional legislative reforms that are already in progress. Looking ahead, the report argues that it is time to move into the next important phase in policy reform, and makes a series of recommendations for further strengthening Turkeys corporate governance structures.