The evaluation for the companies that take place in ise national 30 index complying to the corporate governance principles of cmb

To maintain the sustainable growth that we have recent years, both the rise of theeconomic integration and with the removal of economical limitations, the rise of quality andquantity of international capital stock is very important. Investors focused on the corporategovernance more and more because the situations of financial crisis that were recentlyexperienced, the reality that bad management causes most of the company scandals and therise of the role of private sector. Investors, realized that as long as they use their rights easyand effective, they can protect these rights with the same effectiveness. Especiallytransparency, attaining knowledge and participating general assemblies and have a voice inthese, reaching to financial reports, assurance of cumulative voting rights become anindispensable element for capital based expanding. Because of that reason, nationalcompanies that adopt corporate governance principles, perceived as less risky by internationalinvestors. Therefore, the rise of the interest to our country brings some advantages like lowcapital cost and rise in financing opportunities. Because there is a rise in economicdependence among countries, international competition and the investors need safe market,made pioneer OECD and other organizations start to establish corporate governanceprinciples.In the evaluation, it is seen that the companies, that take place in ISE National 30Index, accommodate to the corporate governance principles in average of 65%. Thiscompliance level is determined as, 69% for shareholders, 74% for public disclosure andtransparency, 52% for stakeholders and 57% for board of directors.