Corporate Governance Maturity Index

EXPLANATIONS:

• In calculating the Corporate Governance Maturity Index, the “Corporate Governance Maturity Index Model” developed by Dr. Ekrem ARIKAN (2022), MKK's General Manager and Board Member, in his doctoral thesis titled “Factors Affecting the Corporate Governance Maturity Level and Analysis of the Digital Maturity Level: Research on Companies Traded on Borsa Istanbul” was used.


• The Corporate Governance Maturity Index was calculated to measure the corporate governance maturity of companies whose shares are traded on Borsa Istanbul A.Ş. (BIST) that submit Corporate Governance Compliance Report (CGCR) to the Public Disclosure Platform (KAP) within the scope of the Corporate Governance Communiqué.


• The index is calculated once a year, following the last submission date of the annual financial statements to the KAP, and is published by the end of April (The publication date of the index may change depending on the CMB's regulations regarding announcement deadlines of annual financial reports). The announced index values ​​are updated at the end of January of the following year, taking into account the changes made to the CGCRs and the additional CGCRs published during the year.


• In calculating the index, Corporate Governance Compliance Reports disclosed to the public on the KAP system as of the calculation date are used.


• In calculating the index, 3-point Likert scale is used to evaluate the answers given. In this context, the answer given for each principle is scored as 100 if it is “Yes”, 66.66 if it is “Partially”, 33.33 if it is “No”, and is not scored if it is “Exempt” or “Not Applicable”.


• The Capital Markets Board's decision dated 01.02.2013 and numbered 4/105 was taken as basis in the weighting of section grades.


• Click here for the index methodology .


• Click here for the sectors included under the Industrial, Financial, Services and Technology divisions.

DISCLAIMER NOTICE:  

• The information contained herein is prepared for general information purposes and its completeness, accuracy and timeliness cannot be guaranteed. Generally accepted approaches have been used in the calculations and when compared with different sources, different results may be seen from the information contained herein. Although the data used has been compiled from sources supported by scientific studies, the accuracy of the calculated variables cannot be guaranteed. MKK is not responsible for any errors and deficiencies that may occur due to differences in technological and mathematical preferences in the calculations.


• The results of the calculations to be made should not be interpreted as a recommendation to buy or sell any investment instrument or a promise of return. Making an investment decision based on these results may not produce results that are in line with your expectations. MKK is not responsible in any way for any direct and/or indirect losses that investors and third parties may suffer as a result of the use of the information due to any errors/omissions in the use of the data.