Kurumsal yönetim endeksi; İstanbul menkul kıymetler borsası için durum analizi

Kurumsal yönetim anlayışı muhasebe skandalları sonucunda ortaya çıkan en önemli gelişmelerden biridir. Her ülkede farklı kurumsal yönetimi düzenleyici sistemler bulunmaktadır. Bazı ülkelerde Kurumsal Yönetim Endeksi (KYE) yer almasına rağmen, her ülkenin KYE koşulları farklıdır. Türkiye’de 2005 yılı Şubat ayında İstanbul Menkul Kıymetler Borsası (İMKB) KYE’nin koşullarını belirlemiştir. 31 Ağustos 2007 tarihinden bu güne İMKB KYE yürürlüktedir. İMKB KYE’nin amacı, İMKB’de işlem gören ve kurumsal yönetim ilkelerine uyum notu 10 üzerinden en az 7 olan işletmelerin fiyat ve getiri performansının ölçmektir. Bu çalışmanın amacı da, kurumsal yönetimi kavramsal olarak incelemek ve İMKB KYE’nin gelişimini ortaya koymaktır. Bu amaç doğrultusunda, Türkiye’de yer alan İMKB KYE’nin gelişimi ve endekste yer alan işletmelerin kurumsal yönetim ilkelerine uyum notları incelenmiştir. Türkiye’deki gelişimi ortaya koymak için İMKB KYE’de yer alan işletmelerin 2007-2012 yılları arasında yayımlanan Kurumsal Yönetim İlkelerine Uyum Raporları ve Kurumsal Yönetim Endeksi notları incelenmiştir.

Corporate governance index; the Istanbul stock exchange position

Corporate governance (CG) has become one of the most important developments as a consequence of accounting scandals. There are different CG regulatory systems in different jurisdiction areas. Although certain countries have Corporate Governance Index (CGI), each country has different CGI requirements. In Turkey, in February 2005 Istanbul Stock Exchange (ISE) published the requirements of CGI that has been active since August 31, 2007. ISE CGI aims to measure the price and return performances of ISE listed companies with their corporate governance ratings of minimum 7 out of 10. The purpose of this paper is to conceptually examine the CG and to understand the trend of ISE CGI. A study has been conducted to understand the development of CGI and to analyze the ratings of CGI companies in ISE CGI. To do this, Corporate Governance Rating Reports (CGRR) and CGI ratings were analyzed for the period of 2007-2012.

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Kaynak Göster