Some of the principles are mandatory and some are on a "comply or explain" basis. Structures such as independent board members, the audit committee and the early detection of risk committee are part of the corporate governance principles. Companies disclose their compliance in annual reports.
Related terms
Independent board memberA board member who has no significant relationship with the company or its management and meets the independence criteria.Audit committeeA committee of the board of directors responsible for overseeing financial reporting, internal control, internal audit and the independent audit.InstitutionalisationA company's transition from a person-dependent management structure to an institutional structure with defined processes, authority and responsibilities, reporting systems and governance structures.Bonus issueIssuing shares to shareholders by adding a company's internal resources (reserves, retained earnings, capital adjustment differences) to its capital.Borsa IstanbulThe exchange in Turkey on which shares, debt instruments, derivatives and precious metals are traded.Capital Markets Board (CMB)The independent administrative authority responsible for regulating and supervising capital markets in Turkey.
Last updated: October 22, 2026 · This definition is for general information only.