BIST 100-

Shareholders
ISTANBUL UNIVERSITY,
TRIVO MILICEVIC 2501141315
 Istanbul Stock Exchange
Market (Borsa Istanbul)
Borsa stanbul brings together all
the exchanges operating in the
Turkish capital markets under a
single roof.
It was established as an
incorporated company with a
founding capital of423,234,000 TL
Shareholdersof Borsa stanbul are:
49% Government of Turkey, 41%
IMKB, 5% VOB, 4% IMKB members,
1% IMKB brokers and 0.3% IAB
members.
It is planned that all the
Government-ownedshareswill be
offered for sale.
Bist 100
The index is used as the main index for Borsa stanbul
Equity Market.
It consists of 100 stocks selected among the stocks of
companies traded on the BIST Stars and BIST Main
markets and the stocks of real estate investment trusts
and venture capital investment trusts traded on the
Collective and Structured Products Market.
It represents the major indicator of the health of the
Turkish economy.
The main idea of the
research?
Examine the relation between companies on the BIST 100
and their shareholders through the Corporate Governance
Compliance Reports made by the companies in 2014
For that I used the minimum requirements as specified by
the Capital Markets Board in regard of CORPORATE
GOVERNANCE PRINCIPLES COMPLIANCE REPORT and its
second section Shareholders
SECTION 1-
SHAREHOLDERS
Shareholders Relations Department
The Use of Shareholders Rights to Obtain Information
Information on Shareholders Meeting
Voting Rights and Minority Rights
Dividend Policy and Deadline for Dividend Distribution
Transfer of Shares
 Shareholders Relations Department

Whether department is established and the names of the

staff are given
Number of activities regarding shareholders ( calls, e-mails,
meetings and conferences)
 Whether department is established
and the names of the staff are given
Department is established and the names of the staff are given
100 96

90

80

70

60

50

40

30

20

10
1 3
0
yes no No data

Just one company wrote that it still hasnt established

Investor Relations Department ERBOSAN
 Number of activities regarding shareholders
( calls, e-mails, meetings and conferences)

Top five companies Bottom five companies

T. HALK BANKASI 6649 ALARKO GMYO 25

EREL DEMR ELK 4068 KARTONSAN 24

DOU OTOMOTV 3897 GOOD-YEAR 20

TRK HAVA YOLLARI 2950 EGE ENDSTR 4

VAKIFLAR BANKASI 1749 ERBOSAN 0

The average number for the whole BIST 100 was

589.6 activities
The Use of Shareholders Rights to
Obtain Information

Type of applications
Whether it was written how the content was evaluated
How improvements were announced
Whether there was a request for a special auditor
 Type of applications
used
Type of applications
Face to face Written and Written, verbal and face to
meetings verbal face Written Not set

8 35 46 2 6
Whether it was written how the
content was evaluated

Written how the content was evaluated

100

90

80

70

60
51 51 46
50 46

40

30

20

10

0
yes no
How improvements were announced

How companies disclosed announcements

Daily
KAP's Company's National E- Turkish Commercial Not
website website News mail Registry Gazzete Post set
22 74 1 1 2 1 6
 Whether there was a request for a
special auditor

Request of a special auditor

100
93
90

80

70

60

50

40

30

20

10
2 2
0
yes no No data

It was used just for two companies: VAKIFLAR BANKASI and

VAKIF GMYO
Information on Shareholders Meeting

Attendance at the meetings

Means of inviting shareholders to the meeting
Proposals and questions by the shareholders outside the
agenda
How the meetings conclusion was made public
 Attendance at the
meetings
30
27

25 24

20

15

10 9 9

6
5
3
2
1 1
0
0
10-20% 20-30% 30-40% 40-50% 50-60% 60-70% 70-80% 80-90% 90-100% 100%

Average attendance for the BIST 100 was 75.21%

Highest and lowest
attendance

Top five companies Bottom five companies

ZORLU ENERJ 100% GSD HOLDNG 40.58%

AVVASA EMEKLLK
HAYAT 99.98% KARDEMR 37.07%

CARREFOURSA 98% GLOBAL YAT. HOLDNG 36.70%

TRK TELEKOM 93.53% TESCO KPA 35.26%

YAPI VE KRED BANK. 92.90% HLAS HOLDNG 24.53%

 Means of inviting shareholders to the
meeting

Means of inviting shareholders to the general meetings

Daily
KAP's Company's National E- Turkish Commercial Pos MKK's Not
website website News mail Registry Gazzete t website set

72 6 39 2 85 15 54 4
Proposals and questions by the
shareholders outside the agenda

Proposals and questions by the shareholders outside the agenda

100
90
80
70
62
60
50
40
30
22
20 13
10
0
yes no No data
 How the meetings conclusion was
made public

How conclusions from the general meetings were brought to public

Company's Daily
KAP's website National E- Turkish Commercial MKK's Not
website Website News mail Registry Gazzete Post website set

42 75 0 0 18 0 18 8
Voting Rights and Minority Rights

Existence of privileged voting rights

Whether companies in mutual ownership have rights to
vote
Minority shares represented in management
Whether a cumulative voting procedure is adopted
Existence of privileged voting rights

Existence of privileged voting rights

100

90

80

70 65

60

50

40
32
30

20

10

0
yes no No 0
data
Whether companies in mutual
ownership have rights to vote

Whether companies in mutual ownership have rights to vote

100

90

80

70
62
60

50

40
29
30

20

10 6

0
yes no No data
Minority shares represented in
management
Minority shares represented in management
100

90 87

80

70

60

50

40

30

20

10 7
3
0
yes no No data
Whether a cumulative voting
procedure is adopted

Whether a cumulative voting procedure is adopted

100

90

80

70

60
52
50 45

40

30

20

10

0
0
yes no No data
Dividend Policy and Deadline for
Dividend Distribution
Existence of privileged dividend distribution rights
Existence of dividend policy available to the public
Whether the distribution of dividends was done
Existence of privileged dividend
distribution rights

Existence of priviliged dividend distribution rights

100
90
90

80

70

60

50

40

30

20

10 6
1
0
yes no No data
Existence of dividend policy available
to the public
This principle was completely adopted as out of 97
companies involved in the research 97 disclosed
information regarding the dividend policy.
Whether the distribution of dividends
was done

Whether the distribution of dividends was done

100

90

80

70

60 58

50

40

30
23
20
12
10

0
yes no No data
Transfer of Shares

Existence of any provisions restricting transfer of shares

100

90

80
73
70

60

50

40

30 24
20

10

0
yes no No 0data
Availability of
information for foreign
shareholders
Use of both English and Turkish in writting reports
100

90

80

70

60 54
50
43
40

30

20

10

0
yes no No data
Note
DO-CO
PEK DOAL ENERJ
KOZA MADENCLK
Are companies that didnt make their Compliance Reports
easy to reach and transparent as I was unable to find
them bot on the KAPs website and the websites of the
companies.
That was the reason why 97 companies were included in
the research out of the 100 included in the BIST 100.
Thank you for your
attention