Professional Documents
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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
90
80
70
60
50
40
30
20
10
1 3
0
yes no No data
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
90
80
70
60
51 51 46
50 46
40
30
20
10
0
yes no
How improvements were announced
80
70
60
50
40
30
20
10
2 2
0
yes no No data
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%
72 6 39 2 85 15 54 4
Proposals and questions by the
shareholders outside the agenda
42 75 0 0 18 0 18 8
Voting Rights and Minority Rights
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
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
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
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
90
80
70
60 58
50
40
30
23
20
12
10
0
yes no No data
Transfer of Shares
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