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Corporate Governance and Accountability in the Age of Multilevel Governance in Turkey

Corporate Governance and Accountability in the Age of Multilevel Governance in Turkey
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Author(s): Gülşah Atağan (Dokuz Eylül University, Turkey)
Copyright: 2019
Pages: 23
Source title: Multi-Level Governance in Developing Economies
Source Author(s)/Editor(s): Tugba Ucma Uysal (Mugla Sitki Kocman University, Turkey) and Ceray Aldemir (Mugla Sitki Kocman University, Turkey)
DOI: 10.4018/978-1-5225-5547-6.ch005

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Abstract

Corporate governance and accountability are getting more and more important both for world and Turkish economies thanks to increasing competitiveness conditions among companies. Applications of corporate governance principles can show differences from country to country. In Turkey, The Capital Markets Board issued corporate governance principles in 2003 to improve the corporate governance environment and integrate the Turkish capital market with global financial markets. The board has also adopted these principles in 2005 and made them final. The new Turkish Commercial Code is based on corporate governance principles. The new Turkish Commercial Code constitutes the legal infrastructure for corporate governance practices.

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