Corporate Govarnence and Welfare/Corporate Governance in Turkey

Abstract

To this day, in the 21st century, after discussing the theory of organizational theory, the Anglo-Saxon approach, which primarily focuses on protecting the shareholder rights, and not only the shareholder rights, but also the protection of the rights of all beneficiaries, we see it going on. Good corporate governance is not an end in itself. It is a tool for creating market confidence and business integrity required for companies that need access to equity for long-term investment. Access to equity is especially important for balancing the growing companies and increasing indebtedness for the future. The principles also relate to inclusiveness. Today, the savings of millions of households in the world are directly or indirectly in stock markets. In addition, publicly traded companies provide more than 200 million jobs. The principles also address the rights of these stakeholders and their participation in the creation of wealth.Corporate governance is recognized as one of the standards for sound financial systems and is used by FSB, G20 and OECD members. It also forms the basis of the OECD guidelines on management of insurance companies and pension funds and the reference of reforms in many countries, published by the Basel Banking Supervision and Audit Committee. OECD corporate governance principles; I) Ensuring the basis of effective corporate governance framework II) Shareholders’ rights and fair treatment and basic partnership functions III) Institutional investors, equity markets and other intermediaries IV) The role of stakeholders V) Public disclosure and transparency. VI) Responsibilities of the Board of Directors In the form of main headlines.This study will try to bring a perspective on the relationship between corporate governance principles and economic development. How its process is managed? The examples of the country will be examined and the effect of this style on the economic life will be examined.