Global Investment Holding’s Corporate Governance Rating Improves to 8.99 from 8.79
29 November 2017
Global Investment Holdings’ Corporate Governance Rating Improves to 8.99 from 8.79…
In the scope of Capital Markets Board’s (“CMB”) Communique on “Rating Activities and Rating Agencies in Capital Markets”, Global Investment Holdings’ Corporate Governance Rating has been reviewed by Kobirate Uluslararası Kredi Derecelendirme ve Kurumsal Yönetim Hizmetleri A.Ş.(Kobirate International Credit and Corpoarte Governance Rating: “Kobirate”), in line with CMB’s Corpoarte Governance Principles. Accordingly, Global Investment Holding’s Corporate Governance Rating has been upgraded to 8.99 (out of 10.00) from 8.79, indicating that the Company is in good compliance with CMB’s Corporate Governance Principles.
Kobirate has reviewed Corporate Governance Practices of Global Investment Holdings under four main categories, as follows; while improvements in “Public Disclosure & Transparency” and “Shareholders” categories contibuting the most to the overall rating improvement.
November2015 | November2016 | |
Overall rating | 8.79 | 8.99 |
Shareholders (25%) | 88.60 | 91.11 |
Public Disclosure & Transparency (25%) | 88.18 | 91.18 |
Stakeholders (15%) | 88.90 | 90.93 |
Board of Directors (35%) | 86.85 | 87.74 |