Global Investment Holdings Received High Corporate Governance Ratings
03 January 2012
Global Investment Holdings successfully received high ratings on Corporate Governance from an independent rating agency (SAHA) and henceforth, it will be listed on the ISE Corporate Governance Index.
SAHA Corporate Governance and Credit Rating Services Inc., an authorized rating agency operating under the license of the Capital Markets Board of Turkey (“CMB”), has announced the Corporate Governance Compliance Rating for Global Investment Holdings as 8.36 out of 10. This high rating score certifies that Global Investment Holdings complies with CMB’s Corporate Governance Principles. The firm will be included in the ISE Corporate Governance Index (XKURY) starting from 27 December 2011.
The corporate governance rating methodology of SAHA is based on the Principles of Corporate Governance by CMB, which was issued in 2003 and further revised in 2005. The Corporate Governance rating studies carried out by SAHA included various inspections on corporate documents and interviews with executives along with the analysis of publicly available information.
Final rating scores are determined by separate weighting of four sub-section pursuant to related resolution of CMB. Breakdown of individual rating scores for each sub-section is as follows:
Sub-Sections Rating
Shareholders (%25) 82,33
Public Disclosure and Transparency (%35) 88,08
Stakeholders (%15) 91,63
Board of Directors (%25) 73,94
Overall 83,64
Confirmed Company Rating: 8,36
Corporate Governance Rating Report of SAHA is available on our corporate web site www.globalyatirim.com