Global Investment Holdings’ corporate governance rating upgraded to 9.06
23 November 2018
In the scope of Capital Markets Board’s (“CMB”) Communiqué 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.S.(Kobirate International Credit and Corporate Governance Rating: “Kobirate”). Accordingly, Global Investment Holding’s Corporate Governance Rating has been upgraded to 9.06 (out of 10.00) from 9.05, indicating that the Company achieved a substantial 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 “Board of Directors” and “Stakeholders” categories contributing the most to the overall rating improvement. More specifically, the formation of “Female Board Membership Target Policy” (Board of Directors); as well as inclusion in BIST Sustainability Index and initiation of ISO certification processes (Stakeholders) had a positive impact on the overall rating.
The report issued by Kobirate will also be available through Global Investment Holdings website Corporate Governance Rating Report page.
