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The Rise of “Independent Board Members” in TURKEY
Abstract
With regulations on corporate governance set forth by the Capital Markets Board, in line with the developments taking place worldwide, an obligation to have independent board members on the board of directors is born. While improving the corporate governance standards of a company, this regulation also positively contributes to the economy of the country as a whole through positively affecting its foreign direct investments. Since independent board members are expected to take influential roles in the key areas of a company such as strategy setting, performance evaluation, risk taking and human related issues; an effective independent board member should possess technical as well as interpersonal skills. The main purpose of this paper is to analyze the significance of “independent board members” that has a substantial role in the implementation process of corporate governance rules in Emerging Markets like Turkey.
Keywords
References
- 3 rd Annual Report, W oman on Board – Turkey (2015), Independent Women Directors Project, Sabancı University & Corporate Governance Forum of Turkey.
- Adams, Renee – Ferreira, Daniel (2007), “A Theory of Friendly Boards”, The Journal of Finance, Vol. 62 Issue 1, pp. 217- 250.
- Barr att, Ruth - Kakabadse, Nada (2002), “Developing reflexive corporate leadership, The role of the non- executive director”, Corporate Governance: The International Journal of Business in Society, Vol.2, Issue 3, pp. 32- 36.
- Brickey, Kathleen (2003), “From Enron to Worldcom and Beyond: Life and Crime After Sarbanes -Oxley”, Washington University in St. Louis – School of Law, Faculty Working Papers Series, Paper No. 03 -06- 01.
- Cadbury, Adrian (1992), “The Financial Aspects of Corporate Governance”, Burgess Science Press, Great Britain.
- Capital Markets Board, www.spk.gov.tr
- Cheffins, Brian (2012), “The History of Corporate Governance”, Law Working Paper No. 184, University of Cambridge and ECGI.
- Dravis, Bruce (2007), The role of independent directors after Sarbanes -Oxley. American Bar Association, USA.
Details
Primary Language
English
Subjects
Business Administration
Journal Section
Research Article
Publication Date
January 1, 2017
Submission Date
January 1, 2017
Acceptance Date
-
Published in Issue
Year 2017 Number: 73
APA
Nuhoğlu, N. İ., & Erdoğan, S. (2017). The Rise of “Independent Board Members” in TURKEY. Muhasebe Ve Finansman Dergisi, 73, 249-272. https://doi.org/10.25095/mufad.396755
AMA
1.Nuhoğlu Nİ, Erdoğan S. The Rise of “Independent Board Members” in TURKEY. Muhasebe ve Finansman Dergisi. 2017;(73):249-272. doi:10.25095/mufad.396755
Chicago
Nuhoğlu, Nur İrem, and Seda Erdoğan. 2017. “The Rise of ‘Independent Board Members’ in TURKEY”. Muhasebe Ve Finansman Dergisi, nos. 73: 249-72. https://doi.org/10.25095/mufad.396755.
EndNote
Nuhoğlu Nİ, Erdoğan S (January 1, 2017) The Rise of “Independent Board Members” in TURKEY. Muhasebe ve Finansman Dergisi 73 249–272.
IEEE
[1]N. İ. Nuhoğlu and S. Erdoğan, “The Rise of ‘Independent Board Members’ in TURKEY”, Muhasebe ve Finansman Dergisi, no. 73, pp. 249–272, Jan. 2017, doi: 10.25095/mufad.396755.
ISNAD
Nuhoğlu, Nur İrem - Erdoğan, Seda. “The Rise of ‘Independent Board Members’ in TURKEY”. Muhasebe ve Finansman Dergisi. 73 (January 1, 2017): 249-272. https://doi.org/10.25095/mufad.396755.
JAMA
1.Nuhoğlu Nİ, Erdoğan S. The Rise of “Independent Board Members” in TURKEY. Muhasebe ve Finansman Dergisi. 2017;:249–272.
MLA
Nuhoğlu, Nur İrem, and Seda Erdoğan. “The Rise of ‘Independent Board Members’ in TURKEY”. Muhasebe Ve Finansman Dergisi, no. 73, Jan. 2017, pp. 249-72, doi:10.25095/mufad.396755.
Vancouver
1.Nur İrem Nuhoğlu, Seda Erdoğan. The Rise of “Independent Board Members” in TURKEY. Muhasebe ve Finansman Dergisi. 2017 Jan. 1;(73):249-72. doi:10.25095/mufad.396755