DO BOARD CHARACTERISTICS HAVE AN IMPACT ON CODE OF CONDUCT HANDBOOK IN A COMPANY: AN EVIDENCE FROM TURKEY

Abstract

Purpose- The purpose of this study is to determine whether the board members’ characteristics have an impact on the Code of Conduct Handbook for the companies listed in Borsa Istanbul X100.

Methodology- This study is conducted on the information provided by 66 companies listed in Borsa Istanbul X100 and Logistic Regression Model is used for the analysis.

Findings- Total number of board members and number of independent members in the board have a positive impact on the Code of Conduct Handbook in a company.

Conclusion- Only the total number of board members and number of independent members in the board have an impact on the Code of Conduct Handbook in a company. Ratio of female members, ratio of majority of the shares belonging to individuals or corporations’, ratio of board members who are also shareholder of the company to total board members have no impact.  

Keywords

• Ethics,code of ethics,business ethics,code of conduct,board of directors

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