A good example of bad governance...


Eliminating the discriminatory treatment of company shareholders by introducing the principle of "one-share, one-vote" is one of the most important pillars of Corporate Governance. A wide range of dual-class structures exist.  In some cases, the superior class benefits from dividens more than others. Essentially, the term covers any structure that confers a disproportionate amount of control on one group of shareholders in relation to their equity participation in the company.
Dual-class structures are unfair and give economic power to superior shareholders while facing the same financial risk.

Metin MUNIR from Milliyet calls for better governance to Garanti Bank which is the one of the largest private sector bank in Turkey.

There is a bad news for Garanti Bank that the stocks of companies having DCSS's tend to underperform those of companies with SCSS's.

 
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