Turkey welcomes first licensed Turkish Corporate Governance Rating company

Turkey welcomes first licensed Turkish corporate governance rating company, namely Saha Rating.

Saha Rating provides rating services especially to the companies aim to be included in Istanbul Stock Exchange Corporate Governance Index and to Institutional Investors, such as pension funds.

In order to be included in the Corporate Governance Index companies should be rated minimum 6 out of 10. The related rates designated by Saha Rating are as follows;

Rate	Deficiency
9 - 10	Company is in full compliance with the Corporate Governance principles set by Capital Markets Board of Turkey. Management and internal control mechanisms are well defined and working. all kings of risks pertaining to Corporate Governance issues are defined and managed effectively.
7 - 8	Company mostly in compliance with the Corporate Governance principles set by Capital Markets Board of Turkey. The management anf internal control mechanisma are defined and working, although minor amendments are needed.
6	Company is moderately in compliance with the Corporate Governance principles set by Capital Markets Board of Turkey and also exercising some of the policies designated. Improvements to management and internal control mechanisms are needed.