Corporate Law

Corporate governance is a general definition that means that businesses operating in any business line carry out their activities in accordance with the relevant legislation. It refers to compliance with the rules stipulated in secondary legislation in the decision-making processes regarding the activities of businesses.

It has become mandatory for businesses to follow an effective corporate governance policy and adopt a guide in this field in order to fulfill their legal or legal responsibilities. So, what is corporate governance? What are the corporate governance principles?

What is Corporate Governance?

Corporate governance is the United States equivalent of the English expression ” corporate governance “. This concept, which began to become widespread in the 2000s, has entered the agenda of the commercial ecosystem over the years. Corporate governance system, which is frequently encountered in legal, administrative and academic studies, in a broad sense; It refers to a system in which institutions, organizations or commercial enterprises are managed and their activities are supervised.

In the narrow sense, corporate governance ; It is the management of businesses or companies within the framework of the rights of the shareholders. The board of directors of companies is the body responsible for corporate governance. In this context, corporate governance is a set of systems that regulate the relations between shareholders and senior managers of the company.