2018 Turkey Spencer Stuart Board Index

Abstract

The 2018 Turkey Spencer Stuart Board Index is an annual study that analyses aspects of board governance among major listed companies, including composition, committees, and remuneration. First published over 30 years ago in the US, Board Indexes are produced in 22 countries around the world on an annual or biennial basis. In 2014, we released the first Turkey Spencer Stuart Board Index, a review of board composition, structure, and governance practice in the companies that make up the BIST 30 Index. This fifth edition updates our analysis of the BIST 30, based on publicly available data for the most recent fiscal year. We include more detail on audit committees and an essay on “The professionalisation of boards”. Our purpose is to provide business leaders with a snapshot of current practice on Turkish boards. In addition to data for BIST 30 companies, we have again published a detailed chart showing how the BIST 30 Index compares with leading companies in the US and other European markets across a key range of governance measures. We hope that you will find this 2018 edition of the Turkey Spencer Stuart Board Index an interesting read. We welcome your feedback and the opportunity to discuss any of the issues that arise from our research.