TURKEY IS READYING itself to take a leap into the world of good corporate governance. The leap will have to be pretty huge because the record up to now has been so poor.
A leading Turkish economist says that only Koc and Sabanci, Turkey’s two largest private conglomerates, and “to a certain degree” Is Bank, Turkey’s largest private bank, have adhered to the principles of good corporate governance.
“Outside these,” he says, “my opinion is: be careful, don’t give them the benefit of the doubt.
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