Announcement regarding Corporate Governance Rating
Announcement regarding Corporate Governance Rating
Our Bank has signed an agreement with JCR Eurasia Rating, which is an authorized rating agency operating under the license of the Capital Markets Board of Turkey (“CMB”) in accordance with the Corporate Governance Principles issued by the CMB, on 17.07.2014 for a period of two years. As a result of JCR Eurasia Rating assessment, the Bank's Corporate Governance Rating is given a score of 9.14 over 10.
The Bank's overall Corporate Governance Rating is determined, in compliance with the relevant regulations of the CMB, under the weighted sub-sections (Shareholders, Public Disclosure and Transparency, Stakeholders, Board of Directors). The overall Corporate Governance Rating and sub-section ratings are as below:
|
Sections
|
Weight
|
Score
|
|
Shareholders
|
%25
|
9,07
|
|
Public Disclosure and Transparency
|
%25
|
9,25
|
|
Stakeholders
|
%15
|
9,05
|
|
Board of Directors
|
%35
|
9,15
|
|
Total
|
|
9,14
|
Corporate Governance Rating Report prepared by JCR Eurasia Rating is accessible on the Bank's web site www.garanti.com.tr and www.garantiinvestorrelations.com