Corporate Governance refers to a set of principles and practices that govern a company’s governance structure, processes and control mechanisms. It regulates the relationships between shareholders, the board of directors, management and other stakeholders and aims to ensure the long-term success of the company. Good corporate governance ensures that a company conducts its activities in a transparent, fair and responsible manner, thereby increasing stakeholder confidence and contributing to sustainable growth.

Corporate Governance Consulting Services

1. Assessment of Governance Structure

  • Examining the Structure of the Board of Directors: Factors such as the size of the company’s board, the number of independent members, and whether various areas of expertise are represented are analyzed. Suggestions are offered on how to create an effective board structure.
  • Evaluation of Committees: The job descriptions, functioning and effectiveness of the committees operating within the board (e.g. audit committee, risk committee, remuneration committee) are analyzed. If necessary, it is recommended that new committees be established or existing committees be restructured.

2. Strengthening the Board of Directors and Committees

  • Board of Directors Training Programs: Training programs are designed and offered to enhance the competencies of board members. These programs may include topics such as strategy development, risk management, financial literacy.
  • Independent Director Appointments: Guidance is provided on the process for the inclusion of independent directors on the board, their selection, appointment and role definition.
  • Reorganization of Committee Structures: To increase the functionality of committees, their job descriptions are clarified, working procedures and principles are determined and reporting processes are improved.

3. Stakeholder Management and Communication

  • Stakeholder Mapping: The company’s internal and external stakeholders (shareholders, employees, suppliers, customers, public institutions, NGOs) are identified and the expectations of each stakeholder group are analyzed.
  • Communication Strategies: Communication strategies are developed to ensure regular and transparent information flow with stakeholders. These strategies include tools such as annual reports, stakeholder meetings, press releases and social media channels.
  • Shareholder Relations Management: Special programs and services are offered to inform shareholders, exercise their voting rights and ensure shareholder satisfaction.

4. Ethics and Compliance Management

  • Development of Code of Ethics: Written codes of ethics and behavioral guidelines reflecting the company’s core values and ethical standards are created.
  • Design of Compliance Programs: Comprehensive compliance programs are developed to comply with legal and regulatory requirements. These programs include training, audits and reporting processes.
  • Ethical Violation Reporting Systems: Ensure the design and implementation of systems that enable employees and other stakeholders to securely report ethical violations.

5. Sustainability and Social Responsibility Strategies

  • Development of Sustainability Strategies: Strategies are developed to minimize the company’s environmental and social impacts and support long-term sustainable growth.
  • ESG (Environmental, Social, Governance) Performance Monitoring: Environmental, social and governance performance is regularly monitored, evaluated and reported.
  • Corporate Social Responsibility (CSR) Projects: Social responsibility projects are designed and implemented to ensure that the company has a positive impact on society.

6. Risk Management and Internal Control Systems

  • Risk Management Framework: A risk management framework is developed to identify and manage the risks (financial, operational, strategic, compliance) to which the company may be exposed.
  • Strengthening Internal Control Systems: Internal control systems are designed, existing systems are reviewed and strengthened to ensure the Company’s financial reporting accuracy and operational efficiency.
  • Audit Monitoring and Reporting: Internal audit processes are regularly monitored and evaluated and findings are shared with the board of directors.

7. Corporate Governance Reporting

  • Board Reports: Regular reports on board activities, decisions taken and strategic targets are prepared and shared with stakeholders.
  • Governance Index Development: A governance index is created to monitor and compare the company’s corporate governance performance.
  • Stakeholder Tailored Reporting: Specially designed governance reports are prepared for shareholders, employees and other stakeholders.