Implementation of good corporate governance in Turkey: The case of Dogan Yayin Holding

Abstract

Corporate governance has been one of the major issues studied by academicians in management and economics. Recent problems faced by various companies in certain economic systems forced the widespread adoption and implementation of corporate governance logic and principles by various types of companies. This study describes the successful implementation of corporate governance (CG) principles by Dogan Yayin Holding (DYH) which is Turkey's leading media-entertainment conglomerate. The company's success in implementing the CG principles led to the improvement of its company image, gaining prestige in the eyes of foreign institutional investors, and improving its internal and external control mechanisms. Considering all of these implementations, one can realize the successful involvement of DYH in pursuing good CG practices in Turkey.