Press Releases

Press Releases

TAV Airports at the top in Corporate Governance

TAV Airports improved its corporate governance rating to 9.24 out of 10 from 9.09 of last year and topped the Turkish Corporate Governance Index. ISS Corporate Services, a leading rating agency in corporate governance disclosed TAV Airport’s Corporate Governance rating as 9.24 out of 10.

ISS Corporate Services (ICS), a leading global corporate governance agency has disclosed TAV Airport’s Corporate Governance rating as 9.24 out of 10, the highest rating in Turkey. This rating placed TAV Airports Holding at the top of the Corporate Governance Index of the Istanbul Stock Exchange (ISE) comprising c. 40 companies.

TAV Airports President & CEO M. Sani Şener expressed his joy upon the improvement of the rating and added “TAV Airports views corporate governance principles as an integral part of its corporate culture rather than an issue of compliance. The revision of the principles by the Capital Markets Board (CMB) has taken Turkish companies one step further in accountability and transparency. The fact that we have been able to improve our rating in the face of even more stringent principles goes to once again demonstrate the dynamic and innovative nature of our company. The amount of effort that we put into good corporate governance at TAV Airports, a company employing thousands of people in 3 continents, is an expression of the deep respect we hold for all our stakeholders.”

In its fourth rated year, TAV Airports improved its rating to 9.24 out of 10 from 9.09 and ranked at the top of the Corporate Governance Index of the Istanbul Stock Exchange (ISE) comprising c. 40 companies.

The weighted final rating conducted under the methodology of compliance with the CMB principles on Shareholders, Public Disclosure and Transparency, Board of Directos and Stakeholders was calculated as follows:

Sub-categories

Weight

Rating

Computed Rating

Shareholders

0,25

90,98

9,10

Public Disclosure and Transparency

0,35

96,26

9,63

Stakeholders

0,15

94,53

9,45

Board of Directors

0,25

87,29

8,73

Total

1,00

92,44

9,24


ISS Corporate Services (ICS), the company that assigned a rating for TAV Airports is a globally leading firm providing investor services in areas of corporate goverance, risk management, research, analysis, voting by proxy in general assemblies. ICS is the only foreign company holding a CMB license to provide corporate governance principles compliance rating evaluations. Founded in 1985, the Company, a subsidiary of MSCI, has offices in Washington DC, Amsterdam, Bruksel, Chicago, Londra, Melbourne, New York, Tokyo, Paris ve Toronto (www.isscorporateservices.com)