October - December 2011
TAV-World
Issue : 22
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Summary

THE HIGHEST CORPORATE GOVERNANCE RATING FROM ISE




TAV Airports has not only maintained the top position it achieved in the ISE (Istanbul Stock Exchange Market) Corporate Governance Index last year, but also managed to raise its corporate governance rating grade

ISS Corporate Services (ICS), one of the world’s most respectable independent corporate ratings organizations, raised TAV Airport’s governance rating grade to 9.09, which is currently the highest level in Turkey. With this score, TAV Airports Holding maintained the leading position it attained last year in the Istanbul Stock Exchange Market Corporate Governance Index.

Appraising this result as a direct consequence of the adoption of the corporate governance principles at TAV Airports CEO M. Sani Sener emphasized that all TAV Airports companies have assimilated these principles as a whole. Sener said that this subject is now understood more clearly in Turkey and worldwide: “Effective corporate governance policy enables the management to make healthier decisions by narrowing risks. The presence of nearly 30 companies on the Index, in which TAV Airports successfully defended its top position this year, shows the importance attached to this subject.”

TAV Airports raised its grade from 9.03 to 9.09 out of 10 in its 3rd rating year and maintained the top position it attained last year. Within the context of relevant principle decision, the Capital Markets Board released the results of the rating under the subsection of shareholders, public disclosures and transparency, stakeholders and board of directors:


Sub-CategoriesWeightGrade Achieved Grade Assigned
Shareholders0.2590,639,06
Public Disclosures and Transparency0.3593,419,34
Stakeholders0.1596,829,68
Board of Directors0.2584,368,43
Total1.0090,969,09

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