BIST Corporate Governance Index (XKURY) is an index of companies implementing Corporate Governance Principles.
The BIST Corporate Governance Index aims to measure the price and return performance of companies whose shares are traded on BIST markets (excluding the Detention Market and List C) and whose corporate governance principles compliance score is at least 8 out of 10 and at least 7 for each main principle. The Corporate Governance Principles compliance rating is given by rating agencies included in the list of rating agencies determined by the CMB as a result of the assessment of the company’s compliance with all corporate governance principles as a whole.
The calculation of the Corporate Governance Index started on 31.08.2007 and the initial value of the index is 48,082.17.
Companies wishing to be traded in the Corporate Governance Index obtain “Corporate Governance Rating” from rating agencies licensed by the CMB and report to BIST. The rating is made under 4 main headings:
- Shareholders (with 25% weight)
- Public disclosure and transparency (with 25% weight)
- Stakeholders (with 15% weight)
- Board of Directors (with 35% weight)
The list of companies included in the BIST Corporate Governance Index and their ratings can be accessed from this link.
All other information about the BIST Corporate Governance Index can be accessed from this link.
Performance of the BIST Corporate Governance Index since its inception (29.08.2007):
2023 Performance of the BIST Corporate Governance Index:
