The board structure of firms listed in ISE-50 index
In this study, the board of directors structure of the firms listed in ISE-50 index in the 3rd quarter of 2009 is analyzed. Necessary information is gathered from firms' websites and acquired information is processed and used for cumulative and descriptive statistics. Among the firms included in this study, it has been observed that the number of members in the board of directors was low, board of directors president and CEO were different persons, the number of non-executive members was high, the number of independent members was not sufficient, the presence of committees was not common, the heads of sub-committees were not comparably independent, the majority of the committee members were in fact executive members, and the board of directors members were involved in more than one committee.
Corporate governance, board of directors, executive and non-executive members, independent members, committees