CHANGES IN THE CORPORATE GOVERNANCE AND OWNERSHIP STRUCTURE IN STOCK MARKETS: DEMUTUALIZATION OF ISTANBUL STOCK EXCHANGE

@inproceedings{Sariolu2012CHANGESIT,
  title={CHANGES IN THE CORPORATE GOVERNANCE AND OWNERSHIP STRUCTURE IN STOCK MARKETS: DEMUTUALIZATION OF ISTANBUL STOCK EXCHANGE},
  author={Serra Eren Sarioğlu},
  year={2012}
}
Stock exchanges around the world have experienced major changes with respect tocorporate governance beginning with the early 1990s. Until that time, almost all exchanges weremember-owned, organized as ‘non-profit‘ mutual organizations. Although there were no publiclytraded exchanges 15 years ago, today most of the stock exchanges are demutualized and many ofthem are public listed companies. In this paper, the concept of demutualization is presented withsome historical evolution of this process… CONTINUE READING

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