Özet:

The board of directors, one of the four basic elements of corporate management leads the company as its high level decision-making, executive and representative body in order to provide returns for its shareholders in the long term. Therefore, the board of directors has responsibility towards its customers, employees, suppliers and other interest owners in the society in addition to this main task, in other words, it a responsibility towards all stakeholders. Having importance in terms of financial risk and performance, the capital structure is defined in direction with decisions taken by board of directors of banks. In this study, the effect of capital structure on the structure of board of directors in 16 banks traded on the Istanbul Stock Exchange in years 2010-2014 was examined. The board structure was examined with variables such as the board size and the same person appointed as the president of board and general manager; the capital structure was examined with the linear regression method by using the debt/total assets ratio. As a result of analysis, it was found that the size of banks' board of directors and duality has affected positively the decisions of capital structure.

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