Özet:

The Importance of Corporate Governance in Public Disclosure and Transparency By Financial Reporting The objective of this study is to put forward the place and the importance of the understanding of corporate governance in public disclosure and transparency. The understanding of corporate governance is the management of corporations in a way that will provide the maximum benefit for all the related personalities and groups. Data disclosed by financial reporting is very crucial both for the current partners of the company and the future investors. The standards of accounting and financial reporting contain important adjustments from the aspect of providing reliable financial results in companies obliged to apply them. However accounting data in the financial reports are not adequate by themselves for their users who would also like to have information about all conditions that are current and that may have an effect in the future. In order to enable this, companies must have adopted corporate governance principles and must be applying them. In order for the financial statements and reports to meet the requirements of all expectations, the level of transparency must be high. Transparency which is one of the fundamental principles of corporate governance requires all financial and non-financial information to be disclosed to the public in a timely, correct, complete and easily accessible manner. The adoption of corporate governance in companies is directly related to the transparency of financial reporting and the increase in the level of public disclosure. As a method in this study a regulation scan has been performed and the subject has been examined in the framework of corporate governance principles issued by the Capital Markets Board. In achieving the goal of the study, a gathering of other studies in the subject and arrangements in the legislation was performed.

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