About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -The purpose of this study is to understand the power dynamics of the boards of directors in family-owned and listed Turkish companies. Power and dominance in the boardroom can be studied in relation to three variables: the institutional environment in which the firm is embedded; the structural configurations of the board; and the top manager's propensity to exercise his/her power resources. Focusing on the board level, this paper aims to conceptualize power dynamics as being composed of structural attributes, roles assumed, responsibilities, dependency and representation.Design/methodology/approach -The research domain of this exploratory study is family-owned and listed companies operating on the Istanbul Stock Exchange (ISE). The data for the study were collected from three different sources: a survey administered to members of the boards of directors; discourse analysis of corporate governance compliance reports of the same companies; and in-depth interviews conducted with board members.Findings -This study shows that on a typical board of directors of a family-owned and listed Turkish company, the interests of owners and managers are aligned and other stakeholders are not represented; the role of the board is confined to visibility and legitimacy and does not include control.Originality/value -This paper argues that theories developed for Anglo-Saxon equity-market based business systems have limited exploratory power for an emerging economy -namely Turkey -that is based on a business system characterized by close co-operation between the state, family-owned businesses and financial markets.

Distribution électronique Cairn.info pour De Boeck Supérieur. © De Boeck Supérieur. Tous droits réservés pour tous pays.La reproduction ou représentation de cet article, notamment par photocopie, n'est autorisée que dans les limites des conditions générales d'utilisation du site ou, le cas échéant, des conditions générales de la licence souscrite par votre établissement. Toute autre reproduction ou représentation, en tout ou partie, sous quelque forme et de quelque manière que ce soit, est interdite sauf accord préalable et écrit de l'éditeur, en dehors des cas prévus par la législation en vigueur en France. Il est précisé que son stockage dans une base de données est également interdit.

Corporate governance has been one of the major issues studied by academicians in management and economics. Recent problems faced by various companies in certain economic systems forced the widespread adoption and implementation of corporate governance logic and principles by various types of companies. This study describes the successful implementation of corporate governance (CG) principles by Dogan Yayın Holding (DYH) which is Turkey's leading media-entertainment conglomerate. The company's success in implementing the CG principles led to the improvement of its company image, gaining prestige in the eyes of foreign institutional investors, and improving its internal and external control mechanisms. Considering all of these implementations, one can realize the successful involvement of DYH in pursuing good CG practices in Turkey.

No abstract