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The corporate governance debate in Turkey only started in 2002. Influenced by the OECD, the Principles were embraced by the Capital Markets Board of Turkey. Having the support of the National Assembly, Capital Markets Board of Turkey continue its course of encouraging corporate governance principles in Turkey and raise awareness. Yet, considering Capital Markets Board of Turkey’s reluctance to use its full authority bestowed upon by the Capital Markets Law, we can see that this is a slow process for Turkey.