Corporate Governance Rating of Norm Holding Reaches 9.26
Foreks - Saha Corporate Governance and Credit Rating Services Inc., one of Turkey's leading corporate rating companies, has re-evaluated Norm Holding for the third time, updating its Corporate Governance Rating from 9.19 to 9.26 out of 10 after the recent review activities conducted over the past year.
Saha Corporate Governance and Credit Rating Services Inc., which determines the corporate governance rating of companies licensed by the Capital Markets Board (CMB), has raised Norm Holding’s Corporate Governance Rating to 9.26 as a result of an analysis conducted under the main heading of "Corporate Governance Principles," covering Norm Holding and all its affiliated companies. Following a rating of 9.04 in the first evaluation conducted in 2022, Norm Holding increased its score to 9.19 this year and then further raised it by 7 points to 9.26, demonstrating once again its commitment to working in alignment with the CMB's Corporate Governance Principles.
Norm Holding CEO Mahmut Öztürk stated, “Although we are not a publicly traded company, we aim to comply with the Corporate Governance Principles II-17.1 Communiqué, which is regulated by the Capital Markets Board in accordance with the Capital Markets Law No. 6322, which is currently in effect. According to the World Corporate Governance Index (WCGI) published by SAHA on July 12, 2023, Norm Holding is categorized within the first group. We are proud to have reached a corporate governance rating of 9.26 this year through our efforts. Continuing our stable growth is both a source of pride and happiness for us. We are reaping the fruits of our labors. This score, shaped by the importance we place on corporate governance principles, our willingness to conduct this process as a continuous and dynamic endeavor, and the steadfast efforts we have undertaken in this direction, aims to elevate even further through our continuous work until 2025.”
About Norm Holding: Established in 1973, Norm Holding operates not only in Turkey but also in Canada, the USA, the United Kingdom, Germany, France, Poland, Romania, and China. With over 4,200 employees, 24 companies, 20 production facilities, and 15 sales and logistics centers, Norm Holding continues to grow daily in connection components, trade, technology, additive manufacturing, mold and sheet metal forming, machining, chemistry, machinery and automation, hot forging, agriculture, and food sectors.