The objective of this study is to put forward the place and the importance of the understanding ofthe corporate governance in the public disclosure and transparency. The understanding of the corporategovernance is the management of corporations in a manner that will provide the maximum benefit for allthe related personalities and groups. Data disclosed by financial reporting is very crucial both for thecurrent partners of the company and the future investors. The standards of accounting and financialreporting contain important adjustments from the aspect of providing trustable financial results incompanies obliged to apply them. However accounting data in the financial reports are not adequate bythemselves for their users who would also like to have information about all conditions that are current andthat may have an effect in the future. In order to enable this, companies must have adopted corporategovernance principles and must be applying them. In order for the financial statements and reports to meetthe requirements of all expectations, the level of transparency must be high. Transparency which is one ofthe fundamental principles of corporate governance requires all financial and nonfinancial information tobe disclosed to the public in a timely, correct, complete and easily attainable manner. The adoption ofcorporate governance in companies is directly related to the transparency of financial reporting and theincrease in the level of public disclosure. As a method in this study a regulation scan has been performedand the subject has been examined in the framework of corporate governance principles issued by theCapital Markets Board. In reaching the goal of the study, a gathering of other studies in the subject andarrangements in the legislation was performed.