Dergiler / Legal Hukuk Dergisi / 2017 / Cilt: 15 - Sayı: 176

(TÜRKİYE’DE ANONİM ŞİRKET YÖNETİMİNE İLİŞKİN TEMEL İLKELER)

BASIC PRINCIPLES ABOUT THE MANAGEMENT OF A JOINT STOCK COMPANY IN TURKEY

Sayfa
3953–3959
DOI
—

Özet

Board of directors (BOD) is one of the legal bodies of the jointstock company that has the authority to direct and represent the company.The new TCC lets the formation of the BOD of a joint-stock companywith the existence of even one single member which means thatboard of directors may be constituted solely by one member. The newTCC also gives opportunity to employ professionals in the board andelect legal entities as BOD members. Joint stock companies may alsohave insurance for the members of the board of directors as a guaranteefor the damages and losses they may cause related to their duties.On the other hand, foreign real and legal persons can establish ajoint stock company in Turkey and may elect themselves or other nonTurkishcitizens and residents as members of the BOD, which mean thatthey can direct their company without leaving their country of origin.Due to the technological advances, the new TCC allows electronic signatureusage and online meetings, too. In short, the New TCC enablesthe management of a joint-stock company easier and more efficient thanbefore. The new TCC also redefines the meeting and decision quorum ofBOD so as to let the management and representation of the companydrastically. We will discuss this topic in our following article.

Abstract

Board of directors (BOD) is one of the legal bodies of the jointstock company that has the authority to direct and represent the company.The new TCC lets the formation of the BOD of a joint-stock companywith the existence of even one single member which means thatboard of directors may be constituted solely by one member. The newTCC also gives opportunity to employ professionals in the board andelect legal entities as BOD members. Joint stock companies may alsohave insurance for the members of the board of directors as a guaranteefor the damages and losses they may cause related to their duties.On the other hand, foreign real and legal persons can establish ajoint stock company in Turkey and may elect themselves or other nonTurkishcitizens and residents as members of the BOD, which mean thatthey can direct their company without leaving their country of origin.Due to the technological advances, the new TCC allows electronic signatureusage and online meetings, too. In short, the New TCC enablesthe management of a joint-stock company easier and more efficient thanbefore. The new TCC also redefines the meeting and decision quorum ofBOD so as to let the management and representation of the companydrastically. We will discuss this topic in our following article.