Communiqué On Corporate Governance II

In accordance with the provisions of the Turkish Commercial Code No. 6102 ("TCC") and the Capital Markets Law No. 6362, the Communiqué on Corporate Governance II No:17.1 ("Communiqué") which abolished the Communiqué on the Determination and Implementation of Corporate Governance Rules (Series IV, No. 56) and the Communiqué on Principles to be Complied with by Joint Stock Companies subject to the Capital Markets Code (Series IV, No. 41), was published in the Official Gazette dated 03.01.2014 and numbered 28871. Other provisions of the Communiqué have been examined in our Newsletter article entitled "Communiqué on Corporate Governance I" and therefore, the subject of this Newsletter article is exclusively the examination of the principles prescribed in the Communiqué.