1. Primary sources of law, regulation and
practice
What are the primary sources of law, regulation and
practice relating to corporate governance? Is it mandatory for
listed companies to comply with listing rules or do they apply on a
'comply or explain' basis?
The Turkish Commercial Code (TCC) dated 13 January 2011 (Law No.
6102) (TCC) entered into force on 1 July 2012. The TCC has
important objectives such as ensuring transparency, adopting
corporate governance standards and introducing internationally
accepted auditing and reporting standards.
In addition to the above, the laws, communiqués and
principles governing corporate rules and practice are as
follows:
- Law No. 6335 amending the TCC (the Amendment Code);
