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ARTICLE · 01 DECEMBER 2020

Corporate Governance In Turkey 2020

Gün + Partners
Gün + Partners
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Gün + Partners

Gün + Partners

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Sources of corporate governance rules and practices

TurkeyCorporate/Commercial Law

Sources of corporate governance rules and practices

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) 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:

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