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ARTICLE · 28 JANUARY 2014

Executive And Non-Executive Board Members Under The New Turkish Commercial Code

Schoenherr (Schönherr Rechtsanwälte)
Schoenherr (Schönherr Rechtsanwälte)
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Schoenherr (Schönherr Rechtsanwälte)

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The executive and non-executive members of the Board of Directors (Directors) under the Turkish Commercial Code and the requirements to delegate the administrative pow-ers of the Board of Directors.

TurkeyCorporate/Commercial Law
Tomurcuk Eroğlu
Tomurcuk Eroğlu
Ece Çağıl
Ece Çağıl
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The exec­u­tive and non-executive mem­bers of the Board of Direc­tors (Direc­tors) under the Turk­ish Com­mer­cial Code and the require­ments to del­e­gate the admin­is­tra­tive pow­ers of the Board of Directors.

The new Turkish Commercial Code No. 6102 (TCC), effective as of 1 July 2012, brought significant innovations concerning the structure and authority of the Board of Directors (Board) of joint stock companies (JSC). Beyond the structural changes, the TCC brought innovations to the classification of the management powers of the Board. This article focuses on the new regime regarding the delegation of the powers and authorities of the directors to executive directors of the board (Executive Director).

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