Seda Akipek and Müjdem Aksoy of Cerrahoglu
examine the implications of changes to Turkey's Commercial Code
which allow for electronic company meetings
One of the new mechanisms introduced by the new Turkish
Commercial Code (TCC) numbered 6102 and dated January 13 2011
(which has been in effect since July 1 2012) is the option for
joint-stock companies in Turkey to hold or attend meetings by
electronic means.
This new mechanism is of interest especially to global investors
in Turkey who had been experiencing difficulties with getting their
shareholders, managers and directors located outside of Turkey to
participate physically in meetings.
All references to companies in this article should be understood
to refer to joint-stock companies. Holding a general assembly
meeting by electronic means is an option for private joint-stock
companies, but is legally mandatory for public joint-stock
companies. The TCC also provides for the option for limited
liability
