Option for joint-stock companies in Turkey to hold or attend meetings by electronic means
By Seda Akipek and Müjdem Aksoy
One of the new mechanisms introduced by the new Turkish Commercial Code (TCC) numbered 6102 and dated 13 January 2011 (which has been in effect since 1 July 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 companies to hold meetings by electronic means…
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