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Türk Ticaret Kanunu

Turkish Commercial Law

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Summary

The corporate governance approach in this Law is based on four pillars: full transparency, fairness, accountability and responsibility. Full transparency and accountability is required in the company's financial statements, boards of directors’ annual reports, independent audits, and transactional auditors. The board of directors of publicly held companies are now obliged to publish corporate governance reports which outline their policies and practices.

Thumbnail image for The corporate governance approach in this Law is based on four pillars: full transparency, fairness, accountability and responsibility. Full transparency and accountability is required in the company's financial statements, boards of directors’ annual reports, independent audits, and transactional auditors. The board of directors of publicly held companies are now obliged to publish corporate governance reports which outline their policies and practices.
Issuer

Turkey

Year

2011

Region

Asia

Issuer (type)

Ministry of Finance of the Republic of Turkey (Government)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Finance & Insurance
  • Transportation & Warehousing
  • Wholesale trade
  • Professional, Scientific, & Technical Services
Restrictiveness

Moderate

Sustainable Development Goals (SDGs)
  • SDG 5: Gender Equality
  • SDG 17: Partnerships for the Goals

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