Board of directors
Corporate, Commercial and Contract Law
The board of directors is the mandatory body that manages and represents a joint-stock company and consists of one or more persons appointed in the articles of association or elected by the general assembly. It is regulated in Articles 359 et seq. of the Turkish Commercial Code (TTK). Members are elected for a maximum of three years. Duties such as the senior management of the company, determining the management organization and establishing the financial order cannot be delegated by the board.
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