Regulatory Alerts2014-05-29
Added · Updated
Communiqué on Corporate Governance
The Capital Markets Board issued this Communiqué to establish mandatory corporate governance principles and procedures for related party transactions for corporations trading on Turkish exchanges. It categorizes regulated entities into three groups based on market value, requiring specific compliance levels and independent board member appointments while granting exemptions for banks and joint ventures. The document further mandates independent appraisals and board approvals for significant related party transactions exceeding defined financial thresholds to ensure market transparency and fairness.
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