Regulatory Alerts2014-06-25
Added · Updated
Communiqué on Voting by Proxy and Proxy Solicitation
The Capital Markets Board of Turkey issued this Communiqué to establish the principles and procedures for voting by proxy and proxy solicitation in publicly held corporations. It mandates specific forms and disclosure requirements for powers of attorney, prohibits the sale of proxy solicitation services, and sets strict liability standards for inaccurate information in solicitation materials. The regulation repeals the 1994 version of this Communiqué and applies to various financial institutions including banks, insurance companies, and pension funds.
Topics
Share