Law No. 7511: changes in the functioning of the board of directors
Archive: brief summary of the changes regarding the distribution of board duties and the order of calling meetings.
Law No. 7511 changed some provisions regarding the functioning of the board of directors of joint stock companies. The phrase "every year" in the provision regarding the election of the president and vice president was removed; The appointment and dismissal procedures for branch managers were also rearranged.
A period of 30 days is stipulated for calling a meeting upon written request of the majority of the board members. The law also addresses the situation where the call is not made or the president and his deputy cannot be reached.
This news is archive content regarding the amendment dated 2024, it is not a newly published regulation. When evaluating their internal operations, companies should check their articles of association, representation arrangements and the meeting quorum provisions of the law.
Automatic translation. If in doubt, review the Turkish text and the official source.