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Turkish Commercial Code (TCC) no. 6102 was accepted on January 07, 2011 and put into practice on July 01 that year with the exclusion of few exceptional clauses. It has been only five years since its exercise; however, it is relatively a short period of time for an essential code like this to be fully comprehended and practiced. Therefore, TCC no. 6102 may still be qualified as a ‘new’ one. Concerning the company law, this new commercial code has brought about a number of improvements and alterations some of which are related to the minority rights which caused many faults during the period the previous code was in use. The profitability, efficiency and investment strategies of companies do not only concern the shareholders but also the countries whose nationality these companies belong to [1]. Following limited liability companies, joint-stock companies are the second most preferred type of company structure in Turkey. This type of companies, which are favoured for sizeable investments on account of their capital and operational structures, has a key role in Turkish Law. Besides, foreign investors who opt for doing business in Turkey choose either to start a joint-stock company or to partner up with an already existing one. For such an actuality, it is of paramount importance to provide proper operations of these companies that hold the majority of the total capital. |
