Abstract:

In conjunction with the considerable developments in Turkish economy in recent years, both foreign capital investment incoming our country, and expansion of Turkish investors abroad made it necessary to issue a new Turkish Commercial Code consistent with the conventions of international markets. For this purpose, numbered 6102 Turkish Commercial Code which will revoke the numbered 6762 Turkish Commercial Code that is in force for approximately fifty years, is adopted in Turkish Grand National Assembly and published in Official Gazete bearing date of February, 14, 2011. Before the law came into force in 1st July 2012, changes done by the law numbered 6335 in Turkish Commercial Code and Enactment Law. The dominating conception in the numbered 6102 Turkish Commercial Code (the New Turkish Commercial Code will be used in remainder of the study) is to build the corporate governance principles. Especially in the corporations whose shares are trading on the stock exchange, it is tried to develop a new rules system oriented to attend all the persons concerned, firstly shareholder’s, interests. Transparency, a good and accountable management and an effective internal and external auditing form the basis of these rules. In this context, a lot of arrangements are made in new Turkish Commercial Code.

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