Introduction Board members of Turkish joint stock companies (Anonim Şirket – A.Ş.) hold significant managerial authority and decision-making power. However, this authority is accompanied by extensive legal responsibility. Under Turkish law, board members may face civil, criminal, administrative, and tax liability if they breach statutory duties or act negligently. The Turkish Commercial Code (TCC) No. […]
Introduction Serving as a director in a Turkish company—particularly in a joint stock company (A.Ş.) or limited liability company (Ltd.)—carries significant legal responsibility. Turkish law imposes strict fiduciary duties and compliance obligations on directors, and failure to fulfill these duties may result in civil compensation claims, criminal prosecution, administrative fines, and tax liability. For foreign […]