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The Minority Shareholder Rights In The Jo?Nt Stock Companies According To Turkish Commercial Code

Author

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  • O?uz Yolal

    (KONYA SELÇUK ÜN?VERS?TES?)

Abstract

Minority shareholder rights are given to protect certain shareholders against majority shareholders. Majority rule prevails in the joint stock companies. Therefore, majority groups influence making decisions in these companies in Turkey. In this case, shareholders who constitute a majority at general assembly bring about violating minority shareholders? rights. Because minority rights are intended to balance between majority and minority groups. Neither majority stakeholders nor minority stakeholders can be only executive of the joint stock companies. Minority shareholder rights are guaranteed by legal regulations. Minority rights are also regulated in the Turkish Commercial Code. According to Turkish Commercial Code, 10 percent of capital stock in the non-public incorporated companies and 5 percent of paid stock in the public joint stock company companies are minority.Minority rights are separated as positive and negative minority rights in the Turkish Commercial law. Turkish Commercial Code contains eight positive and two negative minority rights.The aim of this article is to examine ?The Minority Shareholder Rights In The Joint Stock Companies According To Turkish Commercial Code?.

Suggested Citation

  • O?uz Yolal, 2016. "The Minority Shareholder Rights In The Jo?Nt Stock Companies According To Turkish Commercial Code," Proceedings of International Academic Conferences 3606085, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:3606085
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    File URL: https://iises.net/proceedings/23rd-international-academic-conference-venice/table-of-content/detail?cid=36&iid=100&rid=6085
    File Function: First version, 2016
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    More about this item

    Keywords

    minority rights; shareholder rights; Turkish Commercial Code;
    All these keywords.

    JEL classification:

    • K30 - Law and Economics - - Other Substantive Areas of Law - - - General
    • K30 - Law and Economics - - Other Substantive Areas of Law - - - General

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