Limitation of the General Assembly's Authority to Dismiss the Members of the Board of Directors

Basit Öğe Kaydı
dc.authoridVeziroglu, Cem/0000-0001-5776-5846
dc.authorwosidVeziroglu, Cem/S-3898-2018
dc.contributor.authorYanli, Veliye
dc.contributor.authorVeziroglu, Cem
dc.date.accessioned2024-07-18T20:49:16Z
dc.date.available2024-07-18T20:49:16Z
dc.date.issued2023
dc.departmentİstanbul Bilgi Üniversitesien_US
dc.description.abstractProvisions that restrict the dismissal of board members can serve to protect the interests of a company's legal personality, minority shareholders, and board members in various contexts. It also enables control to be shared between majority and minority shareholders in legal systems where the block shareholding structure is the prevailing model, such as in Turkiye. However, these types of provisions limit the absolute and inalienable power of the general assembly to dismiss members from the board of directors. Thus, in cases where the trust has been broken between a board member and the company, these provisions limit the ability to dismiss the relevant member from duty. Nevertheless, an uncertainty exists within Turkish Law regarding whether the arrangements limiting the dismissal of board members are valid within the corporate structure. This study seeks answers to the following two questions about the possibility of limiting the general assembly's authority to dismiss board members through a regulation in the articles of association: Can such a decision be tied to a certain period or to the presence of justified reasons or of certain conditions, and can special quorums be called for in a general assembly meeting regarding such a decision. While the answer to the first question in the existing doctrine is generally negative, the answer to the second question is positive. In accordance with the opinion adopted in this study, limiting the dismissal of members of the board of directors should not be possible through regulations such as just cause, conditions, time, or sanctions. Similarly, increasing the meeting and/or decision quorums should also not be possible regarding the dismissal of members from a board of directors.en_US
dc.identifier.doi10.26650/mecmua.2023.81.2.0001
dc.identifier.endpage347en_US
dc.identifier.issn2636-7734
dc.identifier.issn2667-6974
dc.identifier.issue2en_US
dc.identifier.startpage301en_US
dc.identifier.urihttps://doi.org/10.26650/mecmua.2023.81.2.0001
dc.identifier.urihttps://hdl.handle.net/11411/8140
dc.identifier.volume81en_US
dc.identifier.wosWOS:001089168000001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isotren_US
dc.publisherIstanbul Univ, Fac Lawen_US
dc.relation.ispartofIstanbul Hukuk Mecmuasien_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectJoint Stock Companyen_US
dc.subjectBoard Of Directorsen_US
dc.subjectBoard Memberen_US
dc.subjectRemovalen_US
dc.subjectDismissalen_US
dc.subjectArticles Of Associationen_US
dc.subjectCorporate-Lawen_US
dc.titleLimitation of the General Assembly's Authority to Dismiss the Members of the Board of Directors
dc.typeArticle

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