Union of Chambers and Commodity Exchanges of Turkey

Also attending the meeting were Customs and Commerce Minister Hayati Yazıcı, Capital Market Council President Vahdettin Ertaş, MKK Board President Murat Ulus, MKK Director General Yakup Yakup Ergincan and representatives of public institutions.

During the meeting, the “Electronic General Assembly System” mandatory for corporations quoted on the exchange was introduced. It was reported that the number of companies holding general assembly online has increased to 437.

Minister Yazıcı praised the system and stated that it has received awards from international rating institutions.

According to the 1527^th Clause of the new Turkish Trade Law (TTK), it has become mandatory for corporations quoted on the exchange to use the “Electronic General Assembly System” to hold general assembly online.

Facilitating procedures for companies, especially those with shareholders overseas, the system has provided decrease in costs, the secure archiving of records pertaining to general assemblies, correct and complete vote counts, compliance with institutional management tenets and easy access to records.