Board of Directors
"What are the duties and liabilities of board members in Turkey?"
Quick Answer
Board members of Turkish companies have fiduciary duties including loyalty and care. They may be personally liable for damages caused by negligent management.
Scope and Legal Distinctions
The board manages and represents a joint-stock company within the statutory framework. Delegation does not dispose of duties reserved to the board or create immunity for a culpable breach.
What to Check in Practice
Review appointment terms, registered representation powers, delegations, conflicts and minutes. Separate a company's debt from any personal-liability claim against a board member.
Sources & Authorities
Statutory framework and official guidance for this definition.
Need Expert Legal Guidance?
Our experienced attorneys can help you navigate board of directors under Turkish law.
Schedule a Consultation