Management of Joint Stock Companies: Spain and Turkey Compared
Abstract
This paper analyzes the regulation of directors of capital companies in Spain compared with the management model of joint stock companies followed by the Turkish Commercial Code No. 6102. The Spanish model and its legal solutions may serve to further reform of the rules of the management of joint stock companies in Turkey. Specifically, the paper is focused on: (I) In the organisational arrangements, developing the composition and functioning of the Board of directors; (ii) The status of directors, in particular, the requirements to be a director, ways of appointments, dismissal, remuneration, and liability.
Keywords
References
- Real Decreto Legislativo 1/2010, de 2 de julio, por el que se aprueba el texto refundido de la Ley de Sociedades de Capital,hereinafter LSC