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A FUNDAMENTAL CHANGE OF PERSPECTIVE IN THE LIABILITY OF THE BOARD OF MANAGERS IN THE NEW TURKISH CORPORATE LAW: TRANSFORMATION FROM PRUDENT MAN RULE TO BUSINESS JUDGMENT RULE

Year 2016, Volume: 2 Issue: 1, 0 - 0, 30.05.2016

Hüsnü Turanlı

Abstract

As is known the new Turkish Commercial Code (TCC) brought up many innovations regarding the corporate law. The liability of the executive board members is based on a differentiated solidarity instead of absolute solidarity and the duty of care is based on business judgment rule instead of prudent man rule. Despite the fact that this new concept is not prescribed in the article 369/1 of the Turkish Commercial Code, we can see it in the rationale of the provision itself. In this study the prudent man and the business judgment rules are reviewed as well as the reasons behind this transformation.

Keywords: Prudent man rule, business judgment rule, liability of the board of managers

Year 2016, Volume: 2 Issue: 1, 0 - 0, 30.05.2016

Hüsnü Turanlı

Abstract

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Hüsnü Turanlı This is me

Publication Date May 30, 2016
Submission Date June 7, 2016
Published in Issue Year 2016 Volume: 2 Issue: 1

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APA Turanlı, H. (2016). A FUNDAMENTAL CHANGE OF PERSPECTIVE IN THE LIABILITY OF THE BOARD OF MANAGERS IN THE NEW TURKISH CORPORATE LAW: TRANSFORMATION FROM PRUDENT MAN RULE TO BUSINESS JUDGMENT RULE. Ticaret Ve Fikri Mülkiyet Hukuku Dergisi, 2(1).
AMA Turanlı H. A FUNDAMENTAL CHANGE OF PERSPECTIVE IN THE LIABILITY OF THE BOARD OF MANAGERS IN THE NEW TURKISH CORPORATE LAW: TRANSFORMATION FROM PRUDENT MAN RULE TO BUSINESS JUDGMENT RULE. TFM. June 2016;2(1).
Chicago Turanlı, Hüsnü. “A FUNDAMENTAL CHANGE OF PERSPECTIVE IN THE LIABILITY OF THE BOARD OF MANAGERS IN THE NEW TURKISH CORPORATE LAW: TRANSFORMATION FROM PRUDENT MAN RULE TO BUSINESS JUDGMENT RULE”. Ticaret Ve Fikri Mülkiyet Hukuku Dergisi 2, no. 1 (June 2016).
EndNote Turanlı H (June 1, 2016) A FUNDAMENTAL CHANGE OF PERSPECTIVE IN THE LIABILITY OF THE BOARD OF MANAGERS IN THE NEW TURKISH CORPORATE LAW: TRANSFORMATION FROM PRUDENT MAN RULE TO BUSINESS JUDGMENT RULE. Ticaret ve Fikri Mülkiyet Hukuku Dergisi 2 1
IEEE H. Turanlı, “A FUNDAMENTAL CHANGE OF PERSPECTIVE IN THE LIABILITY OF THE BOARD OF MANAGERS IN THE NEW TURKISH CORPORATE LAW: TRANSFORMATION FROM PRUDENT MAN RULE TO BUSINESS JUDGMENT RULE”, TFM, vol. 2, no. 1, 2016.
ISNAD Turanlı, Hüsnü. “A FUNDAMENTAL CHANGE OF PERSPECTIVE IN THE LIABILITY OF THE BOARD OF MANAGERS IN THE NEW TURKISH CORPORATE LAW: TRANSFORMATION FROM PRUDENT MAN RULE TO BUSINESS JUDGMENT RULE”. Ticaret ve Fikri Mülkiyet Hukuku Dergisi 2/1 (June 2016).
JAMA Turanlı H. A FUNDAMENTAL CHANGE OF PERSPECTIVE IN THE LIABILITY OF THE BOARD OF MANAGERS IN THE NEW TURKISH CORPORATE LAW: TRANSFORMATION FROM PRUDENT MAN RULE TO BUSINESS JUDGMENT RULE. TFM. 2016;2.
MLA Turanlı, Hüsnü. “A FUNDAMENTAL CHANGE OF PERSPECTIVE IN THE LIABILITY OF THE BOARD OF MANAGERS IN THE NEW TURKISH CORPORATE LAW: TRANSFORMATION FROM PRUDENT MAN RULE TO BUSINESS JUDGMENT RULE”. Ticaret Ve Fikri Mülkiyet Hukuku Dergisi, vol. 2, no. 1, 2016.
Vancouver Turanlı H. A FUNDAMENTAL CHANGE OF PERSPECTIVE IN THE LIABILITY OF THE BOARD OF MANAGERS IN THE NEW TURKISH CORPORATE LAW: TRANSFORMATION FROM PRUDENT MAN RULE TO BUSINESS JUDGMENT RULE. TFM. 2016;2(1).