DISCUSSIONS SURROUNDING THE PRINCIPLE OF MINORITY SHAREHOLDER PROTECTION

Year 2020, Volume: 6 Issue: 2, 265 - 282, 31.12.2020

Meltem Karatepe Kaya

Abstract

This article analyses the arguments of those
who do not necessarily agree with certain rights to be
granted to the minority shareholders in companies to
protect their interests. Following the presentation of
those arguments, the attention will be given on
opposite views in this regard to understand the
necessity of the existence of minority shareholder
protection. Since majority shareholders have higher
percentage of the capital, so that the voting powers,
their approach unfortunately ignores the rights of
minority shareholders in most cases. This abusive
approach of majority shareholders affects the interests
of minority shareholders and companies in a negative
way. In addition, whole national economy is adversely
affected from this situation. To find a solution for this
problem, inclusive protection is provided to minority
shareholders.
With regard to this situation, while inclusive
protection is provided for minority shareholders to
gain an adequate remedy, there should nevertheless be
a legal framework which prevents majority
shareholders’ misuse of their corporate powers. In this
article, the principle of minority shareholder protection
will also be considered in the light of Turkish and
English company law to see how different jurisdictions
found the solutions for similar problems regarding
minority shareholders.

Keywords

minority shareholder protection, majority shareholders, Turkish Commercial Code, UK Companies Act of 2006

AZINLIK PAY SAHİPLERİNİN KORUNMASI İLKESİNE YÖNELİK TARTIŞMALAR

Abstract

Bu makale, azınlık pay sahiplerinin menfaatlerini korumak için onlara tanınan hakların gerekliliğine ilişkin öğretide yer alan farklı tartışmalara yer vermektedir. Öncelikle azınlık hissedarların korunmasının gerekliliğine karşı geliştirilen argümanlara yer verilecek sonrasında ise karşıt görüş olarak azınlıkların korunması gerektiğini savunan görüşler ve gerekçeleri sunulacaktır. Çoğunluk paylara sahip olan pay sahipleri şirkette sahip oldukları yüksek oy oranı ve bu kapsamda sahip oldukları yetkiler ile azınlık hissedarların haklarını göz ardı edebilmektedir
ve bu durum azınlık pay sahipleri üzerinde olumsuz sonuçlar doğurmaktadır. Hatta geniş çerçevede düşünüldüğünde bu durumun ülke ekonomisine bile olumsuz yansımaları olabilmektedir. İşte bu olumsuz etkileri bertaraf edebilmek için azınlık pay sahiplerine kapsamlı bir koruma sağlanmaktadır. Ancak, sadece azınlıkların koruması yeterli olmayıp, şirkette payların çoğunluğuna sahip olan çoğunluk pay sahiplerinin de şirketteki yetkilerini kötüye kullanmalarının önüne geçmek için düzenlemeler yapılması gerekmektedir. Bu makalede, azınlık pay sahiplerinin karşılaşabileceği benzer sorunlara farklı hukuk sistemlerinde nasıl çözümler bulduğunu görmek için azınlık hissedarların korunması ilkesi Türk şirketler hukuku ve İngiliz şirketler hukuku kapsamında ele alınacaktır.

Keywords

azınlık pay sahiplerinin korunması, çoğunluk pay sahipleri, Türk Ticaret Kanunu, 2006 İngiliz Şirketler Kanunu

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