Independent Directors as new members of the Board in Turkey
Companies will have new liabilities regarding with Corporate Management according to the new Trade Law in Turkey. One of the new regulations is related with the concept of the Non Executive Directors or Independent Directors of the Board. All companies will have to have Independent Directors as members at their Boards according to the new regulations.
Board of directors has high importance in creating institutional approach, effective implementation, acceptance and consolidation phases. Each company which is aware of the importance of supporting Management policy, principles and visions of actions tends to choose at least some Members of the Board of Directors from outside the institution.
At that point, it is recommended to have objective, independent professionals who don’t have any conflict of interest with the business and its’ employees and with shareholders. The professionals that we, as Net Consulting may recommend you from outside of the company will make you reach your targets as they make you proceed through your strategic plans in a safe way.
Why Independent Directors?
-To protect and respect the rights of minority shareholders and prevent the company to serve an interest group.
-To assure the accurate, impartial and transparent implementation of Corporate Management.
-To avoid conflicts of interest between main partners and minority shareholders and to provide a balanced management infrastructure
-To develop and enhance the strategic vision of institutions.
-To create additional value by transferring their experience gained in different institutions.
-There should be Independent Directors at the Board to assure the minority share holders can reach the correct valuations and to assure the correct valuations done on behalf of them.
The Independent Directors of the Boards are indispensable with their professional work experience which has been gained for long years and their knowledge and perspectives which contribute accurate and rapid growth strategies in the companies and with their independency protecting the shareholders and stakeholders.
Net Consulting is pleased to share its services at the level of international standards for all companies which aim to grow and reach their vision in a safe and guaranteed ways.
