Listed companies must have a certain number of independent members on their board of directors. Independent members serve on committees such as the audit committee and help protect the rights of minority shareholders.
Related terms
Corporate governance principlesPrinciples set by the CMB for listed companies concerning shareholders, public disclosure, stakeholders and the board of directors.Audit committeeA committee of the board of directors responsible for overseeing financial reporting, internal control, internal audit and the independent audit.Bonus issueIssuing shares to shareholders by adding a company's internal resources (reserves, retained earnings, capital adjustment differences) to its capital.Borsa IstanbulThe exchange in Turkey on which shares, debt instruments, derivatives and precious metals are traded.Capital Markets Board (CMB)The independent administrative authority responsible for regulating and supervising capital markets in Turkey.Capital Markets Law No. 6362The principal law governing the operation of capital markets in Turkey, the obligations of issuers and the powers of the CMB.
Last updated: October 22, 2026 · This definition is for general information only.