In Turkey, public partnerships whose shares are traded on the stock exchange and partnerships that apply to the CMB for their first public offering or trading on the stock exchange are subject to the provisions regarding corporate governance principles. In this context at the Communique On Corporate Governance, 4.3th article - 4.3.4th sub article about Structure of the Board of Directors states that The number of independent board members cannot be less than one third of the total number of board of directors. In calculation of the number of independent board members, fractions shall be considered as the following whole number. In any case, the number of independent board member shall not be less than two.
