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Istanbul stock exchange moves first on mandatory electronic voting

Ararat, Melsa and Eroğlu, Muzaffer (2012) Istanbul stock exchange moves first on mandatory electronic voting. Harvard Law School Forum on Corporate Governance and Financial Regulation .

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Official URL: http://blogs.law.harvard.edu/corpgov/2012/11/06/istanbul-stock-exchange-moves-first-on-mandatory-electronic-voting/

Abstract

Turkey’s New Company Law paved the way for its national stock exchange to be the first in the world to require the issuers change their company statutes in order to allow electronic participation and voting at their general assemblies. A recent regulation mandated all listed companies to use a single electronic portal to allow shareholders to participate and vote electronically in general assemblies with immediate effect. The move is one in a series of reforms in support of Istanbul International Financial Center Project. The Financial Times refers to the new regulation as a coup for international institutional investors with Turkish holdings as it increases the transparency of ISE listed companies and empowers them to embrace an activist approach. This commentary discusses the possible consequences of the new regulation.

Item Type:Article
Subjects:H Social Sciences > HG Finance
ID Code:24379
Deposited By:Melsa Ararat
Deposited On:01 Oct 2014 15:16
Last Modified:01 Oct 2014 15:16

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