Category Archives: Blog

IS IT MADATORY TO CONDUCT CUMULATIVE VOTING FOR THE ELECTION OF MEMBERS OF THE BOARD OF DIRECTORS AND THE SUPERVISORY BOARD IN PUBLIC COMPANIES

For regular public companies: Cumulative voting is not regulated in securities law, so we will apply the corporate law in the order of law application (Securities Law – specialized laws – corporate law). According to clause 3, Article 148 of the Enterprise Law, except for cases where the company’s charter provides otherwise, the voting for…