ABSTRACT
This chapter aims to give an overview of the regulations in Turkish corporate law and capital markets law with respect to the board of directors and the committees established within the board, and aims to answer the question whether or not these regulations serve as an efficient system. The regulations of Turkish law are explained and certain proposals are advanced as to the amendments required to be made in the legislation with respect to the formation, duties, powers and responsibilities of the board with a view to increasing the efficiency of the board of directors. Besides socio-economic, political and regulatory factors, effecting the adoption of the current regulations is considered. Finally, the study explains the results of the researches as to whether or not the regulations in force create firm value in practice.
