Corporate governance consulting plays a critical role in increasing efficiency of companies in Turkey. Turkey hosts numerous foreign or national companies within its own jurisdiction. Effective management practices aligned with international standards can ensure that activities such as accounting, auditing, and oversight are conducted proficiently within Turkey’s legal framework. In this way such activities can be managed properly and effectively according to international standards for corporate governance.

Understanding Corporate Governance in Turkey?

Corporate governance encompasses rules, practices, and processes guiding proper management and oversight of a company. Corporate governance encompasses the rules, practices, and processes that guide a company’s management and oversight. Typically, a company’s board of directors holds the responsibility for these activities, which include organizing senior management, overseeing audits, and managing board and general assembly meetings according to both national and international standards.

What Are the 4 Principles for Corporate Governance?

There is a global recognition that corporate management concerned must perform their duties in compliance with 4 principles:

Transparency: Ensuring openness in decision-making and processes
Fairness: Treating all stakeholders equitably and justly
Responsibility: Acknowledging the board’s duty to protect the interests of the company and its stakeholders
Accountability: Establishing mechanisms for answering to stakeholders and evaluating decisions

What is Corporate Governance Consulting?

An efficient corporate governance advisory must address a set of policies and work including,

Embracing strategies for investment and risk management with regard to company formation and type change,
Policies for senior executive hiring and management.

Oversight of company activities to meet regulatory standards.
Development of investment and risk management strategies suitable for the company’s structure.

Consulting services also extend to facilitating the adoption of international standards for accounting, auditing, and management supervision. Transparency and accountability are crucial, forming the basis for trustworthy governance. Corporate Governance Consulting covers all services obtaining assistance for the initialization of the relevant company. The introduction of full enforcement of international standards for auditing, accounting and supervising of company management is a significant part of corporate governance consulting. Transparency and accountability are another important aspect for the managerial team.

What Are Key Legal Frameworks Governing the Corporate Governance Consulting in Turkey?

Commercial life has broadly changed over the years. That is the case for such rules and practices particularly because of the recent economic downturn over the world. Regarding newly emerging commercial necessities, the Turkish corporate law regime establishes a comprehensive legal framework for natural and legal persons and|or corporations. Turkish Commercial Code (Numbered 6102) and Capital Markets Law (Numbered 6362) have been at the heart of corporate governance practice in Turkey.

How Is Turkey’s Corporate Governance System is Changing?

It should be stressed at the outset that Turkish policy makers work on attracting more investors to Turkey. Several progress has been made through the revision, amendment and adoption of new regulations.

Such developments must be carefully analyzed by all practitioners including Turkish business lawyers. Recently the Law Numbered 7529 was passed through the Turkish Grand National Assembly through establishment of direct sale system in Turkey within the meaning of new Article 47 (A) of the Law on Consumer Protection Numbered 6502.

What Are Corporate Governance Services by Pi Legal Consultancy?

Pi Legal Consultancy business lawyers offer professional support to our commercial enterprises on understanding and absorbing main obligations and rights provided by relevant regulations.

Core principles of good governance particularly for large corporations require an innovative approach. Such approach may only be developed by professional legal experts. Our corporate governance lawyers can give comprehensive guidance on those matters.

We also offer effective support to foreign clients based outside of Turkey for an efficient organization of their operations and the enhancement of their competitive strength in Turkey.

What Does a Corporate Governance Consultant Do for Pi Legal Consultancy?

Our corporate governance consultancy service extends to, inter alia, as follows:

- Organizing and managing board and general assembly meetings.
- Handling capital changes and overseeing structural transformations.
- Advising on legal and criminal liabilities for company founders, board members, and management.
- Supporting the formation of companies, liaison offices, and branch offices.
- Assisting with mergers and acquisitions, including due diligence and contract drafting.
- Addressing taxation and legal disputes as necessary.
- Preparing comprehensive contracts related to mergers, franchising, and trademark licensing.
- Establishment of a company in Turkey,
- Incorporation of liaison office,
- Formation of branch office,
- Mergers and acquisitions of commercial firms; audit of such transactions,
- Taxation issues and taking legal actions if necessary,
- legal procedures for core corporate governance issues including the establishment of a company and the institution of a branch in Turkey,
- contracts for mergers and acquisitions, franchising, agency, trademark and trademark licencing.

Key developments changing the scope of corporate governance consultancy

There is no doubt that landmark international organizations play a signifant role upon the development of Turkey investment area as a global investment hub. In this context, Turkish policy-makers took a commitment of the full compliance of the emerging capital markets system in line with the Financial Task Force standards and principles designed for the prevention of money laundering and terrorism, the Law Numbered 7518 Amending the Capital Markets Law Numbered 6362, has been enacted. The Law Numbered 7518, regarded as Crypto Law of Turkey, came into force following its publication in the Official Gazette dated July 2, 2024.

During this development, the FATF removed Turkey’s name from its grey list. Take a look at our up-to-date article on the 2024 FATF Decision on Turkey

What are the 2024 amendments to Turkish Commercial Code (Numbered 6102) for corporate governance?

A comprehensive corporate governance consultancy also requires the up-to-date legal changes made by lawmakers and policymakers. Thus we should bear in mind the recent changes to the 2024 Amendments to Turkish Commercial Code.The Law Numbered 7511 revising Turkish Commercial Code (Numbered 6102) includes vital modifications to rules for the board of directors as follows:

the obligation by the board of directors for the election of a chair and vice chair every year is eliminated from article 366 of Turkish Commercial Code,
the mandate for the appointment and dismissal of branch managers by the board of directors is abolished under article 375 of Turkish Commercial Code.
where the chair of the board does not perform his|her duties properly about the call for a meeting, the call for the meeting may be carried out by the members of the board under new version of article 392 of Turkish Commercial Code.

What is the 2024 Minimum Capital Amount

for Limited Liability and Joint-Stock Companies according to recent legal revisions?

As of 1.10.2024, the minimum capital amount for joint-stock companies was increased from 50.000 to 250.000TRY. Additionally, the minimum initial capital amount was also increased from 100.000 to 500.000 TRY for non-public joint stock companies.

In terms of the limited-liability companies, 50.000 TRY rather than 10.000 TRY as the minimum capital amount will apply in the new year.

For more discussions, take a look at our article on Increase in Monetary Threshold of Initial Public Offerings 2024 for Turkey

For a comprehensive discussion on the establishment of limited liability companies, take a look at our article on Limited Liability Company Formation.

Corporate Governance Consulting by Pi Legal Consultancy

At Pi Legal Consultancy, we specialize in providing expert corporate governance consulting services, ensuring that businesses operate with transparency, accountability, and efficiency. Our experienced corporate governance consultants work closely with companies to help them navigate the complexities of governance structures, ensuring alignment with legal and regulatory frameworks.

Corporate Governance Consulting Services

Our firm offers a wide range of corporate governance consultancy solutions, tailored to the unique needs of your business. Whether you are a startup or a well-established corporation, we assist in developing governance frameworks that ensure compliance, foster growth, and enhance shareholder value.

Key services include:

Corporate governance advisory services that focus on board management, stakeholder relations, and regulatory compliance.
Designing robust internal control systems to monitor and manage risk effectively.
Helping businesses develop policies that align with both local and international governance standards.

Corporate Governance Advisory Firms

As one of the leading corporate governance advisory firms in Turkey, Pi Legal Consultancy provides strategic insights that support sustainable business practices. Our corporate governance advisory team conducts thorough reviews of your company’s current governance practices and offers actionable advice to improve performance and accountability.

We also provide ongoing support to ensure that governance frameworks evolve with your company’s growth and changes in the regulatory landscape.

Corporate Governance Consulting Firms in Turkey

Turkey’s corporate environment requires businesses to adhere to complex legal regulations while maintaining ethical governance practices. At Pi Legal Consultancy, we pride ourselves on being one of the most reliable corporate governance consulting firms in the country, offering in-depth guidance and compliance checks. Our corporate governance consulting services are designed to keep your company in good standing with all relevant laws and enhance your corporate reputation.

	Name	Phone	Address	Profile Page
pi legal consultancy	Pi Legal Consultancy Ankara Office	+90 536 038 0222	Korkut Reis Mahallesi Necatibey Caddesi, No:38 Kat:7 06420 Yenişehir Çankaya/ANKARA
pi legal consultancy	Pi Legal Consultancy Istanbul Office	+90 312 514 8060	Fatih Sultan Mehmet Mah. Poligon Cad. Buyuka 2 Sitesi No: 8 C3 Blok D: 48 Ümraniye / İstanbul	Istanbul Law Office

Company Consultancy Services in Turkey

Our company consultancy services in Turkey include a comprehensive range of governance-related solutions. We assist in board evaluations, risk management frameworks, and the development of corporate policies that foster transparency and accountability.

Why Choose Pi Legal Consultancy?

Our hands-on approach ensures that our clients benefit from bespoke corporate governance advisory services that address their specific needs. With a deep understanding of Turkey’s legal landscape, we are well-positioned to help businesses optimize their governance structures and succeed in a competitive environment.

For reliable and expert corporate governance consultancy that elevates your business operations, contact Pi Legal Consultancy today.

Corporate Governance Lawyers in Turkey

Here are list of corporate governance consulting lawyers in Turkey, Ankara and İstanbul.

	Name	Phone	Address	Profile Page
aladdin iraz	Aladdin İraz (Partner)	+90 536 038 0222	Fatih Sultan Mehmet Mah. Poligon Cad. Buyuka 2 Sitesi No: 8 C3 Blok D: 48 Ümraniye / İstanbul	https://www.pilc.law/our-team/aladdin-iraz/Aladdin İraz
Dr. Kutlay Teli	Senior Consultant Dr. Kutlay Telli	+90 536 038 0222	Fatih Sultan Mehmet Mah. Poligon Cad. Buyuka 2 Sitesi No: 8 C3 Blok D: 48 Ümraniye / İstanbul	Dr. Kutlay Teli
büşra dereli	Associate Büşra Dereli	+90 536 038 0222	Fatih Sultan Mehmet Mah. Poligon Cad. Buyuka 2 Sitesi No: 8 C3 Blok D: 48 Ümraniye / İstanbul	Büşra Dereli
Tarık torlak	Tarık Torlak (Consultant\| Lawyer \| USA Partner)	+90 536 038 0222	Fatih Sultan Mehmet Mah. Poligon Cad. Buyuka 2 Sitesi No: 8 C3 Blok D: 48 Ümraniye / İstanbul	Tarık Torlak

Our Relevant Articles for Corporate Governance Consultancy

All our articles and papers on emerging legal challenges for corporate governance consultancy together with their fully fledged solutions are available online from our Blog page.

Turkish Business Lawyer

Corporate Governance