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CAPITAL MARKETS LAW

215

Conclusion

Regulations on corporate governance, imposed on companies by

the Capital Markets Board with the Communiqué, provide for the

determination and actualization of corporate governance principles.

Within the scope of such corporate governance principles, objectivity and

transparency is required from the non-executive board members while

when determining the general policy and strategy of the companies.

Therefore, independence is the criteria taken into consideration primarily

in the election of independent board members.