NEWSLETTER-2020-metin

39 COMMERCIAL LAW is effective in a strategic decision, both a veto right for the general as- sembly and a veto right for the board of directors might be stipulated. Either stipulated in the articles of association or in the sharehold- ers’ agreement, a veto right should be drafted as valid and enforceable. If not, it would not be possible for the shareholders to protect their wills as desired.