The term ESG, an abbreviation of “environment,” “social,” and “governance,” was first introduced as a concept in 2004 in the United Nations report titled “Who Cares Wins” (WCW Report). “Who Cares Wins” originated as an initiative (WCW Initiative) launched in collaboration with the United Nations and the Swiss government, with the support of 23 financial […]
Borsa İstanbul Private Market
Private market is a market that enables share purchase and sales between companies, qualified investors and angel investors without a public offer through a web platform (www.bistozelpazar.com). One of the main objectives of the Private Market is to support development of entrepreneruial ecosystem and investment environment. Transactions conducted in the Private Market are governed by the Turkish […]
Distribution of Advance Dividend In Joint Stock and Limited Companies
The main purpose of commercial companies is to generate profit and distribute such profit, named as dividend, to the shareholders on certain dates. According to Article 509-(2) of the Turkish Commercial Code (“TCC”), dividends may be distributed only out of the net profit for the period and voluntary reserves. However, the Communiqué on the Distribution […]
