Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.
An auditor calls an Extraordinary General Shareholders Meeting because Turkcell's board is 'unable to agree upon important and strategic decisions'
September 3, 2003
ISTANBUL -- Turkcell (NYSE:TKC, ISE: TCELL), the leading provider of mobile communications services in Turkey, has today announced that an Extraordinary Shareholders Meeting will be held on October 30, 2003 in Istanbul.
On August 29, 2003 Turkcell received a notice from one of its two statutory auditors that it was calling an Extraordinary General Shareholders Meeting pursuant to its supervisory obligation over the Turkcell Board and its statutory right under the Turkish Commercial Code. In its notice to Turkcell, the statutory auditor stated that the Extraordinary General Shareholders Meeting was being called "due to the Board of Directors being unable to agree upon important and strategic decisions for Turkcell."
Turkcell has no authority under the Turkish Commercial Code to object to such a notice and is required to take all necessary actions to convene the Extraordinary General Shareholders Meeting. Accordingly, Turkcell is not in a position to comment on the notice received from the statutory auditor at this time. The agenda for the meeting was set by the statutory auditor and includes the election of all seven members of the Turkcell Board of Directors.
You May Also Like
Rethinking AIOPs — It's All About the DataMar 12, 2024
SCTE® LiveLearning for Professionals Webinar™ Series: Fiddling with Fixed WirelessMar 21, 2024
SCTE® LiveLearning for Professionals Webinar™ Series: Cable and 5G: The Odd Couple?Apr 18, 2024
SCTE® LiveLearning for Professionals Webinar™ Series: Delivering the DAA DifferenceMay 16, 2024