Turkcell Plans Shareholders’ Meeting on Independent Members

Turkcell Iletisim Hizmetleri AS, Turkey’s biggest mobile phone company, will hold an extraordinary shareholders’ meeting in line with a recent regulation to appoint independent board members.

The date of the meeting will be set after Turkcell makes necessary changes in the company statute for approval by shareholders, it said in a statement to the Istanbul Stock Exchange after the market closed yesterday. Companies in the Exchange’s National 30 index must appoint three independent board members to ensure that “minority investors are effectively represented” and board disputes “due to possible clashes of interest” among shareholders are avoided, the regulator said Oct. 12.

To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net

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