AZINLIK PAY SAHİPLERİNİN KORUNMASI İLKESİNE YÖNELİK TARTIŞMALAR

Bu makale, azınlık pay sahiplerinin menfaatlerini korumak için onlara tanınan hakların gerekliliğine ilişkin öğretide yer alan farklı tartışmalara yer vermektedir. Öncelikle azınlık hissedarların korunmasının gerekliliğine karşı geliştirilen argümanlara yer verilecek sonrasında ise karşıt görüş olarak azınlıkların korunması gerektiğini savunan görüşler ve gerekçeleri sunulacaktır. Çoğunluk paylara sahip olan pay sahipleri şirkette sahip oldukları yüksek oy oranı ve bu kapsamda sahip oldukları yetkiler ile azınlık hissedarların haklarını göz ardı edebilmektedirve bu durum azınlık pay sahipleri üzerinde olumsuz sonuçlar doğurmaktadır. Hatta geniş çerçevede düşünüldüğünde bu durumun ülke ekonomisine bile olumsuz yansımaları olabilmektedir. İşte bu olumsuz etkileri bertaraf edebilmek için azınlık pay sahiplerine kapsamlı bir koruma sağlanmaktadır. Ancak, sadece azınlıkların koruması yeterli olmayıp, şirkette payların çoğunluğuna sahip olan çoğunluk pay sahiplerinin de şirketteki yetkilerini kötüye kullanmalarının önüne geçmek için düzenlemeler yapılması gerekmektedir. Bu makalede, azınlık pay sahiplerinin karşılaşabileceği benzer sorunlara farklı hukuk sistemlerinde nasıl çözümler bulduğunu görmek için azınlık hissedarların korunması ilkesi Türk şirketler hukuku ve İngiliz şirketler hukuku kapsamında ele alınacaktır.

Anahtar Kelimeler:

azınlık pay sahiplerinin korunması, çoğunluk pay sahipleri, Türk Ticaret Kanunu, 2006 İngiliz Şirketler Kanunu

DISCUSSIONS SURROUNDING THE PRINCIPLE OF MINORITY SHAREHOLDER PROTECTION

This article analyses the arguments of those who do not necessarily agree with certain rights to be granted to the minority shareholders in companies to protect their interests. Following the presentation of those arguments, the attention will be given on opposite views in this regard to understand the necessity of the existence of minority shareholder protection. Since majority shareholders have higher percentage of the capital, so that the voting powers, their approach unfortunately ignores the rights of minority shareholders in most cases. This abusive approach of majority shareholders affects the interests of minority shareholders and companies in a negative way. In addition, whole national economy is adversely affected from this situation. To find a solution for this problem, inclusive protection is provided to minority shareholders. With regard to this situation, while inclusive protection is provided for minority shareholders to gain an adequate remedy, there should nevertheless be a legal framework which prevents majority shareholders’ misuse of their corporate powers. In this article, the principle of minority shareholder protection will also be considered in the light of Turkish and English company law to see how different jurisdictions found the solutions for similar problems regarding minority shareholders.

Keywords:

minority shareholder protection, majority shareholders, Turkish Commercial Code, UK Companies Act of 2006,

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