Directors' Duty of Care in Corporate Governance: Legal, Technological and Sustainability Perspectives Baran Can Kaya  - Kitap

Directors' Duty of Care in Corporate Governance: Legal, Technological and Sustainability Perspectives

1. Baskı, 
Haziran 2024
Kitabın Detayları
Dili:
İngilizce
Ebat:
16x24
Sayfa:
174
Barkod:
9786052648896
Kapak Türü:
Karton Kapaklı
Fiyatı:
300,00
Temin süresi 2-3 gündür.
Kitabın Açıklaması
Firstly, this thesis explains the legal framevvork surrounding the duty of çare that directors owe to the company within the context of Turkish law. Secondly, it vvill examine the potential impact of new technologies and sustainability concerns on the fiduciary obligations of loyalty and çare owed by directors vis-â-vis the company.
Kitabın Konu Başlıkları
.
Duty of Care of Directors in Joint Stock Companies
.
The Impact of Digitalisation of Companies to The Duty of Care of Directors
.
The Impact of Sustainability Issues to The Duty of Care of Directors
Yorumlar
Kitabın İçindekileri
TABLE OF CONTENTS
ACKNOWLEDGEMENTS 
5
GENİŞ ÖZET 
7
TABLE OF CONTENTS 
13
ABBREVIATIONS 
19
ENTRANCE 
21
AIM AND SCOPE OF THE THESIS 
22
PROBLEMS AND KEY RESEARCH QUESTIONS 
22
RESEARCH METHODS 
23
STRUCTURE OF THE THESIS 
23
LITERATURE REVIEW 
26
CONTRIBUTION AND ORIGINALITY OF THESIS 
27
FIRST CHAPTER
DUTY OF CARE OF DIRECTORS IN JOINT STOCK COMPANIES
1. GENERAL OVERVIEW OF THE DUTY OF CARE OF DIRECTORS IN JOINT
STOCK COMPANIES 
29
1.1. Place of the Duty of Care in the Law of Obligations and the TCC 
29
1.2. Legal Nature of the Duty of Care 
34
1.2.1. Legal Nature of the Duty of Care Within the Scope of the
Employment Agreement 
34
1.2.2. Legal Nature of the Duty of Care in Joint Stock Companies 
35
1.3. Fundamental Functions of the Duty of Care in the Management of
Joint Stock Companies 
37
1.3.1. Providing Transparency and Legal Security 
37
1.3.2. Identifying the Duties of Directors 
38
1.3.3. Contributing to Corporate Governance 
38
1.3.4. Role of the Duty of Care in Legal Liability of Directors 
39
2.UATION OF THE DUTY OF CARE AS TO PERSON AND TIME 
40
2.1. General Overview 
40
2.2.uation of the Duty of Care as to Person 
40
2.2.1. Members of the BoD 
40
2.2.2. Characteristics of the Duty of Care for Legal Person Members
of BoD 
41
2.2.3. Characteristics of the Duty of Care of Directors of Controlled
Company 
43
2.2.3.1. Characteristics in Fully Controlled Companies 
43
2.2.3.2. Characteristics in Partially–Controlled Companies 
45
2.2.4. Characteristics of the Duty of Care of Independent Members of
BoD 
47
2.2.5. Characteristics of the Duty of Care of the Chairman and Vice
Chairman of the BoD 
48
2.2.6. Characteristics of the Duty of Care in Joint Stock Companies
with Sole Shareholder 
48
2.3. Third Persons in Charge of Management 
49
2.3.1. General Overview 
49
2.3.2. Examination of Third Persons in Charge of Management 
50
2.3.2.1. Third Parties to Whom Management or
Representation Authority Has Been Transferred 
50
2.3.2.2. Commercial Representatives and Commercial Agents 
51
2.3.2.3. De Facto Bodies of Companies 
52
2.3.2.4. Trustees 
53
2.3.2.5. Liquidators 
53
2.4.uation of the Duty of Care as to Time 
54
2.4.1. General Overview 
54
2.4.2. Beginning Period of the Duty of Care 
54
2.4.3. Ending Period of the Duty of Care 
55
2.5. Joint Stock Company as the Incumbent of the Duty of Care 
56
3. SUBJECT OF THE DUTY OF CARE AND CRITERIA REGARDING THE DUTY OF
CARE 
57
3.1. General Overview 
57
3.2. Acceptance of the Duty of Care 
58
3.3. Duty of Care in the Process of Decision–Making 
59
3.4. Duty of Care in Determining the Company’s Management
Organization 
62
3.5. Other Areas 
63
3.6. Criteria Regarding the Duty of Care 
64
3.6.1. General Overview 
64
3.6.2. Subjective Criterion 
64
3.6.3. Objective Criterion 
65
3.6.4. Objective Criterion in Accordance With Applicable Law 
65
4. LEGAL CONSEQUENCES OF THE DUTY OF CARE OF THE MEMBERS OF BoD 
67
4.1. Legal Liability 
67
4.2. Due Cause for Dismissal of the Members of BoD and the Directors 
70
4.3. Due Cause for Terminating Joint Stock Companies 
70
5. BUSINESS JUDGMENT RULE AND THE DUTY OF CARE 
71
5.1. General Overview 
71
5.2. Application of the Business Judgment Rule in Turkish Law 
72
5.3.uation Regarding the Application of the Business Judgment Rule
in Turkish Law 
75
SECOND CHAPTER
THE IMPACT OF DIGITALISATION OF COMPANIES
TO THE DUTY OF CARE OF DIRECTORS
1. EFFECT OF AI (ARTIFICIAL INTELLIGENCE) TO THE DUTY OF CARE OF
DIRECTORS 
77
1.1. Definition of AI 
77
1.2. Regulations Regarding AI 
78
1.3. Incorporating AI into Companies 
80
1.3.1. Use of AI to Support Human Decision Making 
82
1.3.1.1. Assisted AI 
83
1.3.1.2. Augmented AI 
84
1.3.2. Hybrid Model (Amplified AI) 
85
1.3.3. Use of AI to Human Beings in Company Boardrooms 
86
1.3.3.1. Autonomous AI 
86
1.3.3.2. Autopoietic AI 
87
1.3.4.uation of AI Models in Company Boardrooms 
88
1.3.5.uation of AI Models in Company Boardrooms According to
TCC 
88
1.4.uation of AI Systems in Terms of Principles of Corporate
Governance 
90
1.5. Effect of AI–based Technology to the Duty of Care and Liability of
Directors 
95
1.5.1. General Overview 
95
1.5.2.uation of Effect of AI–based Technology Regarding the
Duty of Care 
96
1.5.2.1. Missed Opportunities 
97
1.5.2.2. Falling Traps 
98
1.5.2.3. Effect of Not Using AI–based Technologies in
Companies to the Duty of Care of the Directors 
98
1.5.2.3.1.uation of the Use of AI Systems in
Companies in Terms of the Business
Judgment Rule 
100
1.5.3.uation of the Effect of AI–based Technology Regarding
Legal Liability 
102
1.5.4.uation of the Use of AI in Mergers in Terms of the Duty of
Care of the Directors 
105
2. EFFECT OF BLOCKCHAIN TO THE DUTY OF CARE OF DIRECTORS 
107
2.1. Definition of Blockchain 
107
2.2. Operation of Blockchain 
110
2.3. Types of Blockchain Technology 
111
2.4. Use of Blockchain in Companies and Company Law 
111
2.4.1. Use of Blockchain in Registration to the Trade Registry 
112
2.4.2. Use of Blockchain in Share Ledger Records 
113
2.4.3. Keeping Financial Records in Blockchain 
115
2.4.4. Use of Blockchain in AGMs 
116
2.4.5. Use of Blockchain in Board Meetings 
119
2.5. Contribution of Blockchain to the Corporate Governance Principles 
120
2.6.uation of the Relation Between Blockchain Technology and Data
Protection in Terms of the Duty of Care of Directors 
121
2.7.uation of Blockchain Technology Regarding the Duty of Care of
Directors 
123
2.7.1.uation of Blockchain Technology in Terms of the Business
Judgment Rule 
124
THIRD CHAPTER
THE IMPACT OF SUSTAINABILITY ISSUES TO THE DUTY OF CARE OF DIRECTORS
1. CONCEPTS OF ESG, CORPORATE SOCIAL RESPONSIBILITY(CSR) AND
SUSTAINABILITY 
127
1.1. General Overview 
127
1.2. Concept of ESG 
128
1.3. Concept of CSR 
129
1.4. Concept of Sustainability and Sustainable Development 
131
1.4.2. The UN Sustainable Development Goals 
134
1.4.3. Sustainable Development Plans of Türkiye 
136
2. THE IMPACT OF SUSTAINABLITY ISSUES TO THE DUTY OF CARE OF THE
DIRECTORS 
139
2.1. The Relation Between Sustainability, Sustainable Development and
Company Law 
139
2.2.ution of a Proposal for a Directive on Corporate Sustainability Due
Diligence Within the Scope of Duty of care of the Directors 
142
2.3.ution of Shell vs. Clientearth Case in Terms of Duty of Care of The
Directors as a Case Study 
146
2.4.uation of Article 369 of TCC In Accordance With Sustainability
Issues 
148
2.5.uation of the Business Judgment Rule in Terms of Sustainability
Issues 
151
CONCLUSION 
153
REFERENCES 
157