Newsletter-21

72 NEWSLETTER 2016 issues on the meeting agenda. The principle of good faith shall also be taken into account. Right to Request Information and Examination during the Meeting Each member of the board of directors shall enjoy the right to request information and examination freely and without any limitation during the meetings of the board of directors. This right shall be used at the board of directors meeting, and not through calling upon the managers, or applying to them. As per TCC Art. 392(1), any mem- ber of the board of directors may request information on any work or transaction of the company, ask questions and conduct examinations. The request of one of the members as regards the submission of any book, record, contract, correspondence or document to the board of directors, and examination or discussion thereof by the board or the members, or the request to obtain information from the relevant man- ager or employee shall not be rejected. Any information provided to the member of the board of directors shall be detailed, fit for purpose, and is to be sufficient. The right to request information is restricted with the company work and transactions, and does not cover the personal affairs of other members of the board of directors, unless such information is related to the company business. For instance, the non-competition obligation of one of the members can be considered within this scope. As per TCC Art. 392(2), the members of the board of directors shall have the right to ask questions to those responsible for the man- agement of the company. These questions shall not be left unanswered. These persons are obliged to provide information at the meetings of the board of directors, if requested. The persons responsible for the management of the company include all other members of the board of directors, managing members, managers, commercial representatives, commercial agents, as well as servants and employees who are granted special authority within the scope of oversight of management, and those who perform company works within their personal authority so granted. However, the situation of those bound to the company by a contractual relation other than a labor contract such as agencies, com-