Duties and Personal Liabilities of Corporate Managers
Board members of Joint Stock Companies (A.Ş.) and managers of Limited Liability Companies (Ltd. Şti.) carry strict fiduciary duties under TTK Law No. 6102.
1. Duty of Care & Loyalty
Directors must exercise the care of a prudent manager. Breaches resulting in corporate loss expose directors to personal damage claims by shareholders.
2. Personal Liability for Public Debts
Under Law No. 6183, company managers are personally liable for unpaid corporate tax and Social Security (SGK) debts if corporate assets are insufficient.
