The Shareholders' Assembly, as the highest body of the Company, adopts the Company's Statute, elects and dismisses members of the Board of Directors and auditors, decides on compensation policy and compensations for members of the Board of Directors, about status changes and restructuring of the Company, adopts annual financial statements and report on the company's operations.
The Shareholders' Assembly is also responsible for making decisions on disposing of the company's assets whose value exceeds 20% of the book value of the company's assets, increasing and decreasing the share capital, founding new companies, and approving estimates of non-cash contributions. The Shareholders' Assembly also decides on other issues in accordance with the Law and the Company's Statute.
The Shareholders' Assembly is also responsible for making decisions on disposing of the company's assets whose value exceeds 20% of the book value of the company's assets, increasing and decreasing the share capital, founding new companies, and approving estimates of non-cash contributions. The Shareholders' Assembly also decides on other issues in accordance with the Law and the Company's Statute.