NEWSLETTER-2019-metin

192 NEWSLETTER 2019 tion Form”), which serves the same application. While the template of the Compliance Report is used for the reporting of the voluntary cor- porate governance principles, the template for the Information Form is used for the information provided with respect to the implementation of existing corporate governance. With the introduction of the Compliance Report template, the Board intends to determine the compliance level of the companies with the voluntary principles. The companies are to upload the form to the public disclosure platform and file it, but without changing its content, nor adding any new columns. The template includes sixty- four headings that correspond to the corporate governance compliance principles stated under the Communiqué. For each corporate gover- nance compliance principle, the companies must state whether or not they comply with the respective principle by marking the election of ‘yes’, ‘no’, ‘partial’, ‘exempted’ or ‘not applicable’. If the company marks ‘no’ or ‘partial’ for the respective principle, then the company must enter an explanation for such incompliance. On the other hand, the Information Form is a document that pro- vides clear information as to whether the company complies with cor- porate governance compliance principles. There is no room to provide a further detailed explanation under the template, as provided. There are seventy-four queries to be answered in four separate sections, those being shareholding, public disclosure, stakeholders and board of directors. The respective information to be provided under the template is further stated under the activity reports. However, filing the Information Form and announcing it through the public disclosure platform does not abolish the requirement of stating such information under the activity report. Procedural Requirements Once completed, both the Compliance Report and the Informa- tion Form are to be announced through the public disclosure platform. The Compliance Report and the Information Form must be announced within the notification period of the financial reports; however, in any event, at least three weeks prior to the general assembly meeting. For those companies that announce consolidated financial statements, the