Profit Share Distribution in theJointStockCompaniesand The Effects of New Coronavirus (Covid 19) PandemicEra on Profit Share Distribution

Abstract

Profit distribution, which is expressed as the result of the activity of an economic unit, is one of the important strategic decisions to be taken by the companies. The most important point in profit share distribution is the adoption of a profit distribution strategy by considering the interests of all stakeholders of the company in determining the part of the net profit to be distributed. In this
context, the legal regulations at the country level have direct effects on the profit distribution processes adopted in the enterprises. How the legal infrastructure prepared for the distribution of the profit should be during and after the crisis with multiple effects, especially the financial crisis or the new Coronavirus (Covid 19) epidemic process, is an important problem. In order to reduce the possible effects of the uncertainty environment on the companies during the new coronavirus pandemic era, the legal regulation has been made for the distribution of profit in our country. This study primarily focuses on dividen d rights and profit share distribution in companies. Then, via the provisional Article 13- which added to the Turkish Commercial Code No. 6102 in order to reduce the effects of this epidemic on economic and social life, especially during the epidemic process- the procedures and principles of the net profit distribution were evaluated and explanations about the implementation processes of the newly determined procedures and principles are included.