Odměňování členů představenstva akciové společnosti
Remuneration of the board of directors
rigorous thesis (DEFENDED)

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Permanent link
http://hdl.handle.net/20.500.11956/24415Collections
- Kvalifikační práce [11305]
Author
Referee
Zahradníčková, Marie
Patěk, Daniel
Faculty / Institute
Faculty of Law
Discipline
Law
Department
Department of Business Law
Date of defense
9. 6. 2010
Publisher
Univerzita Karlova, Právnická fakultaLanguage
Czech
Grade
Pass
Keywords
Keywords not foundResumé This thesis deals with remuneration of the board of directors, whereas abroad this topic becomes one of the most significant issues in contemporary corporate governance. Despite of being passionately discussed all around the developed world, back here in Czech Republic the debate concerning board compensation is rather insignificant (with just a few passionate outbursts of disapproval concerning ČEZ share option schemes). The first chapter can be regarded as a lead-off to the topic. After few pages of brief thoughts concerning basic board matters and a bit of corporate governance theory related to the agency relationship, agency problem and agency costs, I finally work up to general rules of board remuneration set in Czech Commercial Code. At first they can be considered to be just a handful of lines. But, as it is when it comes to law, after closer examination these few rules grow rapidly to excessive sizes. Main facts related to these rules are: According to Czech law directors have right to be compensated - if not agreed or set by general meeting otherwise or determined by law they have right to "common compensation". Remuneration must always be approved by the general meeting. The general meeting can decide upon particular compensation of particular director or set up general remuneration rules...