Publication at Faculty of Law |
2016
Abstract
The purpose of this lecture was to inform the participants of the conference with the differences between the Czech and English law concerning the appointment of members of a statutory body in capital companies. Both legislations are rather fragmentary which offers wide space for legal interpretation.
Another joint characteristic is an emphasis in publicity to those who are appointed in the public register. Whereas the Czech law is more likely mandatory, the English law is very liberal.
It permits an appointment of board members not just by shareholders, but also by a particular class of shareholders, creditors or even by another third party. The board in English law plays a much bigger role in deciding on its own composition too.