Statutory obligations for publicly traded joint stock companies increase

Tax and Legal News | May 2019

The National Council of the Slovak Republic has adopted an amendment to the Commercial Code, which enacts new rules in relation to remuneration of members of bodies of publicly traded joint stock companies.

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verejne akciove spolocnosti

The National Council of the Slovak Republic has adopted an amendment to the Commercial Code, which enacts new rules in relation to remuneration of members of board of directors, supervisory board and certain individuals in the top management of publicly traded joint stock companies.

The amendment also concerns special rules in relation to significant commercial transactions, aiming to increase the protection of interests of the company and associated shareholders, including the minority shareholders.

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