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@article{1127948, author = {Šedová, Jindřiška and Benada, Luděk}, article_location = {Berlin, Germany}, article_number = {květen 2013}, keywords = {paper shares book-entry shares trading corporations}, language = {eng}, issn = {2010-376X}, journal = {World Academy of Science, Engineering and Technology}, title = {Problems with the transparency of bearer shares in the Czech Republic}, volume = {77 / 2013}, year = {2013} }
TY - JOUR ID - 1127948 AU - Šedová, Jindřiška - Benada, Luděk PY - 2013 TI - Problems with the transparency of bearer shares in the Czech Republic JF - World Academy of Science, Engineering and Technology VL - 77 / 2013 IS - květen 2013 SP - 973-977 EP - 973-977 PB - World Academy of Science, Engineering and Technology SN - 2010376X KW - paper shares book-entry shares trading corporations N2 - With the adoption of the new Civil Code and Trading Corporations Act, the Czech Republic is joining the trend which is seeing the liberalisation of the regulation of trading corporations. The new law relaxes the conditions governing business and the efficient management of trading corporations, and also provides adequate protection for the interests of creditors, minority shareholders, consumers, etc. [1]. Some of the many important, if not revolutionary, changes will be made in the field of securities and the rights of joint stock companies. However, doubts have been raised as to whether bearer shares in paper form may be left without further regulation and whether the absolute anonymity of shareholders structures may be permitted. The existence of anonymous ownership of joint stock companies carries the risk of an non-transparent environment in which corruption is rife. A non-transparent environment in joint stock companies may increase the risk that proceeds from crime may be legalised through such joint stock companies. Wholly anonymous shareholder structures are also seen as a problem due to the risk of circumvention of the law governing conflicts of interests, particularly in relation to public contracts, subsidies, etc. ER -
ŠEDOVÁ, Jindřiška a Luděk BENADA. Problems with the transparency of bearer shares in the Czech Republic. \textit{World Academy of Science, Engineering and Technology}. Berlin, Germany: World Academy of Science, Engineering and Technology, roč.~77 / 2013, květen 2013, s.~973-977. ISSN~2010-376X. 2013.
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