ŠEDOVÁ, Jindřiška and Luděk BENADA. Problems with the transparency of bearer shares in the Czech Republic. World Academy of Science, Engineering and Technology. Berlin, Germany: World Academy of Science, Engineering and Technology, 2013, 77 / 2013, květen 2013, p. 973-977. ISSN 2010-376X.
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Basic information
Original name Problems with the transparency of bearer shares in the Czech Republic
Name in Czech Problémy transparentnosti akcií na majitele v ČR
Authors ŠEDOVÁ, Jindřiška (203 Czech Republic, guarantor, belonging to the institution) and Luděk BENADA (203 Czech Republic, belonging to the institution).
Edition World Academy of Science, Engineering and Technology, Berlin, Germany, World Academy of Science, Engineering and Technology, 2013, 2010-376X.
Other information
Original language English
Type of outcome Article in a journal
Field of Study 50200 5.2 Economics and Business
Country of publisher Germany
Confidentiality degree is not subject to a state or trade secret
RIV identification code RIV/00216224:14560/13:00074801
Organization unit Faculty of Economics and Administration
Keywords (in Czech) akcie listinné zaknihované akcie obchodní korporace
Keywords in English paper shares book-entry shares trading corporations
Tags International impact, Reviewed
Changed by Changed by: JUDr. Jindřiška Šedová, CSc., učo 1167. Changed: 27. 5. 2014 22:54.
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.
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