Transparency of Shareholders in the Czech Republic

ŠEDOVÁ, Jindřiška. Transparency of Shareholders in the Czech Republic. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis. Mendelova univerzita v Brně, 2014, 62 (2014), No 2, p. 415-426. ISSN 1211-8516. Available from: https://dx.doi.org/10.11118/actaun201462020415.

Basic information

• Original name: Transparency of Shareholders in the Czech Republic
• Authors: ŠEDOVÁ, Jindřiška (203 Czech Republic, guarantor, belonging to the institution).
• Edition: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendelova univerzita v Brně, 2014, 1211-8516.

Other information

• Original language: English
• Type of outcome: Article in a journal
• Field of Study: 50600 5.6 Political science
• Country of publisher: Czech Republic
• Confidentiality degree: is not subject to a state or trade secret
• WWW: URL
• RIV identification code: RIV/00216224:14560/14:00075554
• Organization unit: Faculty of Economics and Administration
• Doi: http://dx.doi.org/10.11118/actaun201462020415
• Keywords in English: civil code; securities; bearer shares; transparency of joint stock companies; the identity of shareholders
• Tags: International impact, Reviewed

Abstract

The recodification of commercial and civil law in the Czech Republic has resulted in a new concept for the legislation relating to securities. Significant changes have also been made to the legislation covering shares. The new legislation concerns not only the actual form of shares, but also their circulation. The aim of this article is to highlight the most important changes in the legislation relating to bearer shares, especially bearer shares in paper form, and to assess these changes from the viewpoint of their impact on the transparency of joint stock companies and uncontrolled circulation of shares. This assessment will be based on an appraisal of the importance of bearer shares for capital business in the Czech Republic and the effects the new legislation is expected to bring about. The article will also consider possible alternatives in the behavior of shareholders (investors) who prefer to remain anonymous.