Pregledni rad
Independence and executive remuneration for supervisory board members and non-executive directors
Hana Horak
Kosjenka Dumančić
Sažetak
In this paper, the author analyses the issues of independence and rewarding members of supervisory boards and non-executive directors in administrative boards. The question of independence was developed as one of the fundamental issues of corporative administration. Members of these organs of society should have the appropriate qualifications, specific knowledge and skills in order to reasonably and impartially weigh up social business and reach decisions in the best interests of society, its members and other interest holders. So that they can act in accordance with this, the presumption is that they are independent. Recently, after financial crises, it is precisely the independence of supervisory members, that is, non-executive directors, which is considered to be the foundation of the fight against the opportunism of administration and main shareholders. The authors analyse the Recommendations on Independence and Executive Remuneration for members of supervisory and administrative boards of the European Union, together with their implementation in Croatian law and practice.
Ključne riječi
company law; independence; rewarding; members of supervisory boards; non-executive directors; EU Recommendations on Independence; EU Recommendations on Executive Remuneration; codes
Hrčak ID:
66409
URI
Datum izdavanja:
5.4.2011.
Posjeta: 6.508 *