Izvorni znanstveni članak
https://doi.org/10.3935/zpfz.73.23.13
Reflections on the Supervisory Board of a Limited Company
Siniša Petrović
; Pravni fakultet Sveučilišta u Zagrebu, Zagreb, Hrvatska
Sažetak
There are two systems of management of public limited liability companies. In both systems, a company is required to have a general assembly as an obligatory body. Besides that, a company managed by a one-tier system must have a management board and executive directors. In a two-tier system, obligatory corporate bodies are the supervisory board and the management board. That system is characterized by a lack of hierarchical relations among the corporate bodies; rather, they have different functional responsibilities. One of the key points in achieving the necessary division between the management of the company and supervision of the management is to have a strict separation of the membership of both the supervisory board and management board, on the one hand, and between the respective powers of those corporate bodies on the other hand. That is at the same time an essential element which has to be fulfilled in order to ensure independence of the supervisory board’s members. The paper includes an analysis of the legal framework and case-law, and criticises the practice of the courts in respect of that issue. In respect of the membership of the supervisory board, a reference is made to the newly adopted Directive on gender balance on corporate boards. The author praises the adoption of the Directive as a necessary means to achieve adequate representation of the underrepresented gender in the management of companies.
Ključne riječi
membership of the supervisory board; representative; independence; gender balance
Hrčak ID:
308884
URI
Datum izdavanja:
16.10.2023.
Posjeta: 416 *