The modification of the duty of loyalty and the duty of care and the consequences of their breach by members of elective bodies of stock companies

Kód výsledku v IS VaVaI

RIV/00216208:11220/22:10445196 - isvavai.cz

Výsledek na webu

https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=G_hPmzT-PM

DOI - Digital Object Identifier

10.46282/blr.2022.6.1

Jazyk výsledku

angličtina

Název v původním jazyce

The modification of the duty of loyalty and the duty of care and the consequences of their breach by members of elective bodies of stock companies

Popis výsledku v původním jazyce

There are two leading duties that react to the agency problem in the corporate regulation - duty of loyalty and duty of care. The purpose of this paper is to answer the question whether, under what circumstances and on what grounds, it would be permissible to modify the two general duties either on the basis of an exception presumed by the law, or upon an agreement between a company and its director. With this purpose in mind, the authors analyse the respective legal regulation in three countries, namely Germany, Great Britain and the Czech Republic. While the modification of obligatory loyalty has been understood by the analysed legal systems within certain boundaries, they deal with the decreasing of the standard of care in a more positive way, whether through a direct modification of the standard of care or indirect modification through determining the role of an elective body member.

Název v anglickém jazyce

The modification of the duty of loyalty and the duty of care and the consequences of their breach by members of elective bodies of stock companies

Popis výsledku anglicky

There are two leading duties that react to the agency problem in the corporate regulation - duty of loyalty and duty of care. The purpose of this paper is to answer the question whether, under what circumstances and on what grounds, it would be permissible to modify the two general duties either on the basis of an exception presumed by the law, or upon an agreement between a company and its director. With this purpose in mind, the authors analyse the respective legal regulation in three countries, namely Germany, Great Britain and the Czech Republic. While the modification of obligatory loyalty has been understood by the analysed legal systems within certain boundaries, they deal with the decreasing of the standard of care in a more positive way, whether through a direct modification of the standard of care or indirect modification through determining the role of an elective body member.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50501 - Law

Projekt

GA18-04757S: Fiduciární povinnosti (základní povinnosti správců cizích záležitostí)

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2022

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Bratislava Law Review

ISSN

2585-7088

e-ISSN

2644-6359

Svazek periodika

6

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

SK - Slovenská republika

Počet stran výsledku

16

Strana od-do

69-84

Kód UT WoS článku

000894233200004

EID výsledku v databázi Scopus

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