Good governance / Legal Reform and Transparency
This section details initiatives to make government a competitive advantage. It includes analysis and reports of government initiatives, as well as data on accountability and performance measures.
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Spotlight issue
Labour Code amendment introduced the concept of job sharing
Combining employment with motherhood and parenthood, as well as the ever-increasing demand of graduates for work-life balance were reflected in the latest amendment to the Labour Code. From this year on, employees can share positions and employers can benefit from government financial support if they create such a shared position.
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Czech Republic & LEX COVID & 2021 AGM Season and Corporate Governance
AGM Season and Corporate Governance
Annual Financial Statements of a limited liability company and a joint-stock company must be considered by the General Meeting within six months from the last day of the previous accounting period. A company's accounting period is usually the same as the calendar year, and therefore Financial Statements should be considered by 30 June of the following year.
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Representation of limited liability company by statutory representatives and its limits
When founding and operating a limited liability company, its members usually deal with the issue of setting up its corporate governance and defining the powers of the statutory representatives (executives). In this article, we will present the basic possibilities of limiting the statutory body’s power to act on behalf of the company, and the consequences of the breach of such limits.
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