AmCham held another Technology Council session, this time moderated by Michel Perret, Carrier Commercial Refrigeration, General Manager Europe, and AmCham Board Member, focusing on challenges for supply chains. Lockdowns raised demand for stay-at-home equipment and created future demand.  Among the challenges in 2020 were higher commodities prices, or containers shipping rates spikes. 

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.

Factories of the future, remote energy readings, remotely controlled vehicles or smart homes fully controlled by voice. What used to sound like a scene from a sci-fi movie is gradually becoming part of everyday life. But none of this could work without the new generation of communication networks, ie 5G networks. Experts from the VUT/Brno University of Technology,  Institute of Telecommunications are now opening a new laboratory #VodafoneUniLab in cooperation with the Czech operator Vodafone, which will connect the academic sector with industrial partners and offer space for testing and development of equipment in the field of Internet of Things or Industry 4.0.

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.