Prohibition of Parallel Conduct of Board Membership and Employment in the Czech Republic and its Legal Consequences

December 2011Corporate Governance Industry

Abstract

The Supreme Administrative Court of the Czech Republic opened by its judgment dated 9th December 2010 further questions related to the relationship between a Czech company and its statutory directors or members of the Board of Directors or members of the Supervisory Board by defining further legal consequences of the invalidity of parallel employment in a management position and performance of function of the statutory director or member of the Board of Directors or member of the Supervisory Board, namely in relation to the social insurance which may have, however, potentially consequences also for the health insurance and tax position of the statutory directors or members of the Board of Directors or members of the Supervisory Board.

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Prohibition of Parallel Conduct of Board Membership and Employment in the Czech Republic and its Legal Consequences

Abstract

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