Remuneration of Statutory representatives

24. 7. 2014
Law No. 90/2012 Coll. on Commercial Corporations and Cooperatives in § 59 Article 3 regulates the remuneration of Statutory representatives of the company. The law says, that unless the compensation is agreed in the contract for the performance, the performance is free and the statutory representative is entitled to a remuneration only if it will be till the end of June 2014 supported by the general meeting. Law also points out that since 1.1.2014 the executives can´t be remunerated on the basis of the employment contracts.

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