AMENDMENTS TO COMPANY LAW

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The Ministry of Economy has prepared a draft Law on Amendments to the Company Law, which is scheduled for public debate to be held in the period 10-29. October.

The draft provides for the following:

  1. detailed regulation of the treatment of own shares (application from 1.4.2020)
  2. the possibility of distributing retained earnings to employees (Article 270)
  3. increasing the threshold for remuneration of members of the board of directors, that is, the executive and supervisory boards from 3% to 5% of shares within the business year (Article 282)