Joint stock company (Czech Republic)
Akciová společnost , short as or akc. spol , is the Czech form of joint stock company .
founding
For the establishment you need a share capital of 2,000,000 crowns , only one legal person or two natural persons is required . After the Velvet Revolution , many state-owned companies were privatized, as a result of which many companies were founded with this legal form , especially in the early 1990s .
organs
- General meeting : bringing together all shareholders , decisions are made on the distribution of profits and organs. The number of votes per shareholder is the number of own shares .
- Board of Directors : The number of people must be at least three and a maximum of five. One person is sufficient for a single shareholder. The board of directors is elected by the supervisory board.
- Supervisory board : The body has the main task of monitoring the board of directors and is authorized to examine the accounts and all other documents. Its members are always elected by the general assembly. If a company has more than 50 employees, the employees can elect one third of the members, the remaining two thirds are elected by the general meeting. The supervisory board must have at least 3 members. The body is re-elected every five years.
