SHAREHOLDERS\u27 DUTY OF LOYALTY TOWARDS JOINT-STOCK COMPANY AND TOWARDS OTHER SHAREHOLDERS

Cilj ovog rada je ispitati i ustanoviti jesu li dioničari pri ostvarivanju upravljačkih prava, a prije svega pri ostvarivanju prava glasa, dužni djelovati u skladu s interesima društva ili mogu djelovati i u skladu s vlastitim interesima. Da bi dobili odgovor na navedeno pitanje, najprije ćemo pokušati utvrditi postoji li u pravu društava RH dužnost dioničara na lojalno postupanje prema društvu i ostalim dioničarima, koji je sadržaj navedene dužnosti te iz kojeg pravnog temelja ona proizlazi. Ukratko će se prikazati isti ili slični instituti iz kojih, u zemljama kontinentalnog i anglosaksonskog pravnog sustava, proizlazi obveza dioničara na postupanje u skladu s interesima društva. Ukazat će se i na moguće pravne posljedice radi povrede dužnosti lojalnog postupanja, kao što su: dužnost naknadne štete, mogućnost pobijanja odluka glavne skupštine i sl.The aim of this article is to research whether, during exercising governing rights, especially - a right to vote on General Meeting of Shareholders, shareholders are obliged to act (to vote) in the best interest of the company as a whole, or they are allowed to act in their personal interest. To answer the aforesaid question, it must be detected whether duty of shareholders\u27 loyalty is prescribed under the Croatian Law and consequently, if the answer is positive, which obligations may be derived from a respective duty. The (alleged) shareholders\u27 duty of loyalty is compared with similar duties provided by Anglo-Saxon Law Systems – such as: duty of care, due diligence, good faith etc., from which (according to legal theoreticians and some practitioners) a shareholders\u27 duty of loyalty may be inferred. Finally, (possible) legal consequences provoked by breach of shareholders\u27 loyalty duty, such as: a duty to compensate incurred damages and a right to impugn a decision taken on General Meeting of Shareholders, are going to be examined