Topical issues of corporate governance under Czech and EU law

C Summary This thesis deals with selected actual problems of corporate governance in domestic and Euro- pean regulation. There is no widely recognized definition of the term "corporate governance", therefore some are given by the author in the very beginning of the study. Due to the fact that corporate governance is a very complex area regard must be had to the relevant theories which are introduced in Chapter 2 and form the basis for further analysis. According to the OECD findings from June 2009 (Corporate Governance and the Finan- cial Crisis: Key Findings and Main Messages), weaknesses in remuneration, the exercise of shareholder rights, risk management and board practices are identified as the four areas most immediately linked to the financial crisis. Another problem, as reported of in OECD finding from February 2009 (The corporate Governance Lessons from the Financial Crisis), are inef- fective accounting standards and regulatory requirement for auditing. Therefore, these subjects are regarded as the actual problems of the corporate governance. As a result of relatively short compass of this work, only two of these issues have been covered by the author - remuneration related problems and the exercise of shareholders rights - and form the bulk of this thesis. Remuneration related problems are explained in..