351 KB46 KB201320252015Kocbek, Marijanletnik:41številka:6/7str. 1067-1081ISSN:0353-6521COBISSID:4961835URN:URN:NBN:SI:doc-W75KPGLOslIUS SOFTWAREPodjetje in delodelniške družbenadzorni organiodškodninska odgovornostrevizijavodenjeNovelirani instituti delniškega prava glede upravljavske in kapitalske strukture ter uveljavljanja pravic manjšinskih delničarjev in upnikov|The author discusses the amended institutes brought forth by the amendment ZGD-1I to Slovenian Companies Act regarding management and capital issues and the exercise of rights of minority shareholders and creditors. The author highlights the changed regulation regarding the enforcement of the liability of management and supervisory bodies, which emphasizes the protection of minority shareholders. He points out that the amendment does not include the original proposal of enacting the business judgment rule, which has already been established in the domestic case law. The amendment ZGD-1I brings significant new rules regarding the functioning and powers of the supervisory boards related to the audit and the audit committee. As an optional possibility it also codifies the so-called internal audit. With regard to capital issues the author highlights the new regulation which allows the possibility of determining the price of shares in their public issue founded on the so-called "Book Building". The author assesses positively the limitation of the amount of the conditional increase in the subscribed capital to 10% when this corporate operation is used for the purposes of realization or issuing of stock options for management, supervisors or workers of public limited companies. The amendment ZGD-1I features many other changes which complement various individual corporate institutes, with the goal of contributing to a more effective exercise of the rights of minority shareholders and emphasizing the protection of creditors in corporate relationsAvtor obravnava novelirane institute, ki jih prinaša ZGD-1I glede upravljavskih in kapitalskih vprašanj ter uveljavljanja pravic manjšinskih delničarjev in upnikov. Pri tem izpostavlja spremenjeno ureditev uveljavljanja odškodninske odgovornosti organov vodenja in nadzora, ki poudarja varstvo manjšinskih delničarjev. Opozarja, da novela ni vključila prvotnega predloga, da se v zvezi s tem uredi tudi tako imenovano pravilo podjetniške presoje (ali business judgment rule), ki ga je domača sodna praksa sicer že uveljavila. Novela ZGD-1I prinaša bistvene novosti predvsem glede delovanja in pristojnosti nadzornih svetov, povezanih z revizijo ter revizijsko komisijo, kot fakultativna možnost pa se uzakonja tudi tako imenovana notranja revizija. Glede kapitalskih vprašanj avtor izpostavlja novo ureditev možnosti določanja cene delnic pri njihovi javni izdaji na podlagi tako imenovanega "book buildinga". Kot pozitivno predstavlja omejitev višine pogojnega povečanja osnovnega kapitala na 10 odstotkov, kadar se ta uporabi za namene uresničitve oziroma izdaje tako imenovanih delniških opcij za poslovodstvo, nadzornike ali delavce delniške družbe. Številne zakonske spremembe dopolnjujejo posamezne korporacijskopravne institute; prispevale bodo k učinkovitejšemu uveljavljanju pravic manjšinskih delničarjev ter varstvu upnikov v korporacijskih razmerjihTEXTznanstveno časopisjejournalsSlovenian National E-content AggregatorNational and University Library of Slovenia