Multiple votes as a reward to loyal shareholders: A reform proposal
In this paper, the author analyses shareholders' multiple voting rights as a reward for their loyalty. Firstly, the definition of loyalty shares is provided both in the narrow and wider sense. Furthermore, the notion of loyalty as a condition for being rewarded, as well as the criteria for dete...
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| Format: | Article |
| Language: | English |
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University of Belgrade, Faculty of Law, Belgrade, Serbia
2019-01-01
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| Series: | Anali Pravnog Fakulteta u Beogradu |
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| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/0003-2565/2019/0003-25651901140L.pdf |
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| _version_ | 1850145083176779776 |
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| author | Lepetić Jelena |
| author_facet | Lepetić Jelena |
| author_sort | Lepetić Jelena |
| collection | DOAJ |
| description | In this paper, the author analyses shareholders' multiple voting rights as a reward for their loyalty. Firstly, the definition of loyalty shares is provided both in the narrow and wider sense. Furthermore, the notion of loyalty as a condition for being rewarded, as well as the criteria for determining loyalty in company law, is specially examined. Bearing in mind the solutions in representative comparative legal systems, the author proposes the reform of national company law. Finally, the author points to the fact that the reward provision should be included in the Serbian Companies Act while the relevant provisions of the Capital Market Act and Takeover Act should be amended in order to allow successful reform. Implementation of the reform would allow loyalty in company law, not only linked to special duties, but also to special rights that a shareholder can acquire as a reward for loyalty to the company. |
| format | Article |
| id | doaj-art-0520114762ef4d9c84a1e9374202e596 |
| institution | OA Journals |
| issn | 0003-2565 2406-2693 |
| language | English |
| publishDate | 2019-01-01 |
| publisher | University of Belgrade, Faculty of Law, Belgrade, Serbia |
| record_format | Article |
| series | Anali Pravnog Fakulteta u Beogradu |
| spelling | doaj-art-0520114762ef4d9c84a1e9374202e5962025-08-20T02:28:10ZengUniversity of Belgrade, Faculty of Law, Belgrade, SerbiaAnali Pravnog Fakulteta u Beogradu0003-25652406-26932019-01-0167114015810.5937/AnaliPFB1901147L0003-25651901140LMultiple votes as a reward to loyal shareholders: A reform proposalLepetić Jelena0Pravni fakultet Univerziteta u Beogradu, SerbiaIn this paper, the author analyses shareholders' multiple voting rights as a reward for their loyalty. Firstly, the definition of loyalty shares is provided both in the narrow and wider sense. Furthermore, the notion of loyalty as a condition for being rewarded, as well as the criteria for determining loyalty in company law, is specially examined. Bearing in mind the solutions in representative comparative legal systems, the author proposes the reform of national company law. Finally, the author points to the fact that the reward provision should be included in the Serbian Companies Act while the relevant provisions of the Capital Market Act and Takeover Act should be amended in order to allow successful reform. Implementation of the reform would allow loyalty in company law, not only linked to special duties, but also to special rights that a shareholder can acquire as a reward for loyalty to the company.https://scindeks-clanci.ceon.rs/data/pdf/0003-2565/2019/0003-25651901140L.pdfloyalty sharesloyal shareholdersshareholders' voting rights |
| spellingShingle | Lepetić Jelena Multiple votes as a reward to loyal shareholders: A reform proposal Anali Pravnog Fakulteta u Beogradu loyalty shares loyal shareholders shareholders' voting rights |
| title | Multiple votes as a reward to loyal shareholders: A reform proposal |
| title_full | Multiple votes as a reward to loyal shareholders: A reform proposal |
| title_fullStr | Multiple votes as a reward to loyal shareholders: A reform proposal |
| title_full_unstemmed | Multiple votes as a reward to loyal shareholders: A reform proposal |
| title_short | Multiple votes as a reward to loyal shareholders: A reform proposal |
| title_sort | multiple votes as a reward to loyal shareholders a reform proposal |
| topic | loyalty shares loyal shareholders shareholders' voting rights |
| url | https://scindeks-clanci.ceon.rs/data/pdf/0003-2565/2019/0003-25651901140L.pdf |
| work_keys_str_mv | AT lepeticjelena multiplevotesasarewardtoloyalshareholdersareformproposal |