Jan Dědič, Jan Lasák
Author’s affiliation: Kocián Šolc Balaštík, attorneys at law

Per rollam decision making in Czech joint-stock companies

Jurisprudence 5/2020 Section: Articles Page: 1-17

Keywords: per rollam decision making, joint-stock company, Lex Covid, corporate governance

Abstract: The global pandemic of the novel coronavirus (known as SARS CoV-2) poses, in various respects, an unusual challenge to legal systems across continents, whether in terms of restricting fundamental human rights and freedoms or prohibiting/restricting certain forms of business where human contact is the norm. In this respect, corporate law is also undergoing a stress test as the exercise of shareholder rights is, to some extent, conditional on the physical presence of several individuals in one place, especially in the case of general meetings. This article outlines the practical aspects of per rollam decision making in joint-stock companies, reflecting amendment to the Corporations Act (Act No. 33/2020 Coll.), which will enter into force as of 1 January 2021.