Europos Komisijos rekomendacijų dėl bendrovių valdymo organų narių atlyginimų perkėlimo į Lietuvos teisę problemos

LTŠiame straipsnyje pristatomi teoriniai ir praktiniai bendrovių valdymo organų narių atlyginimo skyrimo ir reglamentavimo aspektai. Aptariama aktuali Europos Sąjungos patirtis ir rekomendacijos reglamentuojant bendrovių valdymo organų narių atlyginimą. Taip pat straipsnyje analizuojamos Lietuvos bendrovių teisės problemos, trukdančios perkelti gerąją Vakarų praktiką į Lietuvą. [Iš leidinio]Reikšminiai žodžiai: Lietuvos įmonių teisės problemos; Valdymo organų atlyginimai; Bendrovių valdymo struktūra; Europos Komisijos rekomendacijos; Problems of the Lithuanian company law; Managerial pay; Management structure of companies; European Commission recommendations.

ENThe issue of managerial pay has been widely discussed in society, especially during 2007-2010 financial crisis with certain cases causing public outcry over executive pay levels in businesses that failed to perform. The companies offer their managers remuneration to attract talent, align their interests with that of the company and encourage them to duly perform their fiduciary duties. Reacting to the financial crisis the European Commission adopted new recommendations which require the companies to set executive pay in such manner that would attract talent, but would be aligned with risk management and promote shareholder rights by requiring more formalised procedure and more transparency relating to executive pay. Lithuania faces certain regulatory problems which are obstacles for absorption of modern Western practices in managerial pay. Firstly Lithuanian companies do not have prevailing board model. Secondly the Lithuanian Law on Companies for long time contained a rule that board members may only be paid out of company's profits (hence, no salary for the board, if no profits) which created lasting practice that the salary is paid by the shareholder. Further the Lithuanian legislation stipulates that the general meeting of the shareholders may only authorise management to issue shares for the period of 6 months. This inhibits the company from entering into long term share option agreements with management. [From the publication]