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A Tool for Administration of the Company Product Portfolio
Sázavský, Petr ; Šuška, Boris (referee) ; Květoňová, Šárka (advisor)
In this work, we introduce the evolution of thinking in the field of corporate governance. We are focusing on process management and current possibilities information support business processes. We'll show you an overview of performance measurement tools and process efficiency. An important part of this work is dedicated to design its own discount site that allows its customers to bulk purchases of various goods and services at a bargain price. For this site was created by an instrument to promote corporate portfolio. The tool is designed to automatically monitor and analyze sales success in competition and thus promote the award of contracts and specific form of a sale on your own server. The end of work is devote to practical use of the discount site in the real environment and evaluation of results.
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Internal and external factors influencing the cost of equity capital
Mokhova, Natalia ; Kožená, Marcela (referee) ; Živělová, Iva (referee) ; Lace, Natalja (referee) ; Zinecker, Marek (advisor)
Náklady vlastního kapitálu, jež jsou ovlivňovány řadou interních a externích činitelů, významným faktorem ovlivňujícím rozhodovací procesy v podnikové sféře. Cílem této disertační práce je na základě primárních a sekundárních dat formulovat původní metodiku řízení nákladů vlastního kapitálu. Zdrojem sekundárních dat je rozsáhlá literární rešerše zahrnující zahraniční a tuzemské vědecké studie a databáze. Primární data, na základě nichž byl zkoumán vztah mezi teoretickými přístupy řízení nákladů vlastního kapitálu a podnikovou praxí, byla získána formou dotazníkového šetření od finančních manažerů působících v podnicích se sídlem na území ČR. Data byla zpracována s využitím statistických metod. Výsledky disertační práce přispívají k hlubšímu porozumění vztahu mezi náklady vlastního kapitálu a jejich determinantů a odhalují rozdíly mezi teorií a manažerskou praxí. Navrhovaná metodika řízení nákladů vlastního kapitálu je určená k použití v podnikové praxi a lze předpokládat její další rozvíjení v rámci navazujících výzkumných aktivit.
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Corporate Governance
Ptáček, Petr ; Pelc,, Petr (referee) ; Kocmanová, Alena (advisor)
The aim of the master’s thesis is to analyse the corporate governance in the Cyrrus, a. s. In the first part of the thesis, particular approaches to corporate governance including an approach used in trading companies in the Czech Republic are appointed. Further, in the practical part, theoretical knowledge to a particular company is applied. With the help of the economic analysis and the analysis of compliance with the Code of Corporate Governance Principles, based on the OECD 2004, the work will evaluate the effectiveness of governance in the particular company and propose recommendations that would lead to an improvement of the situation.
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Executive and non-executive board members in the context of czech law and czech corporate governance code
Syrovátka, Vojtěch ; Hurychová, Klára (advisor) ; Tomášek, Petr (referee)
Executive and non-executive board members in the context of czech law and czech corporate governance code Abstract This thesis analyses the division of responsibilities in boards of directors, focusing on executive and non-executive directors. The regulation of unitary boards was recently amended in the Czech Republic. The previous regulation was perceived as unclear. This may be one of the reasons why most Czech companies is using a two-tier board structure, which separates the supervisory function and the management function of the board. The question remains: Will the amendment of unitary boards cause more companies to use non-executive directors? Provisions regarding the participation of non-executive directors on boards are often located in soft law. The Czech Corporate Governance Code contains the provisions in the Czech Republic, which is why the first part of the thesis provides information on corporate governance and corporate governance codes. The second part of the thesis offers a brief review of the historical development of non-executive directors in countries where the unitary board model originated. This part focuses on soft law regulation in the United Kingdom. It subsequently analyses soft law regulations concerning non-executive directors in different countries worldwide and compares them...
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The legal status of CEOs in the corporate governance of Czech and foreign joint stock companies
Ryšina, Petr ; Hurychová, Klára (advisor) ; Pelikán, Robert (referee)
The Legal Status of CEOs in the Corporate Governance of Czech and Foreign Joint Stock Companies Abstract CEOs play a crucial role in corporate governance, and understanding their legal status is fundamental to board organisation practices. This thesis aims to map the question of the legal status of CEOs, with a focus on regulatory approaches to CEOs and chairpersons of the board in different regions. The research established two main approaches to regulating CEO's legal status. On the one hand, the approach of Anglo-American countries is presented in this thesis by two main representatives - the UK and the USA. The common board organisational model is a unitary board model for which it is typical to combine management and supervisory powers in the board of directors. This is also reflected in the legal status of the CEO, as one of the main issues addressed is the CEO and chairperson duality and its consequences on corporate governance. On the other hand, the different approach taken by the countries in Continental Europe is analysed. Germany and Austria are introduced as countries known for a compulsory two-tier board model. In contrast to the Anglo-American world, the position of the CEO is not embedded in the countries of Continental Europe. The problem of CEO and chairperson duality is not present...
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Shareholder derivative suit
Šimara, Jan ; Flídr, Jan (advisor) ; Josková, Lucie (referee)
-1- Shareholder derivative suit Abstract This thesis concerns itself with the topic of derivative suits and shareholder derivative suits in particular. In the ever-changing landscape of corporate governance, derivative suits serve as a tool for the minority shareholder to enforce claims, which arise following a breach of duty by the directors in the case that the company itself is paralyzed by the directors' unwillingness to litigate. The core of the issue at hand lies in striking the balance between enhancing shareholder and company rights and allowing the directors to perform their duties without too much impediment and thus stifling the prosperity of the corporation. In such cases, the very goal which all business companies intend to pursue, the generation of profit, may be jeopardized. The hypothesis of this thesis seeks to answer the question, whether the Czech regime of shareholder derivative suits is suitably positioned to match the relevant provisions, contained in some of the countries with the most advanced corporate governance systems. To confirm or deny this hypothesis, the first section of this thesis puts forth a general summarization of the derivative suit in its basic form. The next step examines the historical evolution of the derivative suit within the two countries in which the concept of...
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Supervisory Boards of Joint Stock Companies and Employee Co-determination in the Czech Republic
Červená, Markéta ; Gregor, Martin (advisor) ; Vacek, Pavel (referee)
The Czech regulatory framework for supervisory boards of large joint stock com- panies leaves significant space to configure company-specific setups in hands of shareholders. As a result, the design, composition and competences of a super- visory board in the Czech Republic can to a large extent vary from company to company. In addition to that, the regulatory framework has been subject to potentially impactful changes over the last decade, such as relaxation and follow- ing re-introduction of mandatory representation of employees in the supervisory boards for all large joint stock companies. This thesis explores a unique dataset with information on all, more than 250, Czech joint stock companies with over 500 employees that were subject to the re-introduced requirement on employee participation. The aim of this thesis is to shed light on supervisory board prac- tices in the Czech republic between 2009-2020. Special attention is paid to the question how these practices changed in light of changing legal requirements regarding the mandatory employee participation. First, a series of observations that draws from the examined dataset was provided on the topic, uncovering, e.g., that two-tier corporate governance structure remained dominant in the Czech environment; that education and gender of...
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Corporate governance and M&A effectiveness
Akmatalieva, Chinara ; Gregor, Martin (advisor) ; Novák, Jiří (referee)
This master thesis analyzes the transactions of merger and acquisition for three European countries as Germany, Netherlands and Austria with developed economies and how they are affected by corporate governance in the companies. In order to address, it collects 41 deals from 426 chosen transactions from the 1st of January 2010 to 31st of December 2019. Using method of event study with data from stock market it was examined the cumulative abnormal return on the shares of the acquiring company. Based on the results of the study, the optimum number of directors on the board, the board independence ratio and the length of the CEO's tenure have a positive relation to the effectiveness of mergers and acquisitions at the current level of corporate governance. In addition, guided by this research, it is possible to improve the mechanism of corporate governance in order to increase efficiency of mergers and acquisitions in Europe. Furthermore, an empirical model with cumulative abnormal return calculation tend to explain the impact of board structure, the number of independent members and the tenure of chief executive officer on mergers and acquisitions performance. JEL Classification C8, G3, G30, G34, M20 Keywords corporate governance, mergers and acquisitions, event study, agency theory, board of...
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Corporate Governance Index for the Prague Stock Exchange and Zagreb Stock Exchange Listed Companies
Ibrahimpašić, Tihana ; Gutiérrez Chvalkovská, Jana (advisor) ; Vukelić, Tatjana (referee)
I | P a g e Abstract This thesis primarily focuses on the construction of a firm-specific index measuring the quality of corporate governance in the most liquid Czech and Croatian companies. The index is made by following OECD recommendations on construction of composite indicators. It allows comparison of best practices implementation on the overall level, and it also provides with a comprehensive analogy in terms of various governance domains performance. These domains are represented by four sub-indices: Board, Conflict of Interest, Shareholders' Rights, and Transparency and Disclosure. Initial assumption, stating that the Czech companies should have higher overall Corporate Governance Index score than the Croatian companies, is approved. Moreover, the Czech companies have stronger performance in three sub-indices: Board, Conflict of Interest, and Transparency and Disclosure, whereas the Croatian companies have negligible advantage solely with regard to the Shareholders' Rights Sub-index.
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Duty of due managerial care of member of an elective body of a limited company and consequences of its violation
Čopáková, Tereza ; Černá, Stanislava (advisor) ; Patěk, Daniel (referee)
Duty of due managerial care of member of an elective body of a limited company and consequences of its violation The purpose of my thesis is to analyze duty of due managerial care (hereinafter as "duty of care") of a member of an elective body of a limited company according to new legislation, which became effective in January 2014. Duty of care consist of several indefinite aspects and my aim is to define them and set boundaries in which person as a member of an elective body shall operate during performing his duties. Thesis refers to doctrinal view on this topic, offers solutions based on relevant jurisdiction and looks at consequences of violating duty of care. The thesis is composed of six followed-up chapters. Chapter One is introductory, defines basic terminology and consists of defining persons, who shall follow the rules of duty of care and consideration of liability in case of distribution of competences in collegiate body. Chapter also deals with issue brought to Czech law with integrating a monistic structure of stock company. This passage comes to conclusion that duty of care belongs to statutory director in the event of violating guidelines made by board of directors. Chapter Two is subdivided into two parts, each describing aspects of duty of care. Firstly it describes duty of loyalty...
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