be expelled for 10 years from all the Czech based companies;
be adjudged to refund the salary and other benefits and bonuses repaid by the company to the board member for the last two years of his/her office;
become a quarantor for all obligations (including non-monetary obligations) of the company of which he/she is a board member;
perform the activities being of competitive character towards the business of the company of which he/she is a board member;
be responsible for not concluding the contract with his/her business partner.
In October Accace Legal law firm will organize the legal seminar foc used on the above issues of the board members´ responsibility, rights and obligations and administration of the corporations. We will inform you about the date of the seminar in advance.
Download our 2017 Guidelines for details about the statutory framework and local entrepreneurial environment in the Czech Republic, Hungary, Poland, Romania, Slovakia and Ukraine! We have prepared for each country: