The &lt;i&gt;Societas Europaea&lt;/i&gt; (SE) in Europe&lt;br&gt; A promising start and an option with good prospects

Lenoir, Noëlle

doi:10.18352/ulr.57

Cited by 4 publications

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“…International groups of corporations operate in many countries around the world, and thus they can use the SE to create a global and relatively unified internal management structure. 10 However, the Czech legislation did not allow the founders of national joint-stock companies this option in 2011 and 2012. Since the one-tier structure allows for the existence of an SE with a single corporate body, we assumed that the management of such a company might be less expensive, which many entrepreneurs who were starting out would most likely welcome.…”

Section: B) Simplification Of the Internal Structurementioning

confidence: 99%

The Czech Republic as Market Leader in Societas Europaea: How Sustainable Are the Driving Forces?

Lasák¹

2020

iele

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Over time, the Czech Republic has become a clear market leader in SE incorporations. For instance, in 2012, more than 55% of all Societas Europaeas were incorporated in the Czech Republic. In recent years, the number of SE incorporations has always been substantial in the Czech Republic, which has created an interesting puzzle for both academics and practitioners. In previous research, a three-level structure of Czech SEs was identified -(i) operating SEs, (ii) "UFO SEs" and (iii) Shelf SEs.In a follow-up study prepared by Lasak and Eidenmueller, several corporate governance elements were identified as forces driving SE incorporations in the Czech Republic. My paper analyses these driving forces in the light of the development of Czech corporate governance and evaluates how sustainable these drivers for market leadership of the Czech Republic in terms of Czech SE incorporations are in the light of the recodification of Czech private law, which came into effect on

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Section: B) Simplification Of the Internal Structurementioning

confidence: 99%

The Czech Republic as Market Leader in Societas Europaea: How Sustainable Are the Driving Forces?

Lasák¹

2020

iele

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“…28 This is not unlike the single charter of Societas Europaea (SE) available in the EU. See Lenoir(2008).…”

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Resolving Troubled Systemically Important Cross-Border Financial Institutions: Is a New Corporate Organizational Form Required?

Cumming

Eisenbeis²

2010

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractThis paper explores the advantages of a new financial charter for large, complex, internationally active financial institutions that would address the corporate governance challenges of such organizations, including incentive problems in risk decisions and the complicated corporate and regulatory structures that impede cross-border resolutions. The charter envisions a single entity with broad powers in which the extent and timing of compensation are tied to financial results, senior managers and risk takers form a new risk-bearing stakeholder class, and a home-country-based resolution regime operates for the benefit of all creditors. The proposal is offered 1) to highlight the point that even in the face of a more efficient and effective resolution process, incentives for excessive risk taking will continue unless the costs of risk decisions are internalized by institutions, 2) to suggest another avenue for moving toward a streamlined organizational structure and single global resolution process, and 3) to complement other proposals aimed at preserving a large role for market discipline and firm incentives in a post-reform financial system.

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La sociedad europea (SE). ¿Una oportunidad perdida para la democracia industrial en europa?

Begega

Köhler²

2015

Cuad. Relac. Lab.

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RESUMENLa adopción en 2001 del Estatuto de Sociedad Anónima Europea supuso la culminación de un objetivo largamente perseguido por las instituciones comunitarias. Además de dotar a los socios de la Unión Europea de un vehículo jurídico único para la constitución de sociedades, el Estatuto de Sociedad Anónima Europea se vio suplementado por una Directiva de representación laboral que fue recibida como una pieza de gran potencial para el desarrollo de las relaciones laborales europeas. Algo más de una década más tarde, las expectativas generadas en torno a este reglamento no se han visto satisfechas. La regulación no ha tenido el efecto de transformación sobre las prácticas de representación laboral en la toma de decisiones corporativas transnacionales que algunos le atribuyeron en el momento de su aprobación. El artículo examina críticamente los motivos por los cuales el Estatuto de Sociedad Europea no ha cumplido su potencial transformador.Palabras clave: relaciones laborales europeas, empresa transnacional, toma de decisiones corporativas, participación laboral, democracia industrial. The European Society (SE). A missed opportunity for industrial democracy in europe?ABSTRACT The adoption of the European Society Statute in 2001 fulfilled a long pursued goal of the European Union institutions. It provided companies with a single legal tool to register in all member states. Besides, the European Society Statute was supplemented with a Directive on workers' involvement which was seen as legal piece with many possibilities for the future development of European industrial relations. Those expectations have not been met a decade and almost a half after. The regulation has not achieved the transformational effects on the practice of employee representation at corporate decision-making that some experts and practitioners foresaw by the time it was passed. The article evaluates the reasons for this failure. The track of the European Society Statute is reconstructed in order to explain why its alleged capacity for transformation has not been shown.

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The <i>Societas Europaea</i> (SE) in Europe<br> A promising start and an option with good prospects

Cited by 4 publications

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The Czech Republic as Market Leader in Societas Europaea: How Sustainable Are the Driving Forces?

The Czech Republic as Market Leader in Societas Europaea: How Sustainable Are the Driving Forces?

Resolving Troubled Systemically Important Cross-Border Financial Institutions: Is a New Corporate Organizational Form Required?

La sociedad europea (SE). ¿Una oportunidad perdida para la democracia industrial en europa?

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