NEW REGULATORY FRAMEWORK FOR RELATED PARTY TRANSACTIONS
DOI:
https://doi.org/10.30925/zpfsr.41.1.10Keywords:
related party transactions (RPTs); related party; transparency; International accounting standard 24 (IAS 24); Shareholders' Rights DirectiveAbstract
In the article author analyses the new regulatory framework for related party transactions adopted in the revised Shareholders' Rights Directive (SRD II), which was transposed into Croatian law by the amendment of the Companies Act 2019. The protection of the company and minority shareholders is prescribed by the provisions of prior approval of related party transactions and increasing the transparency requirements of related party transactions. The paper analyses the adopted provisions and open issues in their implementation and compares them with the solutions adopted in German law and the proposed amendment to the Slovenian Companies Act.
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