КУМУЛАТИВНО ГЛАСАЊЕ ЗА ИЗБОР ЧЛАНОВА УПРАВЕ (I)
CUMULATIVE VOTING FOR ELECTION OF BOARD MEMBERS (PART ONE)

Summary/Abstract: Corporate governance has created many new legal issues in recent decades, among which cumulative voting stands out. Beside the fact that the European theory and practice still haven’t made the final judgment concerning this type of voting, the major incentive for writing this paper was legal availability of this type of shareholder voting according to the Serbian Law on Business Organizations and the Serbian Corporate Governance Code. Furthermore, cumulative voting is the presumed type of voting for the election of board of directors and supervisory board in open corporations. There is apparent need to clarify these provisions, as well as to offer necessary guidelines to companies in order to properly implement rules on cumulative voting.

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