If a member of advisory board does not receive for certain period of time requested information from the management, he/she should be obliged to request to call the general meeting that would solve the problem with the board of directors (management) of the company serving public interest.
If the member of the supervisory board did not receive information from the management of the enterprise providing services of public interest and in such situation he/she had the obligation to the shareholder assembly which would resolve this problem with the management of this enterprise, it would not be possible if the members of the supervisory board representing public interest could avoid exercising public control by claiming that they did not have access to the necessary information.
Sources:
- 2010 Annual report of the Czech Intelligence Service, p. 4
- 2012 Annual report of the Czech Intelligence Service, p. 6
- Fadrný, M., Bouda, P., Czech Republic, the country of gravy trains, Frank Bold, 2014, section 3.2., p. 16– 17
- Business corporations controlled by the state and municipalities: Do they need stricter rules, Environmental Law Services and Centre for Applied Economy of the Institute of Economic Studies (Charles University in Prague),5 November 2011, chap. 5
- Vondráček, O., Havrda, M., 21 recipes – Anti-corruption cookbook, Recipe 14: Supervisory boards of companies serving public interest, December 2013
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Justification and sources