|Opis:||The taxation policy significantly shapes the functioning of social systems. A part of them is also the remuneration policy, and in this Master’s thesis, the influence on the remuneration policy of the authority in public limited corporations is emphasized. The Member States should already, as a consequence of the Shareholder Rights Directive II, which changes the EU Directive 2007/36/ES, implement the altered manner of discussing and accepting the act of remuneration policy. The directive claims that the public limited companies prepare the remuneration policy, which will be discussed by the assembly; they will get familiar with the report of the remuneration of the authority and the control of the prior period. Slovenia is in the procedure of the treatment of the law, which would implement the provisions from the directive, although the Amendment of the Companies Act is not accepted yet. The thesis is establishing the state in the area of remuneration policy in the analogue countries and the influence of the taxes on the remuneration in Slovenia and abroad.
For better understanding, the remuneration policy has to be defined. The current arrangement is also presented, as it was more important than the new regulations predict. The scope of the rules was already defined in the Companies Act, which is inconsistent with the EU Directive, and that is why the Amendment of the Companies Act is in the discussion. It changes some definitions and procedures but unfortunately it does not affect the tax discussion, which is a significant deficiency. It also mentions the remuneration report, which makes them an important communication part among shareholders, the management, and the supervisory board of the companies.
The essential part of the thesis is the chapter on taxes, which influence the remuneration policy, and the comparison of such effects abroad. The arrangement under the applicable legislation remains important because the tax legislation about the Amendment is not changing. The corporate tax base, personal income, and other contributions (PIZ, ZZZS …) still influence the remuneration. We set the tax legislation against analogue countries, which often have a less egalitarian remuneration discussion, especially by the less complex and less branched system. For the structure of the remuneration, it is of the utmost importance to discuss option schemes and securities. To outline the current state we will discuss a practical example of the remuneration policy in the Slovenian companies and its implementation in one Slovenian and one foreign bank.
The thesis highlights the proposed amendments, which will soon have to enter into force, and proposes key corrections that could resolve some open issues. For the comprehensive restructuring of the remuneration area, we should have interfered with the structural reforms in the area of the remuneration discussion.|