Czech Corporate Governance in the Light of its History and the Influence of the G20/OECD Corporate Governance Principles

Abstract This article maps the development of Czech corporate law after 1989 against backdrop gradual change private and its paradigms as well considering especially influence use governance soft law. It describes some economic, political social reasons that slowed down or marginalized relevance OECD Corporate Governance Principles transition Czechoslovakia later Republic to democratic At same time, attempts show while recodification law, in particular rules, did not provide much support for codes, it nevertheless reflected relevant rules recommendations statutory thus, partially attaining similar goals. The authors this therefore believe lack practical aspects responsibility is often due inadequacy legal regulation but rather result an overestimation personal characteristics entrepreneurs, their reluctance introduce complex structures a rigid very conservative interpretive positivism.