{"id":60891,"date":"2023-12-08T20:22:23","date_gmt":"2023-12-08T11:22:23","guid":{"rendered":"https:\/\/monolith.law\/cs\/?p=60891"},"modified":"2024-01-29T17:50:24","modified_gmt":"2024-01-29T08:50:24","slug":"clause-dispatching-of-company-executives","status":"publish","type":"post","link":"https:\/\/monolith.law\/cs\/general-corporate\/clause-dispatching-of-company-executives","title":{"rendered":"Co je to klauzule o vysl\u00e1n\u00ed \u010dlen\u016f p\u0159edstavenstva v investi\u010dn\u00edch smlouv\u00e1ch?"},"content":{"rendered":"\n<p>Mezi klauzule, kter\u00e9 mohou b\u00fdt stanoveny v investi\u010dn\u00ed smlouv\u011b, kdy\u017e dost\u00e1v\u00e1 startup investice od rizikov\u00e9ho kapit\u00e1lu (VC), pat\u0159\u00ed klauzule o vysl\u00e1n\u00ed \u010dlen\u016f dozor\u010d\u00ed rady. <br> Mysl\u00edm, \u017ee m\u00e1te n\u011bjakou p\u0159edstavu o klauzuli o vysl\u00e1n\u00ed \u010dlen\u016f dozor\u010d\u00ed rady, ale nemus\u00edte pln\u011b rozum\u011bt, co to je za klauzuli a jak\u00fd m\u00e1 pr\u00e1vn\u00ed v\u00fdznam. <br> V tomto \u010dl\u00e1nku vysv\u011btl\u00edme klauzuli o vysl\u00e1n\u00ed \u010dlen\u016f dozor\u010d\u00ed rady v investi\u010dn\u00ed smlouv\u011b.<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/importance-and-necessity-of-investment-contract\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/importance-and-necessity-of-investment-contract[ja]<\/a><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_53 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/clause-dispatching-of-company-executives\/#Co_je_to_klauzule_o_vyslani_reditele\" title=\"Co je to klauzule o vysl\u00e1n\u00ed \u0159editele\">Co je to klauzule o vysl\u00e1n\u00ed \u0159editele<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/clause-dispatching-of-company-executives\/#Vyznam_ustanoveni_o_vyslani_reditele\" title=\"V\u00fdznam ustanoven\u00ed o vysl\u00e1n\u00ed \u0159editele\">V\u00fdznam ustanoven\u00ed o vysl\u00e1n\u00ed \u0159editele<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/clause-dispatching-of-company-executives\/#Funkce_dohledu_a_kontroly_rozhodovani_predstavenstva\" title=\"Funkce dohledu a kontroly rozhodov\u00e1n\u00ed p\u0159edstavenstva\">Funkce dohledu a kontroly rozhodov\u00e1n\u00ed p\u0159edstavenstva<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/clause-dispatching-of-company-executives\/#Funkce_ziskavani_internich_informaci_spolecnosti\" title=\"Funkce z\u00edsk\u00e1v\u00e1n\u00ed intern\u00edch informac\u00ed spole\u010dnosti\">Funkce z\u00edsk\u00e1v\u00e1n\u00ed intern\u00edch informac\u00ed spole\u010dnosti<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/clause-dispatching-of-company-executives\/#Vyslani_jako_pozorovatel\" title=\"Vysl\u00e1n\u00ed jako pozorovatel\">Vysl\u00e1n\u00ed jako pozorovatel<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/clause-dispatching-of-company-executives\/#Pozorovani_pro_klauzule_o_vysilani_reditelu_z_pohledu_startupu_a_podobnych_spolecnosti\" title=\"Pozorov\u00e1n\u00ed pro klauzule o vys\u00edl\u00e1n\u00ed \u0159editel\u016f z pohledu startup\u016f a podobn\u00fdch spole\u010dnost\u00ed\">Pozorov\u00e1n\u00ed pro klauzule o vys\u00edl\u00e1n\u00ed \u0159editel\u016f z pohledu startup\u016f a podobn\u00fdch spole\u010dnost\u00ed<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/clause-dispatching-of-company-executives\/#Pocet_vysilanych_reditelu\" title=\"Po\u010det vys\u00edlan\u00fdch \u0159editel\u016f\">Po\u010det vys\u00edlan\u00fdch \u0159editel\u016f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/clause-dispatching-of-company-executives\/#Charakter_a_osobnost_vysilanych_reditelu\" title=\"Charakter a osobnost vys\u00edlan\u00fdch \u0159editel\u016f\">Charakter a osobnost vys\u00edlan\u00fdch \u0159editel\u016f<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/clause-dispatching-of-company-executives\/#Klicove_body_pro_kontrolu_klauzule_o_vysilani_reditelu_z_pohledu_VC_a_dalsich_investoru\" title=\"Kl\u00ed\u010dov\u00e9 body pro kontrolu klauzule o vys\u00edl\u00e1n\u00ed \u0159editel\u016f z pohledu VC a dal\u0161\u00edch investor\u016f\">Kl\u00ed\u010dov\u00e9 body pro kontrolu klauzule o vys\u00edl\u00e1n\u00ed \u0159editel\u016f z pohledu VC a dal\u0161\u00edch investor\u016f<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/clause-dispatching-of-company-executives\/#Odpovednost_jako_reditel\" title=\"Odpov\u011bdnost jako \u0159editel\">Odpov\u011bdnost jako \u0159editel<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/clause-dispatching-of-company-executives\/#Vztah_k_stretu_zajmu\" title=\"Vztah k st\u0159etu z\u00e1jm\u016f\">Vztah k st\u0159etu z\u00e1jm\u016f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/clause-dispatching-of-company-executives\/#Stihani_odpovednosti_reditelu_startupu_atd\" title=\"St\u00edh\u00e1n\u00ed odpov\u011bdnosti \u0159editel\u016f startup\u016f atd.\">St\u00edh\u00e1n\u00ed odpov\u011bdnosti \u0159editel\u016f startup\u016f atd.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/clause-dispatching-of-company-executives\/#Tezkosti_s_rezignaci_na_post_reditele\" title=\"T\u011b\u017ekosti s rezignac\u00ed na post \u0159editele\">T\u011b\u017ekosti s rezignac\u00ed na post \u0159editele<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/clause-dispatching-of-company-executives\/#Poskytovani_informaci_VC_atd_jako_akcionarum\" title=\"Poskytov\u00e1n\u00ed informac\u00ed VC atd. jako akcion\u00e1\u0159\u016fm\">Poskytov\u00e1n\u00ed informac\u00ed VC atd. jako akcion\u00e1\u0159\u016fm<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/clause-dispatching-of-company-executives\/#Shrnuti\" title=\"Shrnut\u00ed\">Shrnut\u00ed<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Co_je_to_klauzule_o_vyslani_reditele\"><\/span>Co je to klauzule o vysl\u00e1n\u00ed \u0159editele<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Klauzule o vysl\u00e1n\u00ed \u0159editele je ustanoven\u00ed, podle kter\u00e9ho investo\u0159i, jako jsou nap\u0159\u00edklad VC (Venture Capital), vys\u00edlaj\u00ed sv\u00e9 z\u00e1stupce do vedouc\u00edch pozic ve startupov\u00fdch spole\u010dnostech a podobn\u00fdch firm\u00e1ch. C\u00edlem tohoto ustanoven\u00ed je umo\u017enit investor\u016fm m\u00edt vliv na \u0159\u00edzen\u00ed t\u011bchto spole\u010dnost\u00ed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vyznam_ustanoveni_o_vyslani_reditele\"><\/span>V\u00fdznam ustanoven\u00ed o vysl\u00e1n\u00ed \u0159editele<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/monolith.law\/wp-content\/uploads\/2019\/10\/shutterstock_1160019703-1024x683.jpg\" alt=\"\" class=\"wp-image-5227\" \/><figcaption class=\"wp-element-caption\">Jak\u00fd je v\u00fdznam ustanoven\u00ed o vysl\u00e1n\u00ed \u0159editele?<\/figcaption><\/figure>\n\n\n\n<p>V r\u00e1mci investi\u010dn\u00ed smlouvy m\u016f\u017eeme identifikovat n\u00e1sleduj\u00edc\u00ed dva v\u00fdznamy ustanoven\u00ed o vysl\u00e1n\u00ed \u0159editele:<\/p>\n\n\n\n<ol>\n<li> Funkce dohledu a kontroly rozhodov\u00e1n\u00ed p\u0159edstavenstva<\/li>\n\n\n\n<li> Funkce z\u00edsk\u00e1v\u00e1n\u00ed intern\u00edch informac\u00ed spole\u010dnosti<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Funkce_dohledu_a_kontroly_rozhodovani_predstavenstva\"><\/span>Funkce dohledu a kontroly rozhodov\u00e1n\u00ed p\u0159edstavenstva<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Prvn\u00edm v\u00fdznamem je, \u017ee investo\u0159i, jako jsou nap\u0159\u00edklad venture kapit\u00e1lov\u00e9 spole\u010dnosti (VC), mohou vyslat sv\u00e9 z\u00e1stupce do funkce \u0159editele, aby dohl\u00ed\u017eeli a kontrolovali, zda je podnik\u00e1n\u00ed v startupov\u00fdch spole\u010dnostech \u0159\u00e1dn\u011b prov\u00e1d\u011bno. T\u00edm, \u017ee se z\u00e1stupci VC zapoj\u00ed jako \u0159editel\u00e9 startupov\u00fdch spole\u010dnost\u00ed, mohou VC dohl\u00ed\u017eet a kontrolovat, zda je podnik\u00e1n\u00ed v startupov\u00fdch spole\u010dnostech prov\u00e1d\u011bno v souladu s obchodn\u00edm pl\u00e1nem.<\/p>\n\n\n\n<p>Podle pr\u00e1va, pokud nen\u00ed ve stanov\u00e1ch jinak stanoveno, rozhodnut\u00ed valn\u00e9 hromady se p\u0159ij\u00edm\u00e1 &#8220;p\u0159\u00edtomnost\u00ed akcion\u00e1\u0159\u016f, kte\u0159\u00ed maj\u00ed v\u00edce ne\u017e polovinu hlasovac\u00edch pr\u00e1v, a hlasov\u00e1n\u00edm t\u011bchto akcion\u00e1\u0159\u016f, kte\u0159\u00ed maj\u00ed v\u00edce ne\u017e polovinu hlasovac\u00edch pr\u00e1v&#8221; (japonsk\u00fd Z\u00e1kon o spole\u010dnostech, \u010dl\u00e1nek 309, odstavec 1). Pokud bylo vysl\u00e1no m\u00e9n\u011b ne\u017e polovina \u0159editel\u016f, VC nem\u016f\u017ee pr\u00e1vn\u011b ovl\u00e1dat rozhodov\u00e1n\u00ed p\u0159edstavenstva startupov\u00fdch spole\u010dnost\u00ed. Nicm\u00e9n\u011b, je mo\u017en\u00e9, \u017ee pokud se z\u00e1stupci VC zapoj\u00ed do p\u0159edstavenstva a vyj\u00e1d\u0159\u00ed sv\u016fj n\u00e1zor, mohou ovlivnit p\u0159edstavenstvo a v praxi ovl\u00e1dat rozhodov\u00e1n\u00ed p\u0159edstavenstva.<\/p>\n\n\n\n<p>Pokud by \u0159editel, kter\u00fd byl vysl\u00e1n, hovo\u0159il na p\u0159edstavenstvu a ostatn\u00ed \u0159editel\u00e9 by ignorovali jeho projev a rozhodli se, co\u017e by zp\u016fsobilo \u0161kodu spole\u010dnosti, je vysok\u00e9 riziko, \u017ee ostatn\u00ed \u0159editel\u00e9, kte\u0159\u00ed ignorovali projev vyslan\u00e9ho \u0159editele, by byli hodnoceni jako poru\u0161en\u00ed povinnosti p\u00e9\u010de a loajality, co\u017e by nakonec vedlo k o\u010dek\u00e1v\u00e1n\u00ed spr\u00e1vn\u00e9ho rozhodov\u00e1n\u00ed.<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/investment-contract-clause-management-company\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/investment-contract-clause-management-company[ja]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Funkce_ziskavani_internich_informaci_spolecnosti\"><\/span>Funkce z\u00edsk\u00e1v\u00e1n\u00ed intern\u00edch informac\u00ed spole\u010dnosti<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Druh\u00fdm v\u00fdznamem ustanoven\u00ed o vysl\u00e1n\u00ed \u0159editele v investi\u010dn\u00ed smlouv\u011b je funkce z\u00edsk\u00e1v\u00e1n\u00ed intern\u00edch informac\u00ed spole\u010dnosti. Pokud investo\u0159i, jako jsou VC, zapoj\u00ed sv\u00e9 z\u00e1stupce do p\u0159edstavenstva startupov\u00fdch spole\u010dnost\u00ed jako \u0159editele, budou moci z\u00edskat intern\u00ed informace, kter\u00e9 byly p\u0159edlo\u017eeny na p\u0159edstavenstvu. Nav\u00edc, pokud se zapoj\u00ed jako \u0159editel\u00e9, budou moci po\u017eadovat od ostatn\u00edch \u0159editel\u016f zve\u0159ejn\u011bn\u00ed informac\u00ed pot\u0159ebn\u00fdch pro v\u00fdkon jejich povinnost\u00ed jako \u0159editel\u016f.<\/p>\n\n\n\n<p>\u0158editel vyslan\u00fd z VC je st\u00e1le \u0159editelem, tak\u017ee pokud by ostatn\u00ed \u0159editel\u00e9 byli po\u017e\u00e1d\u00e1ni o zve\u0159ejn\u011bn\u00ed informac\u00ed pot\u0159ebn\u00fdch pro v\u00fdkon jejich povinnost\u00ed \u0159editelem vyslan\u00fdm z VC, bylo by t\u011b\u017ek\u00e9 to odm\u00edtnout.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vyslani_jako_pozorovatel\"><\/span>Vysl\u00e1n\u00ed jako pozorovatel<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Podobn\u011b jako metoda, kdy VC a podobn\u00e9 subjekty vys\u00edlaj\u00ed sv\u00e9 z\u00e1stupce jako \u0159editele, existuje tak\u00e9 metoda vysl\u00e1n\u00ed jako pozorovatel\u016f. I kdy\u017e se ne\u00fa\u010dastn\u00edte na \u0159\u00edzen\u00ed startup\u016f a podobn\u00fdch spole\u010dnost\u00ed jako \u0159editel, budete se \u00fa\u010dastnit jako pozorovatel, co\u017e m\u00e1 podobn\u00fd dopad jako klauzule o vysl\u00e1n\u00ed \u0159editele. Kdy\u017e jste vysl\u00e1n jako pozorovatel, v\u00e1\u0161 vliv je obecn\u011b men\u0161\u00ed ne\u017e kdy\u017e se \u00fa\u010dastn\u00edte jako \u0159editel, ale m\u016f\u017eete se vyhnout rizik\u016fm, jako je p\u0159evzet\u00ed odpov\u011bdnosti jako \u0159editel nebo nemo\u017enost rezignovat na pozici \u0159editele.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pozorovani_pro_klauzule_o_vysilani_reditelu_z_pohledu_startupu_a_podobnych_spolecnosti\"><\/span>Pozorov\u00e1n\u00ed pro klauzule o vys\u00edl\u00e1n\u00ed \u0159editel\u016f z pohledu startup\u016f a podobn\u00fdch spole\u010dnost\u00ed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>V\u00fd\u0161e jsme vysv\u011btlili v\u00fdznam klauzule o vys\u00edl\u00e1n\u00ed \u0159editel\u016f.<\/p>\n\n\n\n<p>N\u00ed\u017ee se budeme zab\u00fdvat ot\u00e1zkami, kter\u00e9 by m\u011bly startupy a podobn\u00e9 spole\u010dnosti vz\u00edt v \u00favahu v souvislosti s klauzul\u00ed o vys\u00edl\u00e1n\u00ed \u0159editel\u016f v investi\u010dn\u00edch smlouv\u00e1ch.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pocet_vysilanych_reditelu\"><\/span>Po\u010det vys\u00edlan\u00fdch \u0159editel\u016f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Jak jsme ji\u017e uvedli, rozhodnut\u00ed valn\u00e9 hromady akcion\u00e1\u0159\u016f je takov\u00e9, \u017ee &#8220;rozhodnut\u00ed valn\u00e9 hromady akcion\u00e1\u0159\u016f se prov\u00e1d\u00ed, pokud nen\u00ed v stanov\u00e1ch stanoveno jinak, \u00fa\u010dast\u00ed akcion\u00e1\u0159\u016f, kte\u0159\u00ed maj\u00ed v\u00edce ne\u017e polovinu hlasovac\u00edch pr\u00e1v, a v\u00edce ne\u017e polovinou hlasovac\u00edch pr\u00e1v p\u0159\u00edtomn\u00fdch akcion\u00e1\u0159\u016f&#8221; (Japonsk\u00fd z\u00e1kon o spole\u010dnostech, \u010dl\u00e1nek 309, odstavec 1). Pokud tedy startupy a podobn\u00e9 spole\u010dnosti p\u0159ijmou mnoho z\u00e1stupc\u016f VC a podobn\u00fdch subjekt\u016f jako \u0159editele, mohou ztratit kontrolu a \u0159\u00edzen\u00ed spole\u010dnosti ve prosp\u011bch VC a podobn\u00fdch subjekt\u016f, co\u017e vy\u017eaduje opatrnost.<\/p>\n\n\n\n<p>Je tak\u00e9 t\u0159eba b\u00fdt opatrn\u00fd, pokud startupy a podobn\u00e9 spole\u010dnosti dr\u017e\u00ed t\u011bsnou v\u011bt\u0161inu. To proto, \u017ee je mo\u017en\u00e9, \u017ee \u0159editel\u00e9 startup\u016f a podobn\u00fdch spole\u010dnost\u00ed se p\u0159iklon\u00ed na stranu VC a podobn\u00fdch subjekt\u016f a ztrat\u00ed v\u011bt\u0161inu, a v z\u00e1vislosti na n\u00e1vrhu m\u016f\u017ee nastat situace, kdy \u0159editel\u00e9 startup\u016f a podobn\u00fdch spole\u010dnost\u00ed nemohou hlasovat jako zvl\u00e1\u0161tn\u00ed z\u00e1jmov\u00e9 strany (Japonsk\u00fd z\u00e1kon o spole\u010dnostech, \u010dl\u00e1nek 369, odstavec 2) a nemohou dos\u00e1hnout v\u011bt\u0161iny.<\/p>\n\n\n\n<p>Proto je pro startupy a podobn\u00e9 spole\u010dnosti \u017e\u00e1douc\u00ed udr\u017eovat v\u011bt\u0161inu s dostate\u010dnou rezervou.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Charakter_a_osobnost_vysilanych_reditelu\"><\/span>Charakter a osobnost vys\u00edlan\u00fdch \u0159editel\u016f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Mezi vys\u00edlan\u00fdmi \u0159editeli jsou lid\u00e9 s r\u016fzn\u00fdmi charaktery, my\u0161lenkami a osobnostmi. Pokud vys\u00edlan\u00fd \u0159editel nen\u00ed kompatibiln\u00ed se startupem nebo podobnou spole\u010dnost\u00ed, m\u016f\u017ee to v\u00e9st k omezen\u00ed \u0159editel\u016f startupu nebo podobn\u00e9 spole\u010dnosti a k situaci, kdy nen\u00ed mo\u017en\u00e9 v\u00e9st konstruktivn\u00ed diskusi nebo hladce rozhodovat.<\/p>\n\n\n\n<p>Proto je pro startupy a podobn\u00e9 spole\u010dnosti, kter\u00e9 p\u0159ij\u00edmaj\u00ed vys\u00edlan\u00e9 \u0159editele, d\u016fle\u017eit\u00e9 zv\u00e1\u017eit kompatibilitu s vys\u00edlan\u00fdmi \u0159editeli a vytvo\u0159it syst\u00e9m, kter\u00fd umo\u017e\u0148uje VC a podobn\u00fdm subjekt\u016fm vys\u00edlat jin\u00e9 z\u00e1stupce jako \u0159editele, pokud kompatibilita neexistuje.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Klicove_body_pro_kontrolu_klauzule_o_vysilani_reditelu_z_pohledu_VC_a_dalsich_investoru\"><\/span>Kl\u00ed\u010dov\u00e9 body pro kontrolu klauzule o vys\u00edl\u00e1n\u00ed \u0159editel\u016f z pohledu VC a dal\u0161\u00edch investor\u016f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/monolith.law\/wp-content\/uploads\/2019\/10\/shutterstock_1487937605-1024x683.jpg\" alt=\"\" class=\"wp-image-5225\" \/><figcaption class=\"wp-element-caption\">Na co by m\u011bli investo\u0159i VC v\u011bnovat pozornost p\u0159i klauzuli o vys\u00edl\u00e1n\u00ed \u0159editel\u016f?<\/figcaption><\/figure>\n\n\n\n<p>V\u00fd\u0161e jsme vysv\u011btlili, na co by m\u011bly startupy a podobn\u00e9 spole\u010dnosti v\u011bnovat pozornost p\u0159i klauzuli o vys\u00edl\u00e1n\u00ed \u0159editel\u016f. N\u00ed\u017ee se zam\u011b\u0159\u00edme na to, na co by m\u011bli investo\u0159i, jako jsou VC, v\u011bnovat pozornost p\u0159i klauzuli o vys\u00edl\u00e1n\u00ed \u0159editel\u016f v investi\u010dn\u00ed smlouv\u011b.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Odpovednost_jako_reditel\"><\/span>Odpov\u011bdnost jako \u0159editel<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Kdy\u017e je n\u011bkdo z VC nebo podobn\u00fdch subjekt\u016f vysl\u00e1n jako \u0159editel do startupu nebo podobn\u00e9 spole\u010dnosti, p\u0159irozen\u011b nese odpov\u011bdnost jako \u0159editel. Proto je nutn\u00e9 vys\u00edlat ty, kte\u0159\u00ed jsou schopni \u0159\u00e1dn\u011b plnit sv\u00e9 povinnosti jako \u0159editel\u00e9, aby nedo\u0161lo k poru\u0161en\u00ed povinnosti loajality nebo povinnosti p\u00e9\u010de \u0159\u00e1dn\u00e9ho hospod\u00e1\u0159e.<\/p>\n\n\n\n<p>Kdy\u017e VC nebo podobn\u00fd subjekt vys\u00edl\u00e1 \u0159editele, je vhodn\u00e9 uzav\u0159\u00edt smlouvu o omezen\u00ed odpov\u011bdnosti pro vyslan\u00e9ho \u0159editele a p\u0159ipojit se k poji\u0161t\u011bn\u00ed odpov\u011bdnosti \u0159editele pro p\u0159\u00edpad nep\u0159edv\u00eddan\u00fdch ud\u00e1lost\u00ed.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vztah_k_stretu_zajmu\"><\/span>Vztah k st\u0159etu z\u00e1jm\u016f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Vyslan\u00fd \u0159editel je z\u00e1rove\u0148 z\u00e1stupcem VC a \u0159editelem startupu nebo podobn\u00e9 spole\u010dnosti. To m\u016f\u017ee v\u00e9st k situac\u00edm, kdy je nutn\u00e9 prov\u00e9st akce, kter\u00e9 jsou nezbytn\u00e9 pro p\u0159e\u017eit\u00ed spole\u010dnosti, ale mohou sn\u00ed\u017eit hodnotu akci\u00ed. V takov\u00fdch p\u0159\u00edpadech mus\u00ed vyslan\u00fd \u0159editel pe\u010dliv\u011b zv\u00e1\u017eit, jak\u00e9 kroky a prohl\u00e1\u0161en\u00ed jsou vhodn\u00e9.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Stihani_odpovednosti_reditelu_startupu_atd\"><\/span>St\u00edh\u00e1n\u00ed odpov\u011bdnosti \u0159editel\u016f startup\u016f atd.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Pokud VC nebo podobn\u00fd subjekt vys\u00edl\u00e1 z\u00e1stupce jako \u0159editele do startupu nebo podobn\u00e9 spole\u010dnosti a zapojuje ho do \u0159\u00edzen\u00ed spole\u010dnosti, pak pokud dojde k probl\u00e9mu, je fakticky uzn\u00e1na \u010d\u00e1st odpov\u011bdnosti na stran\u011b VC atd. To znamen\u00e1, \u017ee je fakticky obt\u00ed\u017en\u00e9 pro VC atd. st\u00edhat odpov\u011bdnost u startup\u016f atd. nebo u ostatn\u00edch \u0159editel\u016f startup\u016f atd.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tezkosti_s_rezignaci_na_post_reditele\"><\/span>T\u011b\u017ekosti s rezignac\u00ed na post \u0159editele<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Mohou nastat situace, kdy je vhodn\u00e9, aby vyslan\u00fd \u0159editel rezignoval, nap\u0159\u00edklad kdy\u017e dojde ke st\u0159etu z\u00e1jm\u016f nebo kdy\u017e se nezd\u00e1, \u017ee by bylo mo\u017en\u00e9 z\u00edskat zp\u011bt investice. Nicm\u00e9n\u011b, podle \u010dl\u00e1nku 346 odstavec 1 Japonsk\u00e9ho z\u00e1kona o obchodn\u00edch spole\u010dnostech (Companies Act), &#8220;Pokud dojde k nedostatku \u0159editel\u016f (v p\u0159\u00edpad\u011b spole\u010dnost\u00ed s auditn\u00edm v\u00fdborem, \u0159editel\u016f, kte\u0159\u00ed jsou \u010dleny auditn\u00edho v\u00fdboru, nebo jin\u00fdch \u0159editel\u016f nebo \u00fa\u010detn\u00edch poradc\u016f. Stejn\u00e9 se vztahuje i na tento \u010dl\u00e1nek.) v d\u016fsledku uplynut\u00ed funk\u010dn\u00edho obdob\u00ed nebo rezignace, \u0159editel, kter\u00fd rezignoval v d\u016fsledku uplynut\u00ed funk\u010dn\u00edho obdob\u00ed nebo rezignace, st\u00e1le m\u00e1 pr\u00e1va a povinnosti \u0159editele, dokud nenastoup\u00ed nov\u011b zvolen\u00fd \u0159editel (v\u010detn\u011b t\u011bch, kte\u0159\u00ed by m\u011bli vykon\u00e1vat funkce do\u010dasn\u00e9ho \u0159editele podle n\u00e1sleduj\u00edc\u00edho odstavce).&#8221;, pokud nen\u00ed zvolen nov\u00fd \u0159editel, m\u016f\u017ee nastat situace, kdy \u0159editel nem\u016f\u017ee fakticky rezignovat. Nav\u00edc, pokud n\u011bkolik VC atd. vys\u00edl\u00e1 \u0159editele, m\u016f\u017ee se st\u00e1t, \u017ee vztah mezi \u010dl\u00e1nkem 346 odstavec 1 Japonsk\u00e9ho z\u00e1kona o obchodn\u00edch spole\u010dnostech a po\u010dtem \u0159editel\u016f ur\u010duje, zda je mo\u017en\u00e9 rezignovat na z\u00e1klad\u011b toho, kdo je rychlej\u0161\u00ed.<\/p>\n\n\n\n<p>Proto, kdy\u017e VC atd. vys\u00edl\u00e1 \u0159editele, je nutn\u00e9 pe\u010dliv\u011b zv\u00e1\u017eit, zda vyslat \u0159editele, vzhledem k po\u010dtu \u0159editel\u016f startupu atd. a po\u010dtu \u0159editel\u016f vyslan\u00fdch ostatn\u00edmi VC atd.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Poskytovani_informaci_VC_atd_jako_akcionarum\"><\/span>Poskytov\u00e1n\u00ed informac\u00ed VC atd. jako akcion\u00e1\u0159\u016fm<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>I pro \u0159editele vyslan\u00e9ho z VC atd. plat\u00ed stejn\u00e1 povinnost p\u00e9\u010de \u0159\u00e1dn\u00e9ho hospod\u00e1\u0159e jako pro b\u011b\u017en\u00e9 \u0159editele. To znamen\u00e1, \u017ee pokud vyslan\u00fd \u0159editel bezmy\u0161lenkovit\u011b zve\u0159ej\u0148uje informace z\u00edskan\u00e9 jako \u0159editel VC atd., kter\u00fd je pouze akcion\u00e1\u0159em, m\u016f\u017ee to poru\u0161it povinnost p\u00e9\u010de \u0159\u00e1dn\u00e9ho hospod\u00e1\u0159e \u0159editele. Proto je d\u016fle\u017eit\u00e9, aby VC atd. p\u0159i stanoven\u00ed klauzule o vys\u00edl\u00e1n\u00ed \u0159editel\u016f v investi\u010dn\u00ed smlouv\u011b sou\u010dasn\u011b stanovil klauzuli, kter\u00e1 umo\u017e\u0148uje vyslan\u00e9mu \u0159editeli zve\u0159ejnit informace z\u00edskan\u00e9 jako \u0159editel VC atd.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shrnuti\"><\/span>Shrnut\u00ed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>V\u00fd\u0161e jsme vysv\u011btlili klauzuli o vys\u00edl\u00e1n\u00ed \u0159editel\u016f v investi\u010dn\u00edch smlouv\u00e1ch. Kdy\u017e se o klauzuli o vys\u00edl\u00e1n\u00ed \u0159editel\u016f p\u00ed\u0161e z hlediska startup\u016f a investor\u016f, m\u016f\u017ee se zd\u00e1t, \u017ee je to klauzule, kter\u00e9 je t\u0159eba v\u011bnovat velkou pozornost p\u0159i jej\u00edm stanoven\u00ed. Nicm\u00e9n\u011b, mezi venture kapit\u00e1lov\u00fdmi spole\u010dnostmi (VC) a podobn\u00fdmi organizacemi je mnoho zku\u0161en\u00fdch a schopn\u00fdch lid\u00ed. Startupy mohou vyu\u017e\u00edt t\u011bchto schopn\u00fdch lid\u00ed k r\u016fstu sv\u00e9 spole\u010dnosti, zat\u00edmco VC mohou vys\u00edlat sv\u00e9 lidi, aby podpo\u0159ily r\u016fst spole\u010dnosti a z\u00edskaly tak v\u011bt\u0161\u00ed n\u00e1vratnost. Toto je win-win vztah, kter\u00fd klauzule o vys\u00edl\u00e1n\u00ed \u0159editel\u016f p\u016fvodn\u011b c\u00edl\u00ed na vytvo\u0159en\u00ed. Aby bylo mo\u017en\u00e9 pln\u011b vyu\u017e\u00edt p\u016fvodn\u00ed \u00falohu klauzule o vys\u00edl\u00e1n\u00ed \u0159editel\u016f, je vhodn\u00e9 nechat smlouvu o investici vytvo\u0159it pr\u00e1vn\u00edkem nebo z\u00edskat pr\u00e1vn\u00ed radu.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mezi klauzule, kter\u00e9 mohou b\u00fdt stanoveny v investi\u010dn\u00ed smlouv\u011b, kdy\u017e dost\u00e1v\u00e1 startup investice od rizikov\u00e9ho kapit\u00e1lu (VC), pat\u0159\u00ed klauzule o vysl\u00e1n\u00ed \u010dlen\u016f dozor\u010d\u00ed rady. Mysl\u00edm, \u017ee m\u00e1te n\u011bjakou p\u0159edstav [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":62368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[24,27],"acf":[],"_links":{"self":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts\/60891"}],"collection":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/comments?post=60891"}],"version-history":[{"count":3,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts\/60891\/revisions"}],"predecessor-version":[{"id":62542,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts\/60891\/revisions\/62542"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/media\/62368"}],"wp:attachment":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/media?parent=60891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/categories?post=60891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/tags?post=60891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}