We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
RELATED PARTIES TRANSACTIONS AND A BRIEF REVIEW ON THE LEGAL REGULATION OF THIS INSTITUTE IN EU.
- Authors
ANDONOV, Marko; MAJOVSKI, Irina
- Abstract
The experiences show that there is a broad diapason of techniques and procedures being used in order to identify the possible existence of related parties transactions (RPT). The parties are considered to be related if one of them has control over the other or, it exerts significant influence over the other party in the process of making financial and other operational decisions. However, we can not say that there is a simple definition that in itself contains elements that will enable identification of all related parties transactions. The transactions that involve the majority stockholders or their close family members directly or indirectly are potentially the most difficult kinds of identifiable transactions. There can be a certain degree of suspicion in the efficiency of the regulatory strategies, because we should not underestimate the ability of the managers and other participants to respond to the regulatory strategies aimed to stop their activities. The essence is that the legislators, should be encouraged to review and introduce another mechanisms aside from the provisions of the company laws and regulation from the field of the securities market.
- Subjects
CORPORATION law; FINANCIAL markets; SOCIAL influence; STOCKBROKERS; EUROPEAN Union
- Publication
Economic Development / Ekonomiski Razvoj, 2013, Issue 3, p167
- ISSN
1409-7893
- Publication type
Article