CFO Association of Serbia in cooperation with partner in the field of legal services Law office Tomic Sindjelic Groza held a regular monthly meeting on the topic “RESPONSIBILITY OF DIRECTORS IN SERBIA – LEGAL AND BUSINESS PRACTICE”.

Moderator of the discussion was Radmila Miletic, Financial Director of AVALA Studios, and the panel was attended by Lawyer Ljubica Tomic, a specialist in legal aspects of corporate governance, Lawyer Sasa Sindjelic and Lawyer Rajko Krejovic, Law Office TSG- Tomić, Sinđelić, Groza.

During the panel discussion, in addition to examples from business and jurisprudence from EU countries and Serbia, the speakers pointed out the burden of proof that the director acted conscientiously and with due care, and referred to the special duties of the director, as well as the prevention of damage.

Special attention was paid to the following topics:
• The duty to pay attention to the director’s actions: compensation for damages to the company and shareholders?
• Misdemeanor and criminal liability of the Director
• D & O insurance

We would like to thank the moderator and panel participants for their productive and primarily educational discussion, as well as for all participants in the meeting in a proactive debate.