What are the responsibilities of executives in Serbia?

The responsibility of executives for the job they do has been on the rise in the last few decades. For not knowing their obligations and for performing their duties irresponsibly, they face the law, and the list of possible violations is constantly growing.

In the most general sense, executives are to perform all their duties conscientiously, with the attention of a good businessman and a reasonable belief that they act in the best interest of their business. The responsibilities of executives concern the overall operations of a business, ranging from status issues and the way in which the managed company operates, the manner the company is being represented and ran, employment contracts and the employer`s obligations they stipulate, layoffs, the safety and health of employees, to general obligations in the field of accounting, consolidated annual reports, their audits, etc.

New duties are introduced nearly every day, and their meaning is yet to be made clear, so in the circumstances when laws are changing frequently, it is particularly difficult to determine all the things the executives are responsible for.

In cooperation with Advokatska kancelarija TSG - Tomic Sindjelic Groza, eKapija brings you a brief legal framework for the responsibilities of executives in Serbia, updated in line with applicable regulations.

You can download it below: