RESERVED OWN SHARE AND FINANCIAL INSTRUMENT – SHARE PURCHASE RIGHT: MECHANISMS FOR THE REALIZATION OF THE ESOP IN THE REPUBLIC OF SERBIA

Milena Momčilov

Ana Knežević Bojović

Abstract

The possibility of introducing employees into ownership of the employer in the Republic of Serbia was significantly limited by 2020. Amendments to the Company Act introduced the possibility of including employees into the ownership of a limited liability company. The subject of this paper is the analysis of the newly introduced legal institutes: reserved own share and financial instrument – share purchase right. These are institutes introduced with the idea of involving employees in the ownership of the employer. By analyzing the aforementioned institutes, authors seek to notice the positive and negative sides of the relatively new regulations, and suggest de lege ferenda corrections, in order to enable unhindered functioning of the ESOP arrangement.

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