Supervisory Board Members – Statutes, Resolutions, Agreements

Author: Korts, Petra
ISBN-No: 3-8005-4219-6
Publisher: Recht & Wirtschaft Heidelberg; www.ruw.de
Edition/Year: 1st Edition, 2004

Abstract:
Supervisory Board Members - Statutes, Resolutions, Agreements With her publication, lawyer Mrs Petra Korts deals with a subject, which as a result of the specification of duties and the increase in liability through the law, mainly however via the jurisdiction of the state courts, Higher Regional Court and the Federal Court of Justice of Germany enjoys particular controversy. The work of supervisory boards in Germany has become more complex and subject to more liability. Claim approval procedures, nominating committee and compliance are, among other things, key words, which each supervisory board must currently deal with.

The revised edition of the current work also deals once again with the problems of the remuneration of supervisory board members with regard to the German Corporate Governance rules as well as the impact of the US-American Sarbanes Oxley Act regarding the duties and responsibilities of German supervisory boards and their safeguarding via a Directors' and Officers' Liability Insurance. The detailed commentary of the included sample proposals for statutory provisions, AGM rulings and contractual wording, give an orientation for the implementation and observation of the respective German and international legal improvements.