Corporate law / Rights, duties of managing directors and board members

The rights and duties of managing directors and board members play a particularly important role in the area of several corporate entities, especially GmbHs and AGs. A managing director in a German corporate entity is comparable to a President or Chief Executive Officer in the United States. Managing directors and board members bear a high degree of responsibility. They make important decisions for the respective company and must always keep the company’s interests in mind. In this respect, the company’s representatives regularly incur liability risks. On the other hand, managing directors and board members also have rights that must be observed, such as information and co-determination rights, the right to appropriate remuneration, and the right to protection against unjustified dismissal.

It is therefore important to clarify the extent to which such action is necessary and required. Corporate law contains comprehensive and complex regulations on this topic. A managing director or board member should know their rights and obligations in order to avoid conflicts of interest. Our corporate lawyers are available to advise you comprehensively on questions in this area and support you in enforcing your rights in individual cases.