Premature Reappointment of Board Members of a Joint-Stock Company Is Possible
GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Dusseldorf, Essen, Frankfurt, Hamburg, Munich, Stuttgart, Hanover, Bremen, Nuremberg and London www.grprainer.com/en conclude: According to the court, a premature reappointment of a board member of a corporation for five years is permitted in case of an amicable resignation without special reasons. For this purpose, the supervisory board should not be bound by the provisions of the Stock Corporation Act (AktG). Furthermore, it is necessary to decide at least every five...
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