Source: http://publishing-vak.ru/archive-2012/law-5-fabisch.htm
Timestamp: 2019-04-21 05:24:00+00:00

Document:
Архивные данные статьи Фабиш А.Р.
В данной статье рассматривается одна из форм корпораций- акционерное общество (Aktiengesellschaft), а именно один из ее трех органов управления – Наблюдательный совет, первостепенной обязанностью которого является наблюдение за управлением корпорации.
The article titled "The Supervisory Board of German Stock Corporations- Rights and Responsibilities" by Dr. A. R. Fabisch examines the main rights of the supervisory board, as one of the three mandatory corporate bodies of a German stock corporation (Aktiengesellschaft). The author outlines the system of liability in the German listed stock corporation, the benefits this form of corporation offers and the three mandatory legal bodies, i.e. the board of directors, the supervisory board and the general meeting. In the following the article emphasizes the rights and responsibilities of the supervisory board, which are (1) according to § 84 AktG the right to appoint and to terminate the management board members, a power that cannot be delegated to other bodies of the corporation, (2) the right to determine the remuneration of the board members, § 87 AktG- this provision has been amended in 2009 due to inflated salaries of the recent past, which are named to be concurrently causative for the economic crisis of the last years, (3) the legal power to supervise and consult the board members, § 111 AktG, a responsibility which can further be split into the main duties to compare the financial statements, to take part in policy decisions and to codetermine the corporation´s development, (4) the right to be informed, as the basis of supervision as well as decision-making, (5) the approval which has to be given by the supervisory board, for instance in the case of advance payments of balance sheet profits and the increase of the registered share capital, (6) the statutory duty to report its views regarding the financial statements to the general meeting and (7) the obligation to institute actions against members of the management board who are in breach of their duties.
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Ebke, W.F., Finkin, M.W.(1996), Introduction to German Law, Kluwer Law International, Netherlands, 508 p.
Habersack, M.(2008), Münchener Kommentar zum Aktiengesetz, Beck/Vahlen, München,? 111 AktG.
Hüffer, U. (2012), Aktiengesetz, Beck / Vahlen, München, 1100 s.
Immenga, U. (1977), "Zuständigkeiten des mitbestimmten Aufsichtsrats?", ZGR, Nu. 16, s. 249-289.
Karel Van Hulle, Gesell, H. (2006), European Corporate Law, Nomos, Baden-Baden, 390 p.
Kopff, N. (2003), Münchener Kommentar zum Aktiengesetz, Beck / Vahlen, München, ? 171 AktG.
Lutter, M., Krieger, G.(2009), Rechte und Pflichten des Aufsichtsrats, Dr. Otto Schmidt, Köln, 500 s.
Plessis, J.J.d., Großfeld, B., Luttermann, C., Saenger, I., Sandrock, O. (2007), German Corporate Governance in International and European Context, Springer, Wiesbaden, 276 p.
Reimann, M., Zekoll, J.(2005), Introduction to the German Law, Kluwer Law International, Netherlands, 466 p.
Robbers, G.(2006), An Introduction to German Law, Nomos, Baden-Baden, 409 p.
Schmidt, K. (2002), Gesellschaftsrecht, Carl Heymanns, Köln, 1964 s.
Spindler, G.(2008), Münchener Kommentar zum Aktiengesetz, Beck / Vahlen, München, § 93 AktG.
Wirth, G., Arnold, M., Morshäuser, R., Greene, M. (2010), Corporate Law in Germany, Beck / Vahlen, München, 582 s.
Baums, T. (1992), "Corporate Governance in Germany: The Role of the Banks", The American Journal of Comparative Law , No. 2(40), pp. 503-526.
Cahn, A., Donald, D. (2010), Comparative Company Law , Cambridge University Press, 956 p.
Ebke, W.F., Finkin, M.W. (1996), Introduction to German Law , Kluwer Law International, Netherlands, 508 p.
Habersack, M. (2008), Münchener Kommentar zum Aktiengesetz , Beck/Vahlen, München, § 111 AktG.
Hüfer, U. (2012 ), Aktiengesetz , Beck/Vahlen, Müchen, 1100 s.
Immenga, U. (1977), "Zustädigkeiten des mitbestimmten Aufsichtsrats?", ZGR , Nu. 16, s. 249-289.
Karel Van Hulle, Gesell, H. (2006), European Corporate Law , Nomos, Baden-Baden, 390 p.
Kopff, N. (2003), Münchener Kommentar zum Aktiengesetz , Beck/Vahlen, Müchen, § 171 AktG.
Lutter, M., Krieger, G. (2009), Rechte und Pflichten des Aufsichtsrats , Dr. Otto Schmidt, Kön, 500 s.
Plessis, J.J.d., Großeld, B., Luttermann, C., Saenger, I., Sandrock, O. (2007), German Corporate Governance in International and European Context , Springer, Wiesbaden, 276 p.
Reimann, M., Zekoll, J. (2005), Introduction to the German Law , Kluwer Law International, Netherlands, 466 p.
Robbers, G. (2006), An Introduction to German Law , Nomos, Baden-Baden, 409 p.
Schmidt, K. (2002), Gesellschaftsrecht , Carl Heymanns, Kön, 1964 s.
Spindler, G. (2008), Münchener Kommentar zum Aktiengesetz , Beck/Vahlen, Müchen, § 93 AktG.
Wirth, G., Arnold, M., Morshäser, R., Greene, M. (2010), Corporate Law in Germany , Beck/Vahlen, Müchen, 582 s.

References: § 84
 § 87
 § 111
 § 93
 § 111
 § 171
 § 93