Abstract
For more than 100 years, West German corporation law has required a supervisory board as a necessary body in a stock corporation. Nevertheless, there are a number of problems in connection with the composition of the supervisory board and with the conduct of its members, which have aroused interest only during the past few years. This is due not least to the introduction in 1976 of workers’ codetermination in the supervisory boards of large corporations; this development has clearly animated interest in the supervisory board as a body as well as in the rights and responsibilities of its members. This review presents three topical groups of questions to show how possible solutions can be reached which adequately take into consideration the efficacy of the supervisory board as well as the commitment of its members to the interests of the stock corporation.
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