The liability of executive board members (Vorstandsmitglieder) of German corporations (Aktiengesellschaft) has recently become a centre of attention in corporate law; there has also been a significant increase in the number of liability cases. The author examines selected aspects of directors' liability from both a legal and economic perspective. First, the requirements of sec. 93 of the German Stock Corporation Act (Aktiengesetz) as well as the economic...
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Law