Beschreibung
The statutory principle of the division of power in a stock corporation assigns the task of management to the executive board and limits the stockholders to monitoring management by means of supervisory rights. In a series of decisions, the German Federal Court of Justice (BGH) awarded the stockholders'' general assembly joint decision-making power in matters concerning benefits. By means of an economic-based approach, this work seeks to explain if and to what extent the concept of joint decision-making power lives up to its promise of being necessary and superior to supervisory rights.
Autorenportrait
Thomas Krautz, Humboldt-Universität zu Berlin.
