The office of managing director in a German company is highly coveted due to its prestige, but it is also associated with a great deal of responsibility. Wrong decisions and hesitant or hasty actions entail considerable risks for the company and its employees. Logically, the managing director bears a high degree of accountability. Therefore, anyone seeking such a position in Germany should have a precise overview of the scope of obligations that arise to avoid unnecessary pitfalls and minimise liability risks.
Have you been offered the position of managing director of a company in Germany, or do you intend to terminate such an employment relationship and need clarification on meeting all the legal and contractual requirements under German law? Whether your concern is drafting your management contract, liability issues, or any other matter relevant to German corporate law, our German corporate law team at Schlun & Elseven Rechtsanwälte will be happy to assist you with their expertise built on extensive experience. They will be glad to show you how to effectively use existing leeway and minimise liability risks when taking on the role of managing director in Germany.