Supervisory board

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Supervisory board

The board of directors that represents stakeholders in the governance of the corporation.
References in periodicals archive ?
the representation of the employees in the Aufsichtsrat, since it is a fundamental principle of the German Basic Law.
management board, which is responsible for managing the company, and the Aufsichtsrat, i.
Furthermore, the law strengthened the influence of the Aufsichtsrat over the management of the corporation.
The institution of the Aufsichtsrat was intended to look after the shareholders' interests and provide professional supervision of management on behalf of the shareholders.
In effect, the law of 1884 essentially increased the relative power of the Aufsichtsrat institution in the German corporation.
Of the four ways banks and companies could interact, however, placing bank directors or members of the bank's Aufsichtsrat on the boards of client corporations was the most effective way of collecting private information and even influencing managerial decisions in those corporations.
And, as explained in sections 3 and 4, Universal Banks, through the institution of the Aufsichtsrat, were able to acquire information on, monitor, and even become involved in the internal decision-making processes of their client firms.
As indicated in the main text, we classified companies as affiliated based on the Aufsichtsrat criterion.
This is not to say that the Aufsichtsrat are perfect by any means.
This would be an improvement on the German Aufsichtsrat, forming a three way economic "separation of powers," much like the tripartite balance of power delegated to the executive, legislative, and judicial branches of the U.
Free translation of: "'Say on pay' soli fur borsennotierte Aktiengesellschaften zu einem obligatorischen und fur den Aufsichtsrat verbindlichen Element ausgebaut werden," Press Release, Die Bundesregierung, Vernunft und Mass bei Managerbezahlung (May 8, 2013) (http://www.
See Arbeitskreis Unternehmerische Mitbestimmung [Working Group on Employee Participation], Entwurf einer Regelung zur Mitbestimmungsvereinbarung sowie zur Grosse des mitbestimmten Aufsichtsrats [Draft Rules for Participation and Agreement to the Size of the Codetermined Supervisory Board], 2009 ZIP, 885, 886-90; Theodor Baums, Reform der unternehmerischen Mitbestimmung in Deutschland [Reform of Codetermination in Germany], 2009 NEUE JURISTISCHE WOCHENSCHRIFT SPEZIAL [NJW SPEZIAL] 410.