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New Legislation Concerning "Reasonable" Management Remuneration for German Stock Corporations -- August 2009
by Anjela Keiluweit
Fried, Frank, Harris, Shriver & Jacobson LLP - Frankfurt am Main Office
Jürgen van Kann
Fried, Frank, Harris, Shriver & Jacobson LLP - Frankfurt am Main Office
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November 25, 2009
Previously published on November 19, 2009
New legislation regarding "reasonable management remuneration in stock corporations" came into effect in August 2009. It includes significant changes to the granting of bonuses, D&O insurance coverage and the prerequisites for reducing contractually agreed remuneration -- nota bene including pension entitlements. In the following note, we outline the main issues introduced by the new legislation.
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