Suchergebnisse für Verantwortlichkeit des Verwaltungsrates

Le droit des sociétés 2015 / Das Gesellschaftsrecht 2015

Dans la période écoulée, plus longue que d’habitude,¹ le Tribunal fédéral a rendu la première décision publiée en application de l’art. 678 al. 2 CO concernant la restitution des «…

Le droit bancaire privé suisse 2015 / Das schweizerische Bankprivatrecht 2015

Cette chronique paraît six mois après la précédente (RSDA 2015 386) et figurera désormais chaque année dans le 2^e cahier de notre Revue. On aurait pu espérer que cette livraison-ci s’en…

Konzernorganisationsrecht 2.0

The premise of this article is that the law of corporate groups is, in essence, business organisation law. The departure point is the observation that the function of the corporate group relates primarily to the overcoming of entrepreneurial problems that economic globalisation has brought, and continues to bring, forth. In order to do justice to this economic reality, the law must provide the…

Rechtsvergleichende Überlegungen zur Business Judgment Rule

The famous business judgment rule (BJR) that emerged in the US in the early nineteenth century, has been adopted in recent years, in one form or another, by several jurisdictions in Europe. This article provides a comparative analysis of the different models of the BJR and its basic elements and rationales in the US, Germany, Austria, Switzerland and Liechtenstein. The article outlines how the…

Ist die aktienrechtliche Verantwortlichkeit noch zeitgemäss?

An analysis of the board members’ and directors’ liability law shows that its present form has significant deficits: Confronting board members with a liability excee­ding their individual risk capacity causes risk adversity and a crowding out effect within the pool of potential board members. In the light of these functional deficits, it does not come as a surprise that the track record of…

Rechenschaft und Transparenz als zentraler Teil der Governance oder als Selbstzweck?

The title of the essay is: “Accountability and Transparency as a function of governance or a function which ends in themselves?” Without transparency good corporate governance is not possible, since only informed decisions are dutiful decisions. Both, the general assembly of shareholders and the board must make decisions which are only possible if transparency is given. For example, for most…

The squeaky wheel gets (all) the grease: Wie weit soll und darf der Verwaltungsrat auf aktive Aktionäre eingehen?

Over the course of this enquiry, we shall examine whether the squeaky wheel does actually get all the grease and what this means for the modern public company. Art. 717 of the Swiss Code of Obligations states that shareholders are to be treated equally under equal conditions. However, said equality is not to be understood in absolute terms but has to be reasonable and justifiable with regard to…

Rückerstattung von Leistungen nach Art. 678 OR

Under the existing law, restitution claims as set out in art. 678 of the Swiss Code of Obligations (CO) have been rarely invoked. Reasons for this are the strict requirements of art. 678 para. 2 CO and, more importantly, deficiencies in the procedural incentive structure. In the present article, controversial issues regarding the existing law are analysed and commented on, followed by a discussion…

Das Gesellschaftsrecht 2014/Le droit des sociétés 2014

Das hervorstechende Ereignis im Berichtsjahr ist die schnelle und umfassende Konsolidierung der business judgement rule in der bundesgerichtlichen Rechtsprechung zur Organverantwortlichkeit (I.1)…