Managing directors face the constant risk of personal liability for breaches of duty. However, it is almost impossible for anyone to fully grasp the sheer number of rights and obligations that a managing director has under legal regulations. Therefore, it is common and advisable to seek advice from specialists, such as lawyers, tax advisors, or financial experts.
In addition to their management duties, managing directors must convene and attend shareholder meetings and are subject to various information and disclosure obligations. Furthermore, they are exposed to certain liability risks (towards the company, third parties, social security institutions, etc.).
We advise managing directors on all aspects of company law and their personal duties and rights. Whether it's drafting or reviewing managing director contracts or minimizing liability risks, please contact us.