Dismissal of a member of the Executive Board of a stock corporation

The Supervisory Board may revoke the appointment of a member of the Executive Board and the appointment to Chairperson of the Executive Board if there is a good cause.

Good causes are in particular:

  • Gross breach of duty
  • Inability to manage the business properly
  • Withdrawal of confidence by the general meeting, unless the confidence was withdrawn for obviously improper reasons

The dismissal shall be effective until a legally binding decision has been made that it is invalid. Claims arising from the employment contract shall not be affected thereby.

Legal basis

Section 75 paragraph 4 Aktiengesetz (AktG)

Translated by the Federal Ministry of Justice
Last update: 1 January 2022

Responsible for the content: Federal Ministry of Justice