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- Withdrawal of confidence by the general meeting, unless the confidence was withdrawn for obviously improper reasons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.
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