Corporate governance and compliance

The topic of good corporate governance and ensuring corporate compliance with laws, regulations, strategies and policies is key to business success.

Corporate governance and compliance in Germany

When doing business in Germany, it is important to be aware of the cultural approach to corporate governance and compliance. It is highly advisable to seek legal advice to ensure your company is structured and managed properly and can comply with German and EU laws and rules.

With a wealth of experience in assisting small, medium-sized and larger companies in adapting their businesses to meet the modern day needs of good governance and compliance, our expert team of German lawyers at WILDE BEUGER SOLEMCKE can help make your business a success. Contact us on +49 (0) 221 / 951 563 0 or use our contact form.

A. Corporate governance

 Corporate governance refers to the general and overall management and control of a company. It encompasses the division of responsibilities amongst various corporate organs and provides a structure to ensure a company achieves its commercial objectives while maintaining oversight and monitoring.

WILDE BEUGER SOLMECKE offers a range of services concerning internal corporate structure which can help businesses achieve their governance aims. These include:

  • Drafting and reviewing directors’ service contracts, managers contracts, supervisory board member contracts and employee contracts
  • Forming supervisory boards
  • Structuring employee participation/representation
  • Preparation of and advising on general meetings
  • Advising on increases and decreases in share capital
  • Advising on shareholders’ loans
  • Drafting waivers of priority
  • Advising on directors’ and officers’ liability

B. Compliance

Compliance is the term used to describe corporate observance of laws, regulations, standards, codes, strategies and policies.

A company that fails to observe the laws and regulations of the territory in which it has its offices may face civil and criminal sanctions, as well as damage to its reputation.

Companies must comply with a myriad of legislative provisions in a range of legal areas. These include: employment, privacy and data protection, environment, product liability, banking, competition, bribery, fraud and tax.

To ensure compliance with external legislation, many companies develop internal policies on subjects such as ethics, fraud and accepting gifts.

For assistance in developing strong governance structures for your business and to ensure your business guarantees compliance with external legislative provisions, contact us on +49 (0) 221 / 951 563 0 or use our contact form.

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Christian Solmecke is a partner at the law firm WILDE BEUGER SOLMECKE. He is the author of numerous legal publications in the area of internet and IT law. He is also an associate lecturer for social media law at the Cologne University of Applied Sciences.

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