Chairman of the board strictly speaking one calls the chairman of the executive committee of a corporation in the economic life.

After German law governing share transactions a corporation must have an executive committee, not however a chairman of the board. The law plans rather the common management ("§ 77 AktG) and agency ("§ 78 AktG) of the society by all members of the board. The position of the chairman of the board does not know the German law governing share transactions.

Nevertheless it is permissible that a corporation has a chairman of the board or an executive committee speaker, which does not change anything however in the total responsibility of the executive committee for the management. Regulations for this are in the statute of the corporation. Nearly all German corporations plan a chairman of the board in their statute, sometimes - particularly with banks - also an executive committee speaker.

The difference between executive committee-presiding and executive committee speaker is that the speaker from the center of its executive committee colleagues is selected out, this function however no special rights granted. The chairman however is selected by the supervisory board, its (possible) special rights opposite other members of the board is limited however to it that with board resolutions its voice can decide with being correct equality and it can change the agenda of the board meetings, in particular items on the agenda first to set off, which for the case is interesting that he fears one in its sense not failing tuning and hopes to be able to convince before a renewed concerning further colleagues of his view.

In the angloamerikanischen right the chairman of the board is comparable to the Chief Executive Officer (CEO).

In the French economy the position of the Directeur (PDG) corresponds to that.

Partially also the chairmen of other executive committees, approximately by associations, are called chairmen of the board.

Executive committee purchases in Germany

Among the Bestverdienern in Germany the company heads of the 30 DAX enterprises rank. These are obligated starting from the financial year 2007 to the disclosure of the executive committee purchases. 22 companies did this already 2005. Top earner 2005 was the chief executive of the German bank, Josef field man: It referred a of 11,9 million euro. Because of second place RWE boss Harry Roels with 6,78 millions euro was, followed from DaimlerChrysler executive committee Dieter Zet with 6,55 millions euro. To few earned Wolfgang Mayrhuber of Lufthansa: 1,37 million euro.

The aforementioned purchases are calculated by (often relatively small) the and efficiency bonuses dependant on yield. In addition come share options, whose value can exceed the regular purchases around a repeated.

The financial remuneration of German company heads in the international comparison is considered nevertheless as low.

Articles in category "Chairman of the board"

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