Minimum annual corporate obligations and liability of statutory representatives and board members

Who are the intended participants?

• Statutory representatives of limited liability companies, board members of joint-stock companies.
• Members of a company’s top management
• Company lawyers, corporate secretaries, managers dealing with corporate governance issues.
• Others involved in the preparation of corporate documentation and operations.

Programme

• Delineation of the role of a member of a company’s statutory body and the meaning of due managerial care.
• Rights and obligations of a member of a company’s statutory body towards other bodies of the company.
• Legal year-end procedures connected with accounting, approval of financial statements, distribution of profit (interim dividends)/loss compensation.
• Preparation of basic legal documentation and hand-outs for the general meeting.
• Report on relations – its necessity and required features.
• Updating a company’s information in the Commercial Register – when to add what to the Collection of Documents.
• Liability for a company’s debts.
• Negative economic results, bankruptcy, insolvency (including the possible exclusion from all functions).
• Consequences of the violation of legal obligations.

Benefits

During the course, you will:

• Learn about the role and the responsibility of statutory representatives and members of statutory bodies from a legal viewpoint.
• Gain a comprehensive overview over annual corporate responsibilities and tasks.
• Review basic corporate documents and their deadlines for preparation.
• Learn about possible plans of action in case of positive/negative economic results.