Geschäftsführern

Geschäftsführer is a German term that translates to managing director or chief executive officer. It refers to the individual legally responsible for the management and representation of a company in Germany. The specific rights and obligations of a Geschäftsführer are primarily determined by the legal form of the company, such as a GmbH (Gesellschaft mit beschränkter Haftung, limited liability company) or an AG (Aktiengesellschaft, stock corporation).

In a GmbH, the Geschäftsführer is appointed by the shareholders and is responsible for the day-to-day operations of the business, including financial management, personnel, and contractual agreements. They act as the primary representative of the company in dealings with third parties. The Geschäftsführer has a duty of care to the company and can be held personally liable for damages incurred due to breaches of their duties.

For an AG, the management structure is typically more complex, with a Vorstand (executive board) responsible for management and a Aufsichtsrat (supervisory board) overseeing the Vorstand. While the term Geschäftsführer is less commonly used in direct reference to the Vorstand in an AG, the individuals within the Vorstand hold similar responsibilities for the company's management and representation. The specific legal framework surrounding the Geschäftsführer role emphasizes accountability and diligent management of the company's affairs.