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ARTICLE · 16 JANUARY 2019

Corporate Compliance, Executive Liability And D&O Insurance In Germany

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GermanyInsurance
Dr. Ulrike Binder
Dr. Ulrike Binder
Jan Kraayvanger
Jan Kraayvanger
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Corporate Compliance

The German Corporate Governance Code presents essential regulations for the management and supervision of German listed companies. It contains, in the form of recommendations and suggestions, standards for good and responsible Corporate Governance. With regard to Corporate Compliance, in Section 4.1.3 the Code stipulates: "The management board ensures that all provisions of law and the company's internal policies are complied with, and endeavours to achieve their compliance by the group entities (compliance). It shall also institute appropriate measures reflecting the company's risk situation and disclose the main features of those measures. Employees shall be given the opportunity to report, in a protected manner, suspected breaches of the law within the company, third parties should also be given this opportunity."

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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