Supervisory board members can now be held liable for ensuring
that their company's financial and management reports comply
with the requirements of Accounting Act.
The new rules apply to 2008 and subsequent reports. Previously,
this liability only applied to management board members.
Where reports do not fulfil the statutory requirements, both
management and supervisory board members may now be held liable for
any resulting loss suffered by the company.
Law: change to the Accounting Act
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