Resumen de Social Purposes in German Corporate Law and Benefit Corporations in Germany
Social purposes and the interests of stakeholders are traditionally taken into account by German corporate law, in particular since codetermination for worker participants in supervisory councils has been introduced. Thus, this chapter describes how interests of stakeholders are considered leitmotiv in the business judgement rule in Germany. Moreover, the charter may contain clauses of nonprofit goals, making German corporate legal forms flexible to respect stakeholders’ interests. Finally, the new proposals for limited liability company in steward ownership are discussed briefly.
