Data Protection, Compliance, and Liabilities − Why Directors Must Care

At a recent discussion on the pitfalls of investing in foreign markets, a US private equity manager voiced his biggest surprise: the personal liability that the director of a German company faces in Germany if he or she breaches their broad duties and obligations vis-à-vis the company. Indeed, this potential liability does exist and the fact that one is not actively involved in managing the company rarely provides a defence against claims. Weiterlesen