Managing Director

Definition

The legal representative of a GmbH who manages its business and represents the company in and out of court.

Detailed Explanation

The managing director of a GmbH is appointed by the shareholders and represents the company externally. They are subject to extensive duties, including the duty of care of a prudent businessperson pursuant to § 43 GmbHG. In case of breaches of duty, they are personally liable to the company.

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