What does vorstand mean?

Definitions for vorstand
vor·stand

Here are all the possible meanings and translations of the word vorstand.

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  1. Vorstand

    In German corporate governance, a Vorstand is the management board of a corporation. It is hierarchically subordinate to the Aufsichtsrat, as German corporate law imposes a two-tier board system. German law confers power on the Vorstand as an organ. It is expected to act collectively and collegiately. In contrast to a board of directors in a United States or United Kingdom company, the Vorstand is not an adjunct to a Chief Executive Officer. In contrast to Japanese corporate governance, the Vorstand has a real decision-making power. It is, by law, the driving management of a company, and may not be instructed by any person or entity to act in a way that is injurious to the business. The members of the Vorstand are personally liable for accepting any such instructions. The specific scope of duties of a Vorstand varies from business to business. The head of the Vorstand, and the role of that office, is determined by the Aufsichtsrat. German law permits, but does not require, members of the Vorstand to elect a chairman from amongst their number. There are no specific legal requirements for the role of chairman, or even for the name of the office of chairman, although in practice the most common title is Sprecher with the implication that the chairman is no more than primus inter pares.

How to pronounce vorstand?

  1. Alex
    Alex
    US English
    Daniel
    Daniel
    British
    Karen
    Karen
    Australian
    Veena
    Veena
    Indian

How to say vorstand in sign language?

  1. vorstand

Numerology

  1. Chaldean Numerology

    The numerical value of vorstand in Chaldean Numerology is: 5

  2. Pythagorean Numerology

    The numerical value of vorstand in Pythagorean Numerology is: 5

Images & Illustrations of vorstand

  1. vorstandvorstandvorstandvorstandvorstand

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Translations for vorstand

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