Should the management of a company give the supervisory board members and shareholders all of the information they request?
Timely, correct and complete information provision by the management to the supervisory board (SB) and the general meeting of shareholders (GMS) is essential for an effective and optimum functioning of these bodies. The withholding of information by the management can be indicative of unhealthy dynamics in the board room. Which information is the management obligated to provide to the SB and GMS? And may the SB and GMS at all times rely on the correctness and completeness of the information provided, or do the SB and GMS also have their own responsibility with regard hereto?
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