Mediation Committee

A listed German stock corporation, which as a rule has more than 2,000 employees, is required to form a so-called mediation committee pursuant to Section 27 paragraph 3 of the German Co-determination Act. By shareholder resolution at the General Meeting on December 4, 2006, Fresenius AG was converted into a European company (Societas Europaea). The conversion became effective with its entry in the Commercial Register on July 13, 2007. A mediation committee has not been necessary for Fresenius SE since then because the German Co-determination Act does not apply to Fresenius SE, and the Corporate Governance Code does not require such a committee.

QUICKFINDER

External related links