The Supervisory Board as a Representative of Investor Interests in the Start-up Sector

In the case of start-ups, the members of the super­vi­sory board of a stock corpo­ra­tion should largely assume the same func­tion as the members of an advi­sory board in a limi­ted liabi­lity company. Howe­ver, due to the signi­fi­cantly higher level of regu­la­tion in stock corpo­ra­tion law, their acti­vi­ties are subject to more exten­sive rest­ric­tions. Here, it is important to watch out for poten­tial, hidden conflicts of interest.