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»The Discharge Resolution in German Stock Corporations - de lege lata/de lege ferenda«: This thesis addresses the question of whether the discharge resolution under German Stock Corporation Law fulfills its function as a controlling tool for shareholders and whether it requires reform. The author concludes that reform is necessary: a denial of discharge with real consequences attached - that is, an actual warning function - would be a more useful tool in the hands of shareholders. After five chapters, which are structured around the current legal situation and reform considerations, the author presents a concise reform proposal.
Peter Siemens studied law at the Johann Wolfgang Goethe-University in Frankfurt, Germany. While pursuing his doctorate, he worked at the newly-founded Corporate Governance Institute at the Frankfurt School of Finance and Management, under the supervision of Professor Julia Redenius-Hövermann, LL.M., who also supervised this thesis. Dr. Siemens has also worked at major international law firms in Frankfurt, Germany. He later pursued an LL.M. degree at Cornell University in Ithaca, NY. After graduating in 2022, he joined a major international law firm in New York, NY as a corporate associate.