Document background
A Management Proposal is a crucial corporate governance document used in Austrian business practice when proposing new management appointments or significant changes to existing management positions. It serves as a comprehensive decision-making tool for boards and relevant stakeholders, combining business rationale with legal compliance requirements under Austrian law. The document is typically required for senior executive appointments, management board changes, or significant modifications to management structures. Management Proposals must align with Austrian corporate law requirements, particularly the UGB, AktG, and GmbHG, while addressing practical business needs and corporate governance standards. The document includes detailed candidate assessment, terms of appointment, financial implications, and strategic considerations, serving as the foundation for formal approval processes.
