AG
|
Legal Entities of the World™
A spotter’s guide to corporate wildlife
|
AG
/ˈaktsi̯ənɡəˌzɛlʃaft]/ or /ɑː ɡeɪ/ (n.)
The colloquial name for an “Aktien Gesellschaft” , being a “stock corporation” — in other words, a limited liability company in Germany and like-minded countries, like Austria and Switzerland. In the argot of ISDA netting categories, a corporation.
An AG is different to the similar “Gesellschaft mit beschränkter Haftung” (GmbH) in that shareholders can stick their beaks in uninvited and tell the board of a GmbH what to do. They cannot, unless invited by the board to do so, for an AG.