Beteiligungsbezogene Publizität

The book designs a new type of holdings-related disclosure in order to compensate for the functions of behavior control and the guarantee of correctness of the formation of collective wills associated with the proportionality of voting power and economic risk (capital principle) for the listed stock corporation.
On the occasion of the Empty Voting phenomenon, it is shown that the traditional, rigid capital principle has become dysfunctional in the changed reality and dogmatics of the listed AG. The restoration of functions required by the principle of sovereignty of associations and of share ownership is effected by the holdings-related disclosure: as a flexible company- and market-convergent instrument, it guarantees behavioral control and confidence in the system and the correctness of will and market price formation. As investor disclosure-regime, its origin lies in the membership with the corporation, it is reflexive law and principle-based regulation.