AktGAktiengesetz (German law on stock corporations)
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(176) See AKTG, supra note 116, [section] 76(1) (assigning the managing board the task of managing the corporation); id.
(72) The AktG and securities acts, such as the Securities Trading Act [WpHG] (73) and the Securities Acquisition and Takeover Act [WpUG], (74) are included.
(281) Particularly, the prohibition of multiple voting rights--based on AktG section 12, paragraph 2, (282) which also applies to the German SE283--and the possibility of an unconstitutional (284) majority of employee representatives (285) are cited as arguments against cumulative voting.