Third Participation Act
In companies with more than 500 employees, the co-determination regulations of the One-Third Participation Act of May 18, 2004 (previously regulated in the Works Constitution Act 1952 ) apply .
| Basic data | |
|---|---|
| Title: | Law on employee participation on the supervisory board |
| Short title: | Third Participation Act |
| Abbreviation: | Third Federal Law |
| Type: | Federal law |
| Scope: | Federal Republic of Germany |
| Legal matter: | Employment Law |
| References : | 801-14 |
| Issued on: | May 18, 2004 ( BGBl. I p. 974 ) |
| Entry into force on: | July 1, 2004 |
| Last change by: |
Art. 8 G of April 24, 2015 ( Federal Law Gazette I p. 642, 658 ) |
| Effective date of the last change: |
May 1, 2015 (Art. 24 G of April 24, 2015) |
| GESTA : | I009 |
| Please note the note on the applicable legal version. | |
The supervisory boards of companies within the scope of the One-Third Participation Act are made up of one-third by the workforce and two-thirds by the company's shareholders.
The law applies to joint-stock companies , limited partnerships , limited liability companies , mutual insurance associations and cooperatives , provided that these companies typically employ more than 500 to 2000 employees. This law also applies to stock corporations with fewer than 500 employees if they were founded before August 10, 1994 and are not family companies (cf. § 1, N.1 Third Party Act).
