The presented degree thesis investigates the career histories of a board member from a legal point of view, starting from the appointment or employment to drafting the contract of employment right up to a possible termination of the management position accompanied by a premature contract termination. In this connection, I primarily wish to highlight the problems resulting from the dual legal relationship between the company and the board member with regard to the company. For, on the one hand, work is based upon an appointment in accordance with the Trustees Appointment Acts, but on the other hand, it is based upon an obligatory law contract signed on this occasion. The legal nature of this contract of employment has not been answered completely unanimously by the competent university professors yet, and the predominant opinion assumes free employment. This assumption must, however, still be examined in more detail, particularly in respect to a possible status of the board member similar to that of employees. This is necessary in order to evaluate the application of possible terms and conditions of employment. In this context, the board contract design has to be considered more closely since, owing to the not vulnerable positions of board members as free employees, labour law is hardly or not at all applicable. Due to the immense scope of contractual arrangements as a result of private autonomy I have, with courage in leaving gaps, only enlarged upon the most important contract regulations. Special problems arise from the dual nature of the relationship between the company and the board member even in the event of termination of membership of the board through the company through termination for serious reasons or through a withdrawal by the board member which, however, lets the board contract remain active despite this, which in turn may result in claims for damages.