Jako

Jako AG is a German sportswear company based in the Hollenbach district of Mulfingen, Baden-Wurttemberg. The company was founded by Rudi Sprugel and his brother in 1989 in Stachenhausen. Jako now provides kits for major association football, handball, basketball, and ice hockey teams, among other sports, internationally. Jako is the official kit provider for the following football teams in Europe and Asia. However, the company provides kits for clubs worldwide Aktiengesellschaft (German pronunciation: [?aktsi?nz?l?aft]; abbreviated AG) is a German word for a corporation that is limited by shares, i.e., owned by shareholders, and may be traded on a stock market. The term is used in Germany, Austria, and Switzerland. It is also used occasionally in Luxembourg (though the French-language equivalent, Societe Anonyme, is more common) and for companies incorporated in the German-speaking region of Belgium. Meaning of the word The German word Aktiengesellschaft is a compound noun made up of two elements: Aktien meaning shares, and Gesellschaft meaning society, or, in this context, company. Other types of German companies also have shares, although these shares are called Anteile rather than Aktien. A similar dist

nction exists in other languages; for example, in Polish the two types of share are called akcja and udzial, or in Spanish, accion and cuota. [edit]Legal basis In Germany and Austria, the legal basis of the AG is the German Aktiengesetz (abbr. AktG) or the Austrian Aktiengesetz (abbr. AktG). In Switzerland, it is contained within the Obligationenrecht (OR). The law[where?] requires all corporations to specify their legal form in their name which tells the public their limitation of liability, all German (required by § 4 Aktiengesetz) and Austrian stock corporations include Aktiengesellschaft or AG as part of their name, frequently as a suffix. [edit]Structure German AGs have a "two-tiered board" structure consisting of a supervisory board (Aufsichtsrat) and a management board (Vorstand). The supervisory board is generally controlled by shareholders, although employees may have seats depending on the size of the company. The management board directly runs the company, but its members may be removed by the supervisory board, which also determines the management board's compensation. Some German AGs have management boards which determine their own remuneration, but that situation is now relatively uncommon.