»Causation and Damage in the Context of Corporate Officers Liability. An Examination Based on the Internal Liability of the Management Board under Stock Corporation Law«: The fact that directors' and officers' liability has evolved from a »paper tiger« to a real steering instrument can be observed since the 1990s. Issues of causation and damage are inextricably linked to directors' and officers' liability as fundamental elements of the tort. The author presents the basics of directors' and officers' liability, examines the groups of directors' and officers' liability cases in terms of causation and damages, and relates them to recent case law.