»The Group Interest as a Governance Option in the Pan-European Corporate Group«: Even holding a majority stake in another company can lead to liability risks for misconduct by the subsidiary at national and European level. However, the possibilities for intervention and management are limited. This paper examines individual legal systems regarding their treatment of the company group and elaborates on points requiring regulation. On this basis, a regulatory proposal is made that can bring the risks back into line with the possibilities of the group.