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Corporate Governance in Germany: the move to shareholder value (2001)

Schilling, Florian

Oxford, UK and Boston, USA : Blackwell Publishers Ltd

Corporate governance 9 (2001), S. 0

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ISSN: 1467-8683

Source: Blackwell Publishing Journal Backfiles 1879-2005

Topics: Political Science , Economics

Notes: The paper offers an inside view of the German corporate governance model, based on interviews with over 100 members of supervisory- (Aufsichtsrat) and executive-boards (Vorstand) of major German corporations. The traditional supervisory board with its large size of 20 members, one half elected by the employees, reflects the strong consensus orientation of the German corporate world. This system worked well in times of long innovation cycles and largely separate, national capital markets. It is coming under increasing pressure to adapt to the demands of a fast changing globalised capital market.Keywords: Corporate governance in Germany, supervisory board, codetermination, board composition, professionalisation of boards

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1111/1467-8683.00242

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