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German co-determination and corporate governance (Paperback)
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German co-determination and corporate governance (Paperback)
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Seminar paper from the year 2008 in the subject Law -
Miscellaneous, grade: B+, The University of Hong Kong (Faculty of
Law), course: Corporate Governance and Shareholder Remedies,
language: English, abstract: In Germany, 'co-determination' has a
long tradition. Beginning in the late 19th century, the German
co-determination system has been developed over more than 100 years
to become one of the most dominant co-determination systems in the
world. Employees' co-determination in Germany becomes visible in
two different forms: employees' participation in 'works councils'
('Betriebsrat') at establishment level ('betriebliche
Mitbestimmung') and labour (employees and trade union
representatives) participation in 'supervisory boards' on board
level ('Unternehmensmitbestimmung'). German corporate law
distinguishes between the 'management board' ('Vorstand/
Geschaftsfuhrung') and the 'supervisory board' ('Aufsichtsrat')
('two-tier boards system' as opposed to the Anglo-American
'one-tier system'). Co-determination on board level refers to the
representation of employees on the supervisory board. Depending on
the industry, the corporation is operating in and the size of
labour force, the supervisory board composes of one third ('third
part participation') to half ('parity participation') of employees'
representatives. 'Corporate governance', the regulations for legal
and actual distribution of management and supervision tasks between
the supervisory board, the management board and the shareholders
has lead in many countries to the development of codes since the
1990s. Germany also has drawn up a corporate governance code
meanwhile - the 'German Corporate Governance Code'. The code builds
together with the 'Stock Corporation Act' and the different
co-determination acts the legal framework for corporate governance
principles in Germany. It aims to make Germany's corporate
governance rules transparent for both national and international
investors, thus strengthening confi
General
Imprint: |
Grin Verlag
|
Country of origin: |
Germany |
Release date: |
July 2009 |
First published: |
October 2013 |
Authors: |
Marc Oliver Cleiss
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Dimensions: |
210 x 148 x 3mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
56 |
ISBN-13: |
978-3-640-37053-5 |
Categories: |
Books >
Law >
Jurisprudence & general issues >
General
|
LSN: |
3-640-37053-8 |
Barcode: |
9783640370535 |
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