Corporate governance in Germany

Rüdiger von Rosen (Deutsches Aktieninstitut, Frankfurt, Germany)

Journal of Financial Regulation and Compliance

ISSN: 1358-1988

Publication date: 27 February 2007

Abstract

Purpose

The purpose of this paper is to provide an outline of German corporate governance.

Design/methodology/approach

The history of the German Corporate Governance Code is highlighted. Then a short overview of the acceptance of the code by companies in practice is given which is based on an empirical survey. This is followed by the most recent changes as well as an overview of the developments of corporate governance in Europe. Finally, a summary of the current discussion of codetermination in terms of company management in Germany is provided.

Findings

This appraisal, accompanied by a high degree of approval of the code, shows that, on the one hand, its stipulations partly break with tradition and, on the other hand, have undergone frequent changes: in a period of four years, already four amendments have been made.

Originality/value

The paper offers insight into issues of corporate governance in Germany.

Keywords

Citation

von Rosen, R. (2007), "Corporate governance in Germany", Journal of Financial Regulation and Compliance, Vol. 15 No. 1, pp. 30-41. https://doi.org/10.1108/13581980710726778

Publisher

:

Emerald Group Publishing Limited

Copyright © 2007, Emerald Group Publishing Limited

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