Corporate Governance in Germany

20 Pages Posted: 28 Aug 1999

See all articles by Theodor Baums

Theodor Baums

J.W. Goethe University, Frankfurt/Main; European Corporate Governance Institute (ECGI)

Anja Birkenkaemper

Universität Osnabrück - Department of Finance & Tax Law

Date Written: October 1998

Abstract

The paper describes the system and current developments of corporate governance in Germany. The two-tier-system, the co-determination regime and other control devices are explained shortly. The paper focuses then on the new legislation on corporate governance which entered into force on May 1, 1998. The "Act on Control and Transparency of Enterprises" (KonTraG) provides modest changes by aiming at the improvement of the work of supervisory boards, more transparency and the strengthening of the shareholders' position. The most important modifications are mentioned and discussed.

JEL Classification: G34, K22, G15

Suggested Citation

Baums, Theodor and Birkenkaemper, Anja, Corporate Governance in Germany (October 1998). Available at SSRN: https://ssrn.com/abstract=158038 or http://dx.doi.org/10.2139/ssrn.158038

Theodor Baums (Contact Author)

J.W. Goethe University, Frankfurt/Main ( email )

Senckenberganlage 31
60325 Frankfurt/M.
Germany
+49 (0) 69 798 22218 (Phone)
+49 (0) 69 798 227474 (Fax)

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

HOME PAGE: http://www.ecgi.org

Anja Birkenkaemper

Universität Osnabrück - Department of Finance & Tax Law ( email )

Katharinestrasse 15
Osnabrueck, D-49069
Germany
011-49 (541) 969-6191 (Phone)
011-49 (541) 969-4517 (Fax)

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