Corporate Governance in Germany
20 Pages Posted: 28 Aug 1999
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: Suggested Citation
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