Corporate Governance in Germany

Abstract

I shall focus, and dwell most extensively, on the role of the management board and the supervisory board in large German companies, and their agency link with shareholders. This discussion will, however, be imbedded in a broader view of corporate governance generally in Germany. This will allow us to highlight some of the tensions inherent in the German model and to outline constraints for, and the potential of, some evolutionary trends.

JEL Classification: G34