How The Employee Codetermination System In Germany Functions
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How The Employee Codetermination System In Germany Functions
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Author : Franz Bertsch
language : en
Publisher:
Release Date : 2001
How The Employee Codetermination System In Germany Functions written by Franz Bertsch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Management categories.
German Co Determination And Corporate Governance
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Author : Marc Oliver Cleiss
language : en
Publisher: GRIN Verlag
Release Date : 2009-07
German Co Determination And Corporate Governance written by Marc Oliver Cleiss and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-07 with Law categories.
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/ Geschäftsführung') 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
How The Employee Codetermination System In Germany Functions
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Author : Franz Bertsch
language : en
Publisher:
Release Date : 2001
How The Employee Codetermination System In Germany Functions written by Franz Bertsch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Management categories.
Co Determination In Germany
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Author : Rebecca Page
language : en
Publisher:
Release Date : 2001
Co Determination In Germany written by Rebecca Page and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Employee empowerment categories.
German Corporate Governance In International And European Context
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Author : Jean J. du Plessis
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-01-14
German Corporate Governance In International And European Context written by Jean J. du Plessis and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-14 with Law categories.
Corporate governance encompasses the free enterprise system, which is treated comprehensively in this book from a German perspective. This distinguishes the book from other books written in English in this subject area, not only because of the comprehensive way it covers German corporate law and corporate governance, but also because of the fact that it provides international and European perspectives on these important topics. This second edition is an extensively revised and updated version of the first edition, in particular with a view to the worldwide debt crisis. The authors provide readers with an overview of the unique features of German business and enterprise law and an in-depth analysis of the organs of governance of German public limited companies (general meeting, management board, supervisory board). In addition, approaches for reforms required at the international level are also suggested and discussed, including, among others, the unique interplay and dynamics of the German two-tier board model with the system of codetermination, referring to the arrangement of employees sitting on the supervisory boards of German public limited companies and private companies employing more than 500 employees; also covered are significant recent legal developments in Europe. The book highlights the core function of valuation and financial reporting at the international, European and German levels, with accounting as the documentary proof of good corporate governance. It also expands the scope of the first edition by a treatment of the German financial sector, global corporate finance and governance, and by including a new chapter on compliance of corporate governance laws, rules and standards in Germany. As far as comparative law is concerned, new developments in the area of corporate governance in the EU, the OECD Principles of Corporate Governance and corporate governance in the US, the UK and Australia are covered. The book is addressed to researchers, practitioners and basically anyone with an interest in the complex, but intriguing areas of corporate law and corporate governance.
Class Struggle Inside The Firm
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Author : Gary Gorton
language : en
Publisher:
Release Date : 2000
Class Struggle Inside The Firm written by Gary Gorton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Corporate governance categories.
Who should control the firm? What should be the firm's objective function? If contracts are incomplete, then the group of input providers that most needs their interests protected should be allocated control rights to the firm. Existing theories argue that the suppliers of capital are most in need of protection. We empirically assess this answer by examining the German system of codetermination, ' a governance system under which employees are allocated some control rights over corporate assets by law. Codetermination laws require that employees be represented on the (supervisory) board of directors. If codetermination sufficiently empowers employees, and if stockholders' rights cannot be contractually protected, then employees may redistribute the firm's surplus towards themselves. In addition, if employee interests are not contractually protected, then employees' may prefer a different objective function for the firm. For example, employees may hamper capitalist flexibility by resisting restructuring of the firm if that would jeopardize their human capital. We examine this with particular reference to the unification of East Germany and West Germany, a shock that may have caused employees in the former West to resist restructuring; the more so in codetermined firms. We also examine whether shareholders respond to codetermination with more concentrated block holdings, perhaps increasing their bargaining power with employees, or with higher leverage, committing more cash to leave the firm. Finally, we examine the relationship between codetermination and the performance sensitivity of compensation for board members
Class Struggle Inside The Firm
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Author : Gary B. Gorton
language : en
Publisher:
Release Date : 2010
Class Struggle Inside The Firm written by Gary B. Gorton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Who should control the firm? What should be the firm's objective function? If contracts are incomplete, then the group of input providers that most needs their interests protected should be allocated control rights to the firm. Existing theories argue that the suppliers of capital are most in need of protection. We empirically assess this answer by examining the German system of codetermination,' a governance system under which employees are allocated some control rights over corporate assets by law. Codetermination laws require that employees be represented on the (supervisory) board of directors. If codetermination sufficiently empowers employees, and if stockholders' rights cannot be contractually protected, then employees may redistribute the firm's surplus towards themselves. In addition, if employee interests are not contractually protected, then employees' may prefer a different objective function for the firm. For example, employees may hamper capitalist flexibility by resisting restructuring of the firm if that would jeopardize their human capital. We examine this with particular reference to the unification of East Germany and West Germany, a shock that may have caused employees in the former West to resist restructuring; the more so in codetermined firms. We also examine whether shareholders respond to codetermination with more concentrated block holdings, perhaps increasing their bargaining power with employees, or with higher leverage, committing more cash to leave the firm. Finally, we examine the relationship between codetermination and the performance sensitivity of compensation for board members.
Co Determination Rights Of Employees In The Federal Republic Of Germany
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Author : William Sólyom-Fekete
language : en
Publisher:
Release Date : 1976
Co Determination Rights Of Employees In The Federal Republic Of Germany written by William Sólyom-Fekete and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Management categories.
Report on the codetermination rights of employees in Germany, Federal Republic - examines various definitions of co-determination and its historical evolution, considers its evaluation, efforts to extend it, and international interest and attitudes towards it, and includes comments on co-determination legislation of 1974 and 1976 and probable trends. Bibliography pp. 143 to 164 and references.
Codetermination Labor S Middle Way In Germany
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Author : Abraham Shuchman
language : en
Publisher:
Release Date : 1957
Codetermination Labor S Middle Way In Germany written by Abraham Shuchman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1957 with Management categories.
Codetermination Labor S Middle Way In Germany
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Author : Abe Shuchman
language : en
Publisher:
Release Date : 1957
Codetermination Labor S Middle Way In Germany written by Abe Shuchman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1957 with Industrial management categories.