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Corporate Governance and Directors’ Remuneration: A German Perspektive

Corporate Governance and Directors’ Remuneration: A German Perspektive. Prof. Dr. Christine Windbichler, LL.M. (Berkeley) Humboldt-Universität zu Berlin. Two-Tier Board System. Managing Board. Supervisory Board. Shareholders’ Meeting. Co-Determination Law 1976. Managing Board

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Corporate Governance and Directors’ Remuneration: A German Perspektive

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  1. Corporate Governance and Directors’ Remuneration:A German Perspektive Prof. Dr. Christine Windbichler, LL.M. (Berkeley) Humboldt-Universität zu Berlin

  2. Two-TierBoard System Managing Board Supervisory Board Shareholders’ Meeting Prof. Dr. Christine WindbichlerHumboldt-Universität zu Berlin

  3. Co-Determination Law 1976 Managing Board 1 Member in Charge of Human Resources 10 Shareholders‘Representatives 10 Employees‘Representatives Shareholders‘ Meeting Employees Prof. Dr. Christine WindbichlerHumboldt-Universität zu Berlin

  4. Managing Board 1 Member in Charge of Human Resources 10 Shareholders‘Representatives 10 Employees‘Representatives Shareholders‘ meeting of parent Employees of domestic group Prof. Dr. Christine WindbichlerHumboldt-Universität zu Berlin

  5. Supervisory Board:Committee Structure • Committee prescribed by law: § 27 III MitbestG: nominating and compensation committee • Audit committee (prescribed by Sarbanes Oxley Act, recommended by GCGK, recognized by §§ 170 III 2, 171 I 2 AktG) • Other committees, § 107 III 2 AktG • - Composition of committees ? - Prof. Dr. Christine WindbichlerHumboldt-Universität zu Berlin

  6. Building Blocks Board of Directors OfficersManagement Audit Committee “Statutory Auditors” Nomination Committee Compensation Committee Shareholders’ Meeting Outside Accounting Auditors Prof. Dr. Christine WindbichlerHumboldt-Universität zu Berlin

  7. M.J. Roe, Political Determinants of Corporate Governance Prof. Dr. Christine WindbichlerHumboldt-Universität zu Berlin

  8. M.J. Roe, Political Determinants of Corporate Governance Prof. Dr. Christine WindbichlerHumboldt-Universität zu Berlin

  9. Supervisory Board:Committee Structure • Committee prescribed by law: § 27 III MitbestG: nominating and compensation committee • Audit committee (prescribed by Sarbanes Oxley Act, recommended by GCGK, recognized by §§ 170 III 2, 171 I 2 AktG) • Other committees, § 107 III 2 AktG • - Composition of committees ? - Prof. Dr. Christine WindbichlerHumboldt-Universität zu Berlin

  10. Co-Determination Law 1976 Managing Board 1 Member in Charge of Human Resources 10 Shareholders‘Representatives 10 Employees‘Representatives Shareholders‘ Meeting Employees Prof. Dr. Christine WindbichlerHumboldt-Universität zu Berlin

  11. Employees‘ Representatives 3 Union Representa-tives 7 Employeesincluding 1 with managerial tasks Unions:Nomination Employees Prof. Dr. Christine WindbichlerHumboldt-Universität zu Berlin

  12. Managing Board 3 Empl.Reps 6 Shareholders‘ Rep.s Original: Wirtschaftsrat derCDU e.V. 1973 Prof. Dr. Christine WindbichlerHumboldt-Universität zu Berlin

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