German Corporate Governance in International and European Context

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This book offers an overview of the distinctive aspects of German business and enterprise law, focusing on the governance structures of German public limited companies, including the general meeting, management board, and supervisory board. It discusses necessary international reforms and examines the unique dynamics of the German two-tier board model, particularly the system of codetermination, which involves employee representation on supervisory boards of public and larger private companies. Recent legal developments in Europe are also addressed. The text emphasizes the critical roles of valuation and financial reporting at international, European, and German levels, presenting accounting as essential evidence of effective corporate governance. The book comprehensively explores the free enterprise system from a German viewpoint, setting it apart from other English-language works in this field. It not only covers German corporate law and governance in detail but also integrates international and European perspectives on these vital subjects. The intended audience includes researchers, practitioners, and anyone interested in the intricate yet fascinating realms of corporate law and governance.