000			02204naa a2200229uu 4500
001			10817
003			OSt
005			20190211155203.0
008			030205s2005 xx ||||gr |0|| 0 eng d
100	1		_aPECK, Simon I _98221
245	1	0	_aHiding behind the flag? Prospects for change in German Corporate Governance
260			_c2000
520	3		_aThis paper summarises the views of 149 company Chairmen from the top 500 publicly listed German companies in a number of significant issues relating to the German corporate governance system. In the wake of some high profile mergers involving German companies and the publication of OECD Principles on corporate governance, we used fax survey to canvass views on a range of topics including shareholders rights, the structure and accountablity of supervisory boards, the role for codes of conduct, shareholder participation and top management compensation. The results of the survey suggest company chairmen are divided on a number of these issues which may have implications for any reform of the German system. We also find evidence of the adoption of key board committees dealing with audit, compensation and nominating matters. Futher analysis of the survey results shows that larger companies are generally against reform to make supervisory boards more independent and accoutable for company performance . The German financial sector , and banks in particular , which have played a privotal role in the corporate governance system, ar also shown to be largely against measures to increase direct shareholder gely against measures to increase direct shareholder involvement in corporate governance affairs and measures to increase disclosure of executive compensation. We suggest that opinions on corporate governance arrangements are unlikely to be reconcilied by the OECD Principles in Germany, and may indeed run counter to many of them
650		4	_aGovernaça Corporativa _919809
650		4	_aAlemanha _913168
650		4	_aSurveys _916494
700	1		_aRUIGROK, Winfried _919810
773	0	8	_tEuropean Management Journal _g18, 4, p. 420-430 _d, 2000 _w
942			_cS
998			_a20030205 _bCassio _cCassio
998			_a20130816 _b1414^b _ckarina
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c10942 _d10942
041			_aeng