Corporate stewardship holds great promise for the improvement of shareholder engagement and the encouragement of more responsible and long-term oriented value creation. Many countries have now adopted a best practice code for the...
The idea that a corporation’s employees should be allowed to elect some of the corporation’s board members, a system known as codetermination, has moved to the forefront of U.S. corporate law policy. Elizabeth Warren’s...
This article deals with the self-insider, i.e. the possible creation of the inside information by a person and its (abusive) exploitation. It describes the situation in Italy and Germany and then provides a taxonomy of the several cases...
Outside directors constitute a key component of most prescriptions for good governance of public companies. Given that outside directors are important corporate governance players, one is led to wonder what will motivate the...
The shift from the liberal, laissez-faire attitude to the welfare state at the end of the 19th century was accompanied in Germany with an idealized notion of the state that has created a lasting and unfortunate legacy: the persistent and...
This article presents a structural overview of corporate disclosure in Germany against the background of a rapidly evolving European market. It fi rst makes the theoretical case for mandatory disclosure and outlines the standard,...
