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Autor
Król-Witte Małgorzata
Tytuł
Corporate Governance: Vergütung der Vorstände und Aufsichtsräte in Deutschland : Theorie und Praxis
Corporate Governance: Remuneration of the Executive Committees and Supervisory Boards in Germany. Theory and Practice
Źródło
Zeszyty Studiów Doktoranckich / Akademia Ekonomiczna w Poznaniu. Wydział Ekonomii, 2007, nr 36, s. 21-40, tab., bibliogr. 19 poz.
Słowa kluczowe
Ład korporacyjny, Organy zarządzające spółek, Regulacje prawne, Wynagrodzenia, Systemy kontrolne, Controlling
Corporate governance, Managing bodies of companies, Legal regulations, Remuneration, Controlling systems, Controlling
Uwagi
summ.
Kraj/Region
Niemcy
Germany
Abstrakt
For some years corporate governance has been one of the most-discussed topics of economics and politics in Germany. In 2002 (updated last in 2006) the German Corporate Governance Kodex (DCGK) was founded by the government and the chancellor, Gerhard Schröder. The Codex contains the basic legal requirements for the management and regulation of listed German corporations and describes internationally and nationally recognized standards for good and responsible company leadership. The document is designed to make the German Corporate Governance System transparent and comprehensible. Closely connected to an efficient corporate governance system is an appropriate remuneration of the organ members. Its transparency and disclosure are demanded in the German Kodex. Major problems in the German corporate governance are still the insufficient representation of shareholders interest, the hidden independence of the controlling body and the lack of transparency in the German management system with respect to remuneration policy (currently changing slowly). Supervisory boards still fight widespread problems with pay processes and practices, and suggest changes in both corporate governance and pay design to mitigate in some of the following areas: the appointment and pay-setting process, equity-based pay plans, and the design of traditional bonus plans. The points of critique and the recommendations of remunerations experts, concerned an enhancement in the financial responsibility of the corporate leadership and a decrease in the extra payments in the case of additional responsibilities e.g. chairman of supervisory board, as well as realistic adjustment of the variable payments of the management. Research of implementation and application of the German Corporate Governance Codex shows a steady increase in the acceptance of the codex norms, the regulations as well as the recommendations in German corporations. Even a topic as controversial as the transparent management compensation finds increasing approval in the domestic market and support by german laws and the Kodex. The best example: the soon expected management reports 2006, which should include transparent, individual, compensation by name of all members of leading and controlling boards. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Bibliografia
Pokaż
  1. Aktiengesetz (AktG), 37. überarbeitete Auflage, 2004.
  2. Beise M., Mangel an Maßstäben, sueddeutsche.de, 20.05.2003.
  3. Chomatowska B., Sady obcinaja wysokie odprawy dla menedzerow, Rzeczpospolita, 08. März 2007.
  4. Deutscher Corporate Governance Kodex, Regierungskommission Corporate Governance, Version: 12. Juni 2006.
  5. Hart O., Corporate Governance: Some Theory and lmplications, The Economic Journal, Vol. 105, No. 430, Mai 1995.
  6. Hodgson P., CEO Pay 2005 The Corporate Library, Portland (2006).
  7. Jacobs M., Schmalholz C., Bewegliche Ziele, Manager Magazin, 5/2006.
  8. Majewska R., Prezes nie zawsze dostanie wygórowaną odprawę, Rzeczpospolita, 08. März 2007.
  9. Meyer S., Das Ende (fast) aller Heimlichkeiten, manager-magazin.de, 17.01.2007.
  10. Papendick U., Club der Millionäre, Manager Magazin, 7/2006.
  11. PwC Deutsche Revision AG, Corporate Governance & Executive Compensation, Umsetzung der Empfehlungen und Anregungen des Corporate Governance Kodex, Ergebnisse einer Untersuchung der Geschäftsberichte der DAX 100-Unternehmen im Frühjahr 2003, PWC Deutsche Revision 9/2003.
  12. Reich H., "Mein Job, mein Status, mein Millionengehalt", managermagazin.de 28.04.2006.
  13. Schätzle R., Sind Manager Ihr Geld wert?, F.A.Z. Markt und Medieninformationen GmbH, Frankfurt 2002.
  14. Scheele M., Reiche Vorstände, arme Räte, manager-magazin.de, 04.05.2006.
  15. Syre R., Vorstandsgehälter. Intransparente Transparenz, manager-magazin.de, 2006.
  16. Uchwała Sądu Najwyższego Izba Cywilna (7 sędziów - zasada prawna) z dnia 1 marca 2007 r" sygn. akt III CZP 94/06.
  17. Vergütung: Investition oder Kostenfaktor?, Studien von Towers Perrin, Frankfurt 2006.
  18. von Rosen R., Corporate Governance mit Mitbestimmungslücke, Börsen-Zeitung, 10.06.2006.
  19. Weiss H., Fünf Milliarden Dollar für die Aufsicht, Handelsblatt, 05. März 2004.
Cytowane przez
Pokaż
ISSN
1642-2600
Język
ger
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