02725nam 2200577 450 991046362130332120201016011626.01-4623-4469-01-4527-0468-697866128413091-4518-7037-X1-282-84130-0(CKB)3170000000055077(EBL)1607959(SSID)ssj0000944130(PQKBManifestationID)11503322(PQKBTitleCode)TC0000944130(PQKBWorkID)10982383(PQKB)10631510(OCoLC)466441313(MiAaPQ)EBC1607959(EXLCZ)99317000000005507720140227h20082008 uy 0engtxtccrGermany's corporate governance reforms has the system become flexible enough? /Jürgen Odenius[Washington, District of Columbia] :International Monetary Fund,2008.©20081 online resource (21 p.)IMF Working PapersDescription based upon print version of record.1-4519-1490-3 Contents; I. Introduction; II. Germany's Corporate Governance System; A. The Hallmarks of the System; Figure; 1. Equity Market Characteristics; B. Corporate Governance Reform: An Overview; III. The Effectiveness of Internal Control Mechanisms; Box; 1. The Societas Europea-A Step Towards More Flexible Corporate Governance?; IV. Conflict of Interest: Self-Dealing; V. External Control Mechanisms: The Market for Corporate Control; VI. Conclusions; ReferencesThis article reviews Germany's corporate governance system and the effectiveness of recent reforms. Since the early 1990's far-reaching reforms have complemented the traditional stakeholder system with important elements of the shareholder system. Instead of taking a view on the superiority of either system, this article raises the important question whether these reforms created sufficient flexibility for the market to optimize its corporate governance structure within well established social and legal norms. It concludes that there is scope for enhancing flexibility in three core areas...IMF Working PapersCorporate governanceGermanyCorporate governanceElectronic books.Corporate governanceCorporate governance.658.4Odenius Jürgen910638MiAaPQMiAaPQMiAaPQBOOK9910463621303321Germany's corporate governance reforms2038117UNINA