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Ein neuer »horror pleni« in den Zivilsenaten des Bundesgerichtshofs
In: JuristenZeitung, Volume 64, Issue 8, p. 380
The Effectiveness of Corporate Governance in One-Tier and Two-Tier Board Systems – Evidence from the UK and Germany –
In: European company and financial law review: ECFR, Volume 3, Issue 4, p. 426-474
ISSN: 1613-2556
Abstract
Germany and the UK are paradigms of systems in which the control of managing directors of companies either lies in the hand of a separate supervisory board (two-tier system) or is an additional task of the board itself (one-tier system). This paper provides for an empirical test of the effectiveness of both systems of corporate governance. The analysis of the financial performance and board turnover of the largest companies listed on the stock exchanges in Frankfurt and London over a total of 400 financial years establishes that both systems are effective means of control. Yet the analysis also demonstrates that it is not possible to assign superiority to either of them. Therefore, the often raised question as to whether one of the two systems will finally prevail and whether there will be ultimate convergence of both systems, has to be answered in the negative. As the discussion of the strengths and weaknesses will show, however, there is still scope for improvements in each of the two board models.
Rechtsposition des Grundstückskäufers bei Insolvenz des Verkäufers: Schutz durch Trust-Clauses bzw. Vereinbarungstreuhand? Zugleich eine Besprechung der Entscheidungen Sharp v. Thomson und Burnett's T
In: Rabels Zeitschrift für ausländisches und internationales Privatrecht: The Rabel journal of comparative and international private law, Volume 69, Issue 3, p. 487
ISSN: 1868-7059
GESELLSCHAFT- UND WIRTSCHAFTSRECHT - AUFSATZ - Zur bilanziellen Behandlung und summenmässigen Begrenzung von Ansprüchen aus S 31 GmbHG
In: Deutsches Steuerrecht: DStR ; Wochenschrift & umfassende Datenbank für Steuerberater ; Steuerrecht, Wirtschaftsrecht, Betriebswirtschaft, Beruf ; Organ der Bundessteuerberaterkammer, Volume 42, Issue 16, p. 688-695
ISSN: 0949-7676, 0012-1347
Grundpfandgläubiger und Unternehmensinsolvenz: Deutschland - England - Schottland
In: KTS-Schriften zum Insolvenzrecht 18
Discussion Report: Restructuring Insolvent Companies in the UK and in the US
In: European company and financial law review: ECFR, Volume 5, Issue 2
ISSN: 1613-2556