This Thesis examines the topic of the German Corporate Governance Code and its practical application of the Corporate Management body within DAX-listed companies. Taking as a basis a general understanding of the Code, its statutory provision and relevant content, it will be analyzed how Standards are applied by the corporate body and which recommendations are not being taken into account in practice. In order to provide a holistic evaluation, different literary material and scientific studies are being used to develop a picture of the fulfillment and to stress potentials of improvement. All aspects from the findings are being critically contrasted to characterize the actual situation in Germany. Moreover, it will be analyzed to what extend the different obligations of the Code are affecting the implementation. The German Corporate Governance Code may be generally used as a guideline document of the German General Commission to aim for good and sustainable governance within capital markets and to improve a company’s reputation towards shareholders. While various law legislations are underlying the Standards as well as mandatory obligations, the Code consists of different demands which also address potential commitments for German companies in the future. Some Standards exist on a voluntary basis and do not represent compulsive requirements. This Thesis will therefore assess and analyze the current application of Standards by a group’s Corporate Management. In regards to that, a comprehensive evaluation of implementation will be presented in this analysis.
Inhaltsverzeichnis (Table of Contents)
- Abstract
- Table of Contents
- Table of Figures
- Introduction
- Explanation of terms and content of The German Corporate Governance Code
- Definition of the Code and statutory provision
- Content of the Code - Corporate Management
- Evaluation of application and acceptance of The German Corporate Governance Code within DAX 30 companies
- Methodology
- Evaluation of literature findings
- Critical Conclusion of the Literature Evaluation
- Table of Literature
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This Thesis examines the practical application of the German Corporate Governance Code by the Corporate Management body within DAX-listed companies. It aims to analyze how the Code's Standards are applied in practice and which recommendations are not being taken into account. The analysis draws on different literary material and scientific studies to develop a holistic picture of the Code's fulfillment and to identify potential areas for improvement. All aspects from the findings are being critically contrasted to characterize the actual situation in Germany.
- The application of the German Corporate Governance Code by Corporate Management of DAX 30 companies.
- The effectiveness of the Code in promoting good and sustainable governance within capital markets.
- The extent to which the Code's Standards are applied voluntarily or as mandatory requirements.
- The impact of the Code's obligations on the implementation of corporate governance practices.
- The role of the Code in enhancing a company's reputation towards shareholders.
Zusammenfassung der Kapitel (Chapter Summaries)
The first chapter provides an introduction to the German Corporate Governance Code, outlining its role in promoting transparency and responsible governance within the capital market. It also introduces the research question: "How is the German Corporate Governance Code applied by Corporate Management of DAX 30 companies?"
The second chapter provides a definition of the Code and its statutory provisions, followed by a description of the Standards for Corporate Management. This chapter focuses on the theoretical framework surrounding the Code, laying the foundation for the subsequent analysis.
The third chapter focuses on the practical application of the Code within DAX 30 companies. It evaluates existing literature and empirical results to provide insights into the implementation of the Code's Standards by corporate bodies. This chapter also includes an analysis of the challenges and opportunities associated with the application of the Code.
Schlüsselwörter (Keywords)
The primary focus of this Thesis lies on the German Corporate Governance Code, its application by Corporate Management within DAX 30 companies, and the analysis of its impact on corporate governance practices. Key terms include corporate governance, German law, DAX 30 companies, sustainable governance, transparency, stakeholder engagement, and corporate social responsibility. The Thesis also explores the role of voluntary and mandatory Standards within the Code, highlighting the complexities and challenges associated with its implementation.
- Quote paper
- Jaby Felix Coronel (Author), 2017, The German Corporate Governance Code. Application of Standards by Corporate Management, Munich, GRIN Verlag, https://www.grin.com/document/900014
