{"id":44044,"date":"2017-11-26T16:18:56","date_gmt":"2017-11-26T14:18:56","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/the-biggest-misconceptions-in-connection-with-the-new-german-corporate-governance-code\/"},"modified":"2017-11-26T16:18:56","modified_gmt":"2017-11-26T14:18:56","slug":"the-biggest-misconceptions-in-connection-with-the-new-german-corporate-governance-code","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/the-biggest-misconceptions-in-connection-with-the-new-german-corporate-governance-code\/","title":{"rendered":"The biggest misconceptions in connection with the new German Corporate Governance Code"},"content":{"rendered":"

Dr. Michael Zoller<\/strong> \u2014 Attor\u00adney at Law and Part\u00adner in the law firm Wirsing Hass Mein\u00adhold, Munich<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The announce\u00adment of the German Corpo\u00adrate Gover\u00adnance Code as amen\u00added on May 26, 2010 was published in the elec\u00adtro\u00adnic Fede\u00adral Gazette on July 02, 2010 to great press acclaim. Whereas the Code previously contai\u00adned only non-binding recom\u00admen\u00adda\u00adti\u00adons for action, it is now gradu\u00adally approa\u00adching manda\u00adtory legal requi\u00adre\u00adments; since July 02, 2010, listed stock corpo\u00adra\u00adti\u00adons have not only had to explain but also justify whether and why they deviate from the recom\u00admen\u00adda\u00adti\u00adons contai\u00adned in the Code.<\/strong><\/p>\n

The subject of this article, howe\u00adver, is not the ques\u00adtion of the formal binding nature of the regu\u00adla\u00adti\u00adons contai\u00adned ther\u00adein (espe\u00adci\u00adally since in recent years it has been noted that nume\u00adrous recom\u00admen\u00adda\u00adti\u00adons have in any case been succes\u00adsi\u00advely cast into manda\u00adtory law by the legis\u00adla\u00adture and compli\u00adance with the Code is also recom\u00admen\u00added for non-listed compa\u00adnies), but rather the discus\u00adsion of content: For exam\u00adple, the Code conta\u00adins recom\u00admen\u00adda\u00adti\u00adons of the highest explo\u00adsive nature; the propor\u00adtion of women and inter\u00adna\u00adtio\u00adnal repre\u00adsen\u00adta\u00adti\u00adves on German super\u00advi\u00adsory boards is to be increased; the manage\u00adment board is to pay atten\u00adtion to diver\u00adsity when filling manage\u00adment posi\u00adti\u00adons in the company and ensure this in parti\u00adcu\u00adlar by stri\u00adving for grea\u00adter conside\u00adra\u00adtion of women there as well; the Annual Gene\u00adral Meeting is to be able to decide on manage\u00adment board salaries.<\/p>\n

These topics have recently been the subject of considera\u00adble discus\u00adsion; the fact that nume\u00adrous misin\u00adter\u00adpre\u00adta\u00adti\u00adons and errors can be obser\u00adved here must be taken into account, as must the ques\u00adtion of how to deal with them.<\/p>\n

The biggest miscon\u00adcep\u00adti\u00adons in connec\u00adtion with the new German Corpo\u00adrate Gover\u00adnance Code<\/strong><\/p>\n

Will there be a women\u2019s quota on the Super\u00advi\u00adsory Board in the future?<\/p>\n

The new provi\u00adsi\u00adons of the Code were strikin\u00adgly para\u00adphra\u00adsed in public with the words that in the future a statu\u00adtory quota regu\u00adla\u00adtion of the content more women on the super\u00advi\u00adsory board was immi\u00adnent. Indeed, the new version of the Code is of parti\u00adcu\u00adlar rele\u00advance in the area of the compo\u00adsi\u00adtion of the Super\u00advi\u00adsory Board.<\/p>\n","protected":false},"featured_media":40687,"comment_status":"open","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2506,2525],"product_tag":[1792,1798,1802,1804,1809],"class_list":{"0":"post-44044","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-ebook-en","7":"product_cat-fyb-2011-en","8":"product_cat-dr-michael-zoller-en","9":"product_tag-michael-zoller-en","10":"product_tag-corporate-governance-code","11":"product_tag-womens-quota","12":"product_tag-listed-stock-corporations","13":"product_tag-supervisory-board","14":"pa_sprache-english-3","15":"pa_sprache-german","17":"first","18":"outofstock","19":"taxable","20":"shipping-taxable","21":"purchasable","22":"product-type-variable"},"yoast_head":"\nThe biggest misconceptions in connection with the new German Corporate Governance Code - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/produkt\/the-biggest-misconceptions-in-connection-with-the-new-german-corporate-governance-code\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The biggest misconceptions in connection with the new German Corporate Governance Code - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"The announcement of the German Corporate Governance Code as amended on May 26, 2010 was published in the electronic Federal Gazette on July 02, 2010 to great press acclaim. Whereas the Code previously contained only non-binding recommendations for action, it is now gradually approaching mandatory legal requirements; since July 02, 2010, listed stock corporations have not only had to explain but also justify whether and why they deviate from the recommendations contained in the Code. The subject of this article, however, is not the question of the formal binding nature of the regulations contained therein (especially since in recent years it has been noted that numerous recommendations have in any case been successively cast into mandatory law by the legislature and compliance with the Code is also recommended for non-listed companies), but rather the discussion of content: For example, the Code contains recommendations of the highest explosive nature; the proportion of women and international representatives on German supervisory boards is to be increased; the management board is to pay attention to diversity when filling management positions in the company and ensure this in particular by striving for greater consideration of women there as well; the Annual General Meeting is to be able to decide on management board salaries. These topics have recently been the subject of considerable discussion; the fact that numerous misinterpretations and errors can be observed here must be taken into account, as must the question of how to deal with them. The biggest misconceptions in connection with the new German Corporate Governance Code Will there be a women's quota on the Supervisory Board in the future? The new provisions of the Code were strikingly paraphrased in public with the words that in the future a statutory quota regulation of the content more women on the supervisory board was imminent. 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