GERMAN CORPORATE GOVERNANCE CODE AND MOST COMMONLY UNACCEPTED RECOMMENDATIONS: INTRODUCTION AND SOME EXPLANATION

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Abstract

This study presents an empirical analysis of compliance. In the year 2002 the German Corporate Governance Commission introduced a Corporate Governance Code to companies listed on the German stock exchange. Each company in noncompliance with one or more of the recommendations must explain in writing. Regarding the 2003 amended Code, this study identifies the Most Commonly Unaccepted Recommenations (MCURs). Finally it gives some explanation why some companies have good reason not to follow all the recommendations like the German Corporate Governance Commission want them to.

Keywords: Germany, Corporate Governance Code, Most Commonly Unaccepted Recommandations (MCURs)

How to cite this paper: Bebenroth, R. (2006). German corporate governance code and most commonly unaccepted recommendations: Introduction and some explanation. Corporate Ownership & Control, 3(2), 10-14. https://doi.org/10.22495/cocv3i2p1