scholarly journals Corporate Governance Reporting: Compliance with Upper Limits for Severance Payments to Members of Executive Boards in Germany

2019 ◽  
Author(s):  
Alexander Dilger ◽  
Ute Schottmüller-Einwag
Keyword(s):  
Corporate Governance ◽  
Severance Payments ◽  
Upper Limits ◽  
Executive Boards

scholarly journals Corporate governance reporting: Compliance with upper limits for severance payments to members of executive boards in Germany

2020 ◽  
Vol 2 (2) ◽  
pp. 18-32 ◽  
Author(s):  
Alexander Dilger ◽  
Ute Schottmüller-Einwag
Keyword(s):  
Corporate Governance ◽  
Capital Market ◽  
Corporate Governance Code ◽  
Severance Payments ◽  
Upper Limits ◽  
Executive Boards ◽  
Comparative Corporate Governance ◽  
The Capital Market

We examine how corporate governance reporting corresponds to actual conduct regarding severance payment caps for prematurely departing members of executive boards in Germany. Firstly, we evaluate the declarations of conformity for all companies listed in the CDAX between 2010 and 2014, which we use to determine conformity and deviation rates, and analyse the reasons for deviation, contributing to current research on comparative corporate governance, which focuses on when, why and how companies deviate from legitimate corporate governance goals (Aguilera, Judge, & Terjesen, 2018). Secondly, we assess the compensation amounts of all severance payments made and published by DAX companies to compare the respective severance ratio with the cap recommended by the German Corporate Governance Code (GCGC). We find that more than 20% of companies listed in the CDAX declared deviation in the declaration of conformity. Moreover, in 57% of actual severance cases where DAX companies had previously declared their conformity, the cap was exceeded. Yet, none of the companies that had exceeded the cap disclosed this in the following declaration of conformity. In most cases, the corporate reports deviated from reality and therefore could not serve as a suitable basis for decisions by the capital market.

The Evolution of Corporate Governance

2020 ◽  
Author(s):  
Bob Tricker
Keyword(s):  
Corporate Governance

EC Regulation of Corporate Governance

2009 ◽  
Author(s):  
Andrew Johnston
Keyword(s):  
Corporate Governance

Theory and Practice of Corporate Governance

2013 ◽  
Author(s):  
Stephen Bloomfield
Keyword(s):  
Corporate Governance ◽  
Theory And Practice

Corporate Governance in the Common-Law World

2013 ◽  
Author(s):  
Christopher M. Bruner
Keyword(s):  
Corporate Governance ◽  
Common Law ◽  
The Common

Corporate governance and Corporate Failure

2012 ◽  
Author(s):  
A.M.I Lakshan ◽  
W.M.H.N. Wijekoon
Keyword(s):  
Corporate Governance ◽  
Corporate Failure

Vitamin-A-Exzess durch Pferdefleischprodukte mit hohen Leberanteilen

2013 ◽  
Vol 41 (01) ◽  
pp. 31-36
Author(s):  
E. Kienzle ◽  
N. Becker
Keyword(s):  
Vitamin A ◽  
Eine Analyse ◽  
Upper Limit ◽  
Upper Limits

ZusammenfassungIm Rahmen einer Eliminationsdiät wird regelmäßig Pferdefleisch eingesetzt. Aus Gründen der Praktikabilität verwenden Tierbesitzer häufig kommerziell erhältliches Pferdefleisch aus der Dose. Aufgrund eines Berichts von Zervikalspondylosen bei einer auf Futtermittel allergischen Katze erfolgte eine Analyse verschiedener auf Pferdefleisch basierender Produkte hinsichtlich des Vitamin-AGehalts.In 14 Pferdefleischerzeugnissen wurde der Vitamin-A-Gehalt (Retinol) analysiert. Der Gehalt an umsetzbarer Energie wurde mithilfe von Schätzformeln auf Basis der Deklaration berechnet.In Produkten mit deklarierten Anteilen von Leber, Innereien oder tierischen Nebenprodukten konnten zum Teil erhebliche Vitamin-A-Gehalte festgestellt werden. Bei alleiniger Verfütterung eines dieser Produkte (Deckung des durchschnittlichen Energiebedarfs) würde die Vitamin-A-Versorgung nur knapp unter dem Safe Upper Limit der Katze sowie oberhalb des Safe Upper Limits beim Hund liegen.Bei All-Meat-Produkten sollte nicht nur die Deklaration, sondern auch der Inhalt näher betrachtet werden, um einen Hinweis auf eventuell hohe Leberanteile zu erhalten.Aufgrund der Ergebnisse ist eine exzessive Vitamin-A-Aufnahme bei langfristiger Verfütterung von Pferdefleischprodukten mit hohen Leberanteilen nicht auszuschließen.

Corporate Governance in the US and Europe

2006 ◽  
Author(s):  
Geoffrey Owen ◽  
Tom Kirchmaier ◽  
Jeremy Grant
Keyword(s):  
Corporate Governance ◽  
The Us
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