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Der Deutsche Corporate Governance Kodex

Der Deutsche Corporate Governance Kodex


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About the Book

Inhaltsangabe: Einleitung: Die Unternehmensführung und -kontrolle, im englischsprachigen und häufig auch im deutschsprachigen Raum als Corporate Governance bezeichnet, wird bereits seit Beginn der 90er Jahre in den USA erörtert. Über Großbritannien griff die Diskussion dann nach Kontinentaleuropa über. In Deutschland ist die Wirksamkeit der Unternehmenskontrolle durch Fälle von Missmanagement in einigen renommierten Unternehmungen zum zentralen Thema geworden. Insbesondere die Aufsichtsräte der betroffenen Unternehmungen werden kritisiert, denn ihre Kontrolle über das Management gilt als unzureichend bis unwirksam. Das Verhältnis zwischen Management und Eigentümern einer Unternehmung stellt das Grundproblem der Corporate Governance-Diskussion dar. Die Unternehmensleitungen von Aktiengesellschaften müssen die Interessen von Groß- und damit in der Regel auch von Kleinanlegern mehr beachten. Vor diesem Hintergrund wird der Einfluss der Stakeholder entsprechend zurückgedrängt. Der Shareholder Value-Ansatz ist von zunehmender Wichigkeit. Die Globalisierung und die damit einhergehende Verflechtung der Kapitalmärkte bringt es mit sich, dass gerade große institutionelle Investoren aus den angelsächsischen Ländern ihre Finanzanlagen zunehmend auch bezüglich der Effizienz von Führung und Kontrolle auf den Prüfstand stellen. Gerade in Deutschland fehlten aber bisher effektive Regelungen in Bezug auf Corporate Governance. In vielen anderen Kapitalmarktländern existiert bereits ein Kodex, der allgemein akzeptierte Grundsätze enthält und es den Investoren ermöglicht, ein Unternehmen in Sachen Corporate Governance systematisch zu prüfen und zu beurteilen. Unternehmen mit transparenten Kontrollmechanismen erzielen deutlich bessere Aktienkurse als die ohne. Umfragen haben ergeben, dass institutionelle Investoren bereit sind, bis zu 20 Prozent Aufschlag für Aktien von Firmen mit guter Corporate Governance zu zahlen. Die Investoren sind der Meinung, dass Transparenz und effiziente


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Product Details
  • ISBN-13: 9783838660837
  • Publisher: Diplom.de
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 7 mm
  • Width: 148 mm
  • ISBN-10: 3838660838
  • Publisher Date: 14 Nov 2002
  • Height: 210 mm
  • No of Pages: 116
  • Series Title: German
  • Weight: 213 gr


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