This report for approach focus on the progress of Directors of reciprocal ohm AGs. We will start by providing a skeleton overview of the regulatory framework that is critical to understand the come along structure, after(prenominal) which we look in detail to the characteristics of the senesce members. In this outline we have focused in 5 dimensions independence, gender, diversity, experience and median(a) jump on time and we compared Siemens AG with two of its peers.
We will proceed with a description of the supervisory board recompense not covered in the previous reports, and to the issue of chief operating officer succession. We conclude with our evaluation of the best board taking in consideration the 5 dimension mentioned above.
Regulatory framework
The German uprightness requires a two-tier board structure for listed companies. The dual system consists of a supervisory board and a management board.
The duties of the supervisory board are separate from those of the management board. The management board is responsible for(p) for the day-to-day management of the company while the supervisory board appoints and supervises the management of the company.
The composition of the Supervisory Board is regulated by the labor co-determination laws.
These laws require that for listed companies, its employees elect half of the members of the supervisory board while shareholders elect the other half. In the event of a deadlock, the chairman of the Supervisory Board, who is always elected by the shareholders, has the cast of characters vote.
Additionally there is the German Corporate Governance canon that is a voluntary code for listed companies, and operates on a follow or explain basis. This Code recommend the members of the Supervisory Board to be sufficiently independent considering independence as having no business or personal relations with the company or its Management Board which may cause a contravene of interests. The provisions of the German Code are aimed at a sufficient demarcation between the two boards, thus...If you want to get a full essay, order it on our website: Ordercustompaper.com
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