The following report aims to compare and contrast the development of the principles effectiveness and remuneration in the UK and Germany. Firstly, characteristic factors of the two principles are worked out, their development in the UK is analysed and underlined by a critical evaluation of the role and responsibilities of ED and NEDs in Barclays.
In a second step, the development of the carved factors in Germany is assessed and underlined by a critical analysis of the board’s role and responsibilities in Deutsche Bank. At last a brief conclusion is given.
Inhaltsverzeichnis (Table of Contents)
- List of Abbreviations
- List of Diagrams
- List of Tables
- 1. Introduction
- 2. Development of the two main principles in the UK
- 2.1 Principle development
- 2.2 Assessment after the financial crisis
- 2.3 Critical evaluation of Barclay's board of directors
- 3. Development of the two main principles in Germany
- 3.1 Principle development
- 3.2 Assessment after the financial crisis
- 3.3 Critical evaluation of Deutsche Bank's board
- 4. Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This report aims to compare and contrast the development of the principles of effectiveness and remuneration in the UK and Germany, focusing on their development and critical evaluation in Barclays and Deutsche Bank. The report highlights the crucial role of corporate governance in ensuring the long-term success of companies, particularly in the wake of the 2008 financial crisis.
- The evolution of corporate governance principles in the UK and Germany.
- The impact of the financial crisis on corporate governance structures and practices.
- The role and responsibilities of executive and non-executive directors in ensuring company effectiveness and responsible remuneration.
- Comparative analysis of the "comply or explain" approach in the UK and the German model of corporate governance.
- The importance of balancing the need for effective leadership with shareholder interests and long-term company success.
Zusammenfassung der Kapitel (Chapter Summaries)
The report commences with an introduction to the principles of corporate governance and their significance in the context of the financial crisis. It then delves into the development of these principles in the UK, highlighting the role of the Cadbury Committee and the Financial Reporting Council (FRC). The chapter concludes with a critical evaluation of Barclays' board, focusing on the effectiveness of its executive and non-executive directors in relation to remuneration and overall company performance.
Chapter 3 examines the evolution of corporate governance principles in Germany, emphasizing the key differences from the UK model. It examines the development of the "comply or explain" approach in Germany and assesses the effectiveness of Deutsche Bank's board in light of the financial crisis and its impact on the bank.
Schlüsselwörter (Keywords)
The key themes of this report encompass corporate governance, effectiveness, remuneration, financial crisis, Barclays, Deutsche Bank, board structure, executive directors, non-executive directors, "comply or explain" approach, and long-term company success.
Frequently Asked Questions
What is the main objective of this report?
The report compares the corporate governance principles of effectiveness and remuneration between the UK and Germany, using Barclays and Deutsche Bank as case studies.
How did the 2008 financial crisis affect corporate governance?
The crisis led to a critical reassessment of board responsibilities, specifically regarding executive remuneration and the long-term stability of financial institutions.
What is the "comply or explain" approach?
It is a regulatory strategy where companies must either follow corporate governance codes or publicly explain why they have chosen not to do so.
What are the roles of ED and NEDs mentioned in the report?
ED stands for Executive Directors and NED for Non-Executive Directors. The report evaluates their different roles and responsibilities in ensuring board effectiveness.
Which specific banks are analyzed in this report?
The report critically evaluates the board of directors at Barclays in the UK and Deutsche Bank in Germany.
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- Marvin Müller (Autor:in), 2016, The Effectiveness and Remuneration of the Board of Directors. A Critical Analysis of the Corporate Governance Codes in the UK and Germany, München, GRIN Verlag, https://www.grin.com/document/318402
