Reforming German Corporate Governance†
Inside a Lawmaking Process of a Very New Nature—An Interview with Theodor Baums
In the spring of 2000, a commission entitled Corporate Governance—Unternehmensführung (corporate management)—Unternehmenskontrolle (Corporate Control)—Modernisierung des Aktienrechts (Modernization of corporate law), made up of a group of selected lawyers and business practitioners from banking and insurance, took up the task of engaging in an in-depth analysis of the structure and challenges of German corporate governance. As the commission's work drew to an end and its 300-page report was presented to the public on Tuesday, July 10, 2001, the German Law Journal's (GLJ) provided its readers with the first-hand insights of Professor Theodor Baums of the University of Frankfurt's Institute of Banking Law, who headed the commission and drafted its report. The GLJ asked Professor Baums questions on both specifics of the commission's report as well as the heritage and future prospects of German corporate and capital market law.
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