4 ms·
In Germany some companies (depends a bit on size, form of incorporation and industry) employees by law can elect members to the board. In some cases 1/3 of the
by johannes1234321 4y ago
In Germany some companies (depends a bit on size, form of incorporation and industry) employees by law can elect members to the board. In some cases 1/3 of the members, sometimes 7/15. But then a German board is more distinct from operational business and executives can't be on the board. (Thus no CEO&Chairman etc )
https://en.m.wikipedia.org/wiki/Supervisory_board#Germany https://en.m.wikipedia.org/wiki/Supervisory_board#Germany (not exactly correct i.e. misses the special rules for coal and steel industries)
- brnt 4y agoFor those interested, the Rhineland model, or Rhineland capitalism are useful keywords.
- eatonphil 4y agoSee also: shareholder (US-model) vs stakeholder (German/European-model) debate.
- riedel 4y agoActually those boards are a very popular secondary source of income for politicians. Boards are supposed to also supervise compliance to law, but often you get the feeling it is the other way around: make law comply to company interests. Not saying that the system is all bad...