Germany: Corporate rebels
International investors have confronted German corporate governance head on, recently forcing the resignation of the Deutsche Borse's chairman. Andreas Nelle explains German attitudes to corporate governance and how outside investors are ultimately bound by the German rules of the game
As foreign private equity and hedge funds enter the German market in record numbers to reshape industry structures and market strategies, their ‘rebellious’ notion of corporate governance is bound to clash with traditional German attitudes, as manifested in business practice and law.
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