Continental European Model of Corporate Governance
摘要
This chapter analyzes the Continental European Corporate Value (German) model. The analysis finds how its corporate value model has been structured for addressing the contemporary issue of the Anglo-American corporate vale model, that is, short-termism. The findings are vital to understand the significant modifications made to the United Kingdom’s value model discussed in Chap. 3 , South African value model in Chap. 4 , and Indian corporate value model discussed in the Chap. 5 . Besides, Chaps. 6 and 7 analyze two emerging countries, Botswana and Sri Lankan traditional (insignificantly modified) Anglo-American Value models. The findings of these six models can be comparatively understood for their similarities and differences. The findings of the comparative study are useful for two architects of the corporate governance of a country. They are the legislators who modify the corporate law and the professional body who prescribes the best practices. Corporate leaders can understand the nature and extent of their corporate value model in which they create value with their companies. Academics can critically evaluate these models and develop to the next level of these models so that the corporate architects can incorporate them in the corporate law and best practices. The public at large, who has interests of non-shareholder stakeholders such as employees, society, and the environment, can understand how the corporate value model in their countries can be reshaped for their benefits. These findings are useful for students who would be future corporate law and best practices architects, a part of civil society, corporate leaders, and academia.