Personnel Connection Among Enterprises Through Advisory Council System of Bank After World War II

For a long time in Germany, the bank advisory council system played an important role in collecting, exchanging, and sharing information, as well as facilitating enterprise cooperation. After World War II, a central advisory council was established for bank head offices, whereas regional advisory councils were established in major districts before the war. These councils served as important means of connecting personnel between banks, industrial enterprises, and corporations. The advisory council system supplemented personnel connections through establishing interlocking directorates in top management bodies. This chapter explains how three large banks’ central and regional advisory councils established personnel connections between enterprises after World War II. The analysis considers the membership of such special committees and their mandates in top management organs such as the enterprise’s supervisory and management boards. The cases of Deutsche Bank, Dresdner Bank, and Commerzbank are examined.