Activities of Banks’ Advisory Councils and Roles of Personnel Connections Based on Such Organizations After World War II

Whereas regional advisory councils already existed in some large banks before World War II, central advisory council was created for banks’ head offices after World War II. Advisory council system composed of bank’s central and regional advisory councils played meaningful roles in supplementing the function of personnel connections through interlocking directorates on top management organs. They had big significance for collecting, exchanging, and sharing of information between banks and industrial enterprises and among industrial enterprises. Building upon discussions regarding conditions of personnel connection between enterprises through advisory council system in previous chapter, this chapter attempts to clarify functions and roles of such personnel connection through analyzing activities of these organizations on the basis of original historical materials of large German banks. Analysis in this chapter has significant meaning for grasping cooperative mechanism of German capitalism.