Germany: the corporate governance code limited to two years the period to calculate the benefits paid to managers

Gathered on June 14, 2007, the governmental commission on good governance adopted several measures, including the limitation of executives' retirement benefits, the appointment modalities for the supervisory board's members, or the code's extension to European companies (EC). (Ref. 070570)

Through . Published on 22 June 2007 Ă  21h35 - Update on 22 June 2007 Ă  21h35

Having decided for the year 2007 to dedicate its work to the strengthening of the transparency of the mechanisms and structures of companies’ management, the governmental commission on corporate governance in Germany (Cromme-Kommission) decided, on June 14, 2007, to amend the German corporate government code (Deutscher Corporate Governance Kodex,…

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