Summary
Corporate Governance is seen as an exhaustive set of enterprises’ constitutional rules that are allocated for a long-term period. These guidelines flow out of the specific fundamental sources like local statutory legislation and regulations, “collective agreements, regulations from private autonomy, and court decisions” (Dodo zu Knyphausen-Aufseß). The following two important issues directly influence the content and structure of Corporate Governance: the considered stakeholder groups and the necessary for the aligned enterprises’ activities institutional provisions. Due to the various weights of stakeholders’ groups the three types of Corporate Governance are identified: single interest, dual interest, and multiple public interest. Despite ...
