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Samples in periodicals archive:
170) With regard to the requirement of the German Corporate Governance Code to disclose the remuneration of company executive directors on an individual basis, only a small minority of firms (10 out of 126 in a 2002 sample and 22 out of 146 in a 2003 sample) actually complied with the suggestion.
The German Corporate Governance Code (adopted in June 2006) has three levels of guidelines: regulations that must be followed, recommendations that "should" be followed and suggestions that "may" be followed.
The supervisory board and Wolfgang Klein are seeking a cancellation of the management contract in mutual agreement that is below the recommendations of the German Corporate Governance Code.
The survey, carried out annually, compares the degree of implementation of the German Corporate Governance Code and various other investor relations aspects, at companies listed in the above-mentioned indices in addition to 80 small caps from both the Prime and General Standard segments.
The passage of the German Corporate Governance Code in 2002 was one effort to bring about greater clarity.
One of the main focuses of the German corporate governance code was to strengthen the supervisory board in performing its duties.
In addition, Octavian is deeply concerned that the current Supervisory Board members are not in a position to duly fulfil their duties given the significant misunderstandings regarding the legal requirements for Supervisory Board members in listed companies and the respective recommendations of the German Corporate Governance Code referred to in the Supervisory Board's statement of December 29, 2011.
This change at the top of the audit committee is in accordance with the recommendations of the German Corporate Governance Code, which state that the Supervisory Board Chairman should not also be Audit Committee Chairman.