The financial crisis has led to a loss of trust towards corporate governance quality and the balance of the European financial market. This became also apparent for Germany. In Germany financial companies' compliance with the German Corporate Governance Code (GCGC) represents a basic standard...

The recent financial crisis has led to a loss of trust in the quality of corporate governance worldwide. Among other reforms, the European Commission (EC) currently intends to regulate board diversity (at first gender diversity) by quota as companies did not voluntarily meet the EC's...