Codetermination makes the German supervisory board's decision making more cumbersome, so a co determined Aufsichtsrat may not respond quickly enough to fast moving events such as an escalation of portfolio risk or a liquidity crisis.
Source quote, verbatim
It may be difficult for a co-determined Aufsichtsrat to respond quickly to rapidly changing developments, such as an escala- tion of financial risk in a securities portfolio or a liquidity crisis.
From
Painter and Kaal, Initial Reflections on an Evolving Standard Constraints on Risk Taking by Directors and Officers in (2010), III. Cultural Components of Risk Taking and Controlling Risk, p. 23 https://ssrn.com/abstract=1558614 · source PDF
Cite as
Painter and Kaal, Initial Reflections on an Evolving Standard Constraints on Risk Taking by Directors and Officers in (2010). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1558614
Holds when
corporations large enough to trigger employee representation on the supervisory board
employee representatives may also carry union political objectives
The quote above is an exact substring of the source PDF, whose sha256 is e898211630f4116879329d6de8397523dca5b066864147421aa5cbc7429dc83b. Extraction method: pdf-text-layer. Attestation record: colloquium/attestations/1d9c6a709a9370cb...json Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/1558614-018.md | sha256sum