kaal:claim:1558614-018

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.

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.

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

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

• corporations large enough to trigger employee representation on the supervisory board
• employee representatives may also carry union political objectives

failuresupport: arguedfailure: slow co-determined boardfamily: board-and-oversight-failurecorporate-governancecompliancedefigovernance-design

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