In order to match the requirements of separating the decision making process and control, the Aufsichtsrat is not empowered to run a business (Facts about Germany, 1996; Wentges, 2002).
In corporations of more than 500 employees, one third of the Aufsichtsrat have to be employees; in corporations of more than 2,000 employees, that number increases to half (Conyon & Schwalbach, 1999; Facts about Germany, 1996; Nassauer, 2000).
Carl Bosch, who joined BASF in 1899, won the Nobel Prize in Chemistry in 1931, and chaired the Aufsichtsrat
, or Supervisory Board of Directors, from 1919 to 1925, is the prime example.
Some were members of the company's aufsichtsrat
, an entity much like a supervisory board of directors not involved in day-to-day administration; (132) others were members of the vorstand, a group whose members actually managed the company.
In section 5 we use the Aufsichtsrat
link to derive a quantitative measure of the degree of affiliation between industrial enterprises and several banking groups.
1998) (stating that some boards get good supporting information, but some do not); Florian Schilling, Der Aufsichtsrat
ist fur die Katz, FRANKFURTER ALLGEMEINE ZEITUNG, Aug.
, or supervisory board (board of directors), consists of shareholder representatives and worker representatives in fixed proportions.
Dient der Aufsichtsrat
dem Aufbau zwischenbetrieblicher Kooperationsbeziehungen?
In addition, since 1952 all limited and joint stock companies in Germany with over 500 workers have had Aufsichtsrat
supervisory boards with one third worker representation.
Ericsson ist Anteilseigner (Minderheit) von Anoto und im Aufsichtsrat
See Deloitte, Informationen fur Aufsichtsrat
und Prufungsausschuss 2 (2012), available at http://www.
See Thomas Kremer, Aufsichtsrat
[Supervisory Board], nos.