01827cas a2200241 a 4500 AALejournalIMF005214 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451870374 1018-5941 BD-DhAAL BD-DhAAL Odenius, Jurgen. Germany's Corporate Governance Reforms : Has the System Become Flexible Enough? / Jurgen Odenius. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (19 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This article reviews Germany's corporate governance system and the effectiveness of recent reforms. Since the early 1990s far-reaching reforms have complemented the traditional stakeholder system with important elements of the shareholder system. Instead of taking a view on the superiority of either system, this article raises the important question whether these reforms created sufficient flexibility for the market to optimize its corporate governance structure within well established social and legal norms. It concludes that there is scope for enhancing flexibility in three core areas, relating to (i) internal control mechanisms, especially the flexibility of board structures; (ii) self-dealing; and (iii) external control, particularly take-over activity. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2008/179 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/179/001.2008.issue-179-en.xml IMF e-Library