Unternehmensverfassung

Is it possible for German stock corporations to align their organization with the monistic system of corporate governance?

1. Yes, since 2004 there has even been an obligation to the European public limited company under the so-called SE Implementation Act. 2. No, German stock corporations must always be organized according to the dualistic system. 3. Yes, since 2004 there has been a choice between a dualistic and a monistic system as a result of the so-called SE Implementation Act on the European stock corporation. 4. Yes, but then …

Read More
Compliance

What do you understand by the compliance culture of a company?

  1. Determination of the structure and process organization of the compliance system by the Executive Board. 2. Basic attitudes and behaviour of management and the Supervisory Board on the subject of compliance. 3. Inform affected employees and, if applicable, third parties about the company’s compliance program. 4. Definition of principles and measures to limit compliance risks and avoid compliance violations.   Right solution: 2. Basic attitudes and behaviour of …

Read More
Organisation

Why should the Executive Board pay attention to the separation of existing and new business within the framework of the company’s organizational structure and processes?

  1. Because organizations with historically evolved leadership systems have the flexibility to adapt to radical innovations to gain competitive advantage. 2. Because new organizations with new leadership systems do not have the flexibility to adapt to radical innovations to gain competitive advantage. 3. Because organizations with historically evolved leadership systems do not have the flexibility to adapt to radical innovations to gain competitive advantage. 4. Because the costs of …

Read More
Corporate Governance

How does the dualistic system differ from the monistic system of corporate governance?

  1. Only in the monistic system does the Management Board manage the company under its own responsibility and the Supervisory Board has to monitor the management of the business. 2. Only in the dualistic system is it possible to set up examination boards. 3. Only in the monistic system is it possible to set up strategy committees. 4. Only in the monistic system are the so-called “Inside Directors” for …

Read More
Strategie

Which of the following tasks do not fall within the scope of the Executive Board’s strategy?

  1. Coordinating the strategies of individual business units with regard to cash flow, synergies, risks and cyclicality. 2. Acquisitions, mergers, cooperations and divestments for the purpose of optimizing the target portfolio. 3. Use of the company’s core competencies for the development of new business fields. 4.Issue of a mandate to Internal Audit to audit the financial accounting.     Right solution: 4. Issue of a mandate to Internal Audit …

Read More