Experts demand that the code be deleted without replacement. But I am convinced that we need a strong code for a strong economy.


I don’t always agree with Manuel René Theisen. But when I read his latest column I inevitably nodded. Theisen states that “hardly any trace elements of the original approach of the code reform are still recognizable in the draft of the government commission”. The “resuscitation” of the Code must therefore be regarded as a failure.

His conclusion, however, is, in my opinion, dangerous. “Let us have the courage and let it be simple,” writes Theisen – and thus suggests deleting the code without substitution (at least that’s how I understand it).

Criticism is necessary, but not sufficient

I am struck by the fact that there is a lot of criticism, but little pragmatism, about corporate governance at the moment. Unfortunately, this also applies to the personnel consultant Heiner Thorborg, who accuses the government commission in his current Manager Magazine column of an “ivory tower” mentality – and decorates his criticism with a gimmicky story about winegrowers, dragons and towers. But where are the constructive suggestions?

Despite all the criticism of the content of the Government Commission’s draft, I am convinced that a strong code is indispensable for a strong economy. We need a consensus on what constitutes “good governance” at its core – as a clear commitment to responsible corporate management, as a voluntary commitment on the part of the business community and, last but not least, as a…

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