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Analogous to the UK Corporate Governance Code, which is also a 'comply or explain' law, is the Deutsche Corporate Governance Kodex (AktG §161). It replicates a lot of rules already found in the Aktiengesetz.
Seibert was the Ministry's 'liaison manager' to the government commission "Deutscher Corporate Governance Kodex" (German CG Code) from its beginning. He also coined the term "legal designer", which refers to a ministry official who designs draft laws.
The UK Corporate Governance Code, the German Corporate Governance Code (or Deutscher Corporate Governance Kodex) and the Dutch Corporate Governance Code 'Code Tabaksblat' (nl:code-Tabaksblat) use this approach in setting minimum standards for companies in their audit committees, remuneration committees and recommendations for how good companies should divide authority on their boards.
"Corporate governance" may be defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context (such as accounting, finance, law, or management) often adopt narrow definitions that appear purpose-specific.
Corporate governance requirements are intended to encourage the bank to be well managed, and is an indirect way of achieving other objectives. As many banks are relatively large, and with many divisions, it is important for management to maintain a close watch on all operations.
The DWS Group (Formerly: Deutsche Asset Management) commonly referred to as DWS, is a German asset management company. It previously operated as part of Deutsche Bank until 2018 where it became a separate entity through an initial public offering on the Frankfurt Stock Exchange.
Sewing first worked in the branches of Deutsche Bank as a 19-year-old trainee in Bielefeld [5] and Hamburg, then as a junior corporate client advisor in Toronto, as Chief Credit Officer in Japan, and six years as a risk manager in London. From 2005 until 2007, Sewing was a member of the management board of Deutsche Genossenschafts-Hypothekenbank .
KfW Bank: Full Ownership German government: following assets amounting to a worth of $70.6Bn Deutsche Telekom: 31,9% Germany over KfW Deutsche Post: 25.5% Federal Ministry for Economic Affairs and Climate Action: Assets including DHL and Deutsche Postbank are therefore also partially owned by the government Hypo Real Estate: Full Ownership SoFFin