* The text was presented at the 16th International Investment Funds Conference in Berlin, 16 October 2002.Google Scholar

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(15) Cf. Coffee, , The Future as History: The Prospects for Global Convergence in Corporate Governance and its Implications, 93 NW. U. L. REV. 641, 663-682 (1999).Google Scholar

(16) Strenger, , Corporate Governance: Entwicklung in Deutschland und internationale Konvergenz (Corporate Governance: The Development in Germany and International Convergence), DEUTSCHES STEUERRECHT (DStR) 2002, 2225.Google Scholar

(17) Seibert, , Stimmrecht und Hauptversammlung - eine rechtspolitische Sicht (Voting Rights and AGM - a Legal View) BB 1998, 2536.Google Scholar

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(20) Cf. id. at 91-105.Google Scholar

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(22) Cf. BERICHT, supra note 19 at 316-331.Google Scholar

(23) Cf. id. at. 117-159.Google Scholar

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(26) Cf. BERICHT, supra at 281-292. See also FLEISCHER, supra note 25 at 41-51, 90-91.Google Scholar

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(32) Cf. TERRY SMITH, STRIPPING THE CAMOUFLAGE FROM COMPANY ACCOUNTS, 2nd edition, 1996.Google Scholar

(33) Cf. FLEISCHER, supra note 25 at 23-24.Google Scholar

(34) See Sittenverfall - Manager ohne Moral (Moral decline - Managers without Morals), MANAGER MAGAZIN 6/2002, at 138 et seq.Google Scholar

(35) See generally INSTITUTIONAL INVESTORS AND CORPORATE GOVERNANCE (Baums et al. eds., 1994).Google Scholar

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(37) Schneider, , Kapitalmarktorientierte Corporate Governance-Grundsätze (capital market oriented corporate governance principles), DER BETRIEB (DB) 2000, 2413-2417.Google Scholar

(38) See supra note 4.Google Scholar

(39) See Seibt, Deutscher Corporate Governance Kodex und Entsprechenserklärung (§ 161 AktG-E) (German Corporate Governance Kodex and Compliance-Statement), DIE AKTIENGESELLSCHAFT (AG) 2002, 249.Google Scholar

(40) Viertes Finanzmarktförderungsgesetz (4. FMFG) v. 21.6.2002, BGBl. I S. 2010.Google Scholar

(41) Cf. GERMAN EXPERTS, supra note 19 at 1315Google Scholar

(42) Cf. id.Google Scholar

(43) See GERMAN EXPERTS, supra note 19 at 1316; BERICHT, supra note 18 at 158.Google Scholar

(44) See www.fefsi.org.Google Scholar