Title: CORPORATE
1Die Zeit der Skandale heizte Szenerie an Enron,
WorldCom, Swissair, Parmalat, Erb
CORPORATE GOVERNANCE
Prof. Dr. Peter Nobel, Universität St. Gallen, N
H Zürich
2Reaktionen in der Schweiz
Man muss das Eigentum nicht nur vor den
Einbrechern, sondern auch vor den Eliten
schützen (Dr. Christoph Blocher, Amtl. Bull.
NR, 11. März 2002, S. 182)
CORPORATE GOVERNANCE
Prof. Dr. Peter Nobel, Universität St. Gallen, N
H Zürich
3Corporate Governance
Enron Worldcom Global Crossing The intended
effect in each case was to hold share prices for
a year or two beyond what could be justified by
accurate income statements. (MacAvoy /
Millstein, The recurrent crisis in corporate
governance, New York 2003, p. 82)
CORPORATE GOVERNANCE
Prof. Dr. Peter Nobel, Universität St. Gallen, N
H Zürich
4Corporate Governance
It is time to clear away the cobwebs that have
clouded the description of board
responsibilities. (MacAvoy / Millstein, The
recurrent crisis in corporate governance, New
York 2003, p. 113) The board is here to care for
other peoples money, that of the shareholders
CORPORATE GOVERNANCE
Prof. Dr. Peter Nobel, Universität St. Gallen, N
H Zürich
5Transparenz ,,Publicity is justly commended as
a remedy for social and industrial diseases.
Sunlight is said to be the best of
disinfectants. (Louis D. Brandeis, Other
peoples money and how the bankers use it, New
York 1913, chapter V, S. 92)
6- GRUNDWELLEN DER MARKTORIENTIERUNG
- USA Misstrauen gegenüber Agents
- England Umorientierung vom Syndikalismus/Ent
rümpelung der Board Rooms - Deutschland Defensive Modernisierungsversuc
he - Europa Vorwärtsstrategie zur Verbindung von
Divergenzen - Schweiz Verschämte Reorganisation von
Verwaltungsräten - Insgesamt Zunehmende internationale
Harmonisierung
CORPORATE GOVERNANCE
Prof. Dr. Peter Nobel, Universität St. Gallen, N
H Zürich