About This Source - Cambridge Law Faculty
The Faculty of Law, Cambridge is the law school of the University of Cambridge. In 2018, it was ranked the best law school in the United Kingdom and second best law school in the world.
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Cambridge Law Faculty published this video item, entitled “German Corporate Governance after Wirecard: 3CL Webinar” – below is their description.
Speaker: Markus Roth (University of Marburg)
Chair: Felix Steffek (University of Cambridge)
The payment provider Wirecard was once a member of the German blue chip-index and for many a German tech-hope. Rumors and reports in the Financial Times resulted not in investigations discovering the now apparent wrongdoings. Neither Wirecard’s supervisory board nor the German supervisory agency detected fraud committed by members of the management board. In Germany, the government introduced the Financial Stability Enhancement Act, but European legislation might follow.
Markus Roth is Professor for Civil Law, Labour Law, German and European Commercial and Business Law at the University of Marburg since 2009. From 2002 to 2008 he was Senior Research Fellow at the Max Planck Institute for Comparative and International Private Law in Hamburg. He has published widely on German and European corporate, labour, pension and financial law, for example a 2000 pp. annotation on the German supervisory board (Großkommentar Aktiengesetz, 2019, with Klaus J. Hopt, in German). Among the international publications are “The Commission’s Proposal on Cross-Border Mobility”, ECFR 2019, 196-221, “A proposal for Group Law in Europe”, EBOR 2017, 1-49, both with the European Company Law Experts (ECLE); “Corporate Boards in Germany” in Paul Davies et al (eds), p. 253-365, OUP 2013, “Labor and Comparative Corporate Governance in Times of Pension Capitalism Independent Directors, Shareholder Empowerment and Long-Termism: The Transatlantic Perspective”, Fordham Journal of Corporate & Financial Law, 18 (2013) 751-820, “Employee Participation, Corporate Governance and the Firm”, European Business Organization Law Review 11 (2010) 51-85 and “Outside director liability”, Journal of Corporate Law Studies, 8 (2008) 337-372.
3CL runs the 3CL Travers Smith Lunchtime Seminar Series, featuring leading academics from the Faculty, and high-profile practitioners.
For more information see: https://www.3cl.law.cam.ac.uk/centre-activitiesCambridge Law Faculty YouTube Channel
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In This Story: Germany
Germany is a federal parliamentary republic led by a chancellor. With over 83 million inhabitants of its 16 constituent states, it is the second-most populous country in Europe after Russia, as well as the most populous member state of the European Union. Its capital and largest city is Berlin, and its financial centre is Frankfurt; the largest urban area is the Ruhr.