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| Author: | Köhler, A.G. |
| Title: | Audit committees in Germany - Theoretical reasoning and empirical evidence |
| Journal: | Schmalenbach Business Review
2005 : JUL, VOL. 57:3, p. 229-252 |
| Index terms: | auditing auditors audit committees corporate governance Germany |
| Language: | eng |
| Abstract: | In this paper, it is shown that due to legal restrictions, audit committee (hereafter as: ac./acs.) formation in Germany is a matter of enhancing monitoring effectiveness and also a means of increasing Supervisory Board (as: SB.) efficiency. This result is linked to empirical findings derived from a questionnaire developed especially for the survey concerning 100 German SB./ac. chairpersons in 2004. Covered were the motivation, composition, qualification, organisation, and responsibilities of current German acs. It is shown that free float, perceived independence of members, and the size of acs. significantly influence ac. composition, and that tasks mainly auditor-related are treated as supplementary. |
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