Corporate governance in Germany: The changing role of the banks

The article analyses the different channels ‐ industrial stakes, supervisory board mandates, proxy voting ‐ by which German banks can exert influence on industrial companies. The central thesis is that even where the banks have such influence they do not dominate the companies. A recent empirical study on the effects of the alleged bank dominance over industrial companies with detrimental effects on their performance is shown to contain major methodological mistakes. The relationship between banks and industry is undergoing some distinct changes. Banks have substantially reduced their industrial stakes as well as their representation on supervisory boards, which underlines that they are not striving for industrial leadership. Despite a clear trend in the German corporate sector to pay increasing attention to shareholder value and to provide more transparency in accounting, it seems premature to expect the German capital market, including the corporate governance system, to incorporate fully the Anglo‐Saxon model in the immediate future.     

Strategic or Principled? The Engagement of Civil Society Organizations with the EU

This article links the literature on the Europeanization of civil society organizations (CSOs) with the literature on the contribution CSOs can make to democracy in the EU. To do so, it asks which are the pull factors that support CSOs’ Europeanization: are they mostly strategic and linked to where law-making and the money are? Or are they likewise linked to a desire to contribute to EU democracy? To explore this question, the article looks at agricultural, environmental and anti-poverty groups and combines fresh qualitative with quantitative data. The findings suggest that we need to distinguish strategic Europeanization, on the one hand, from the identification with supranational democracy, on the other. They also show that the most Europeanized organizations need not be the most interested in EU democracy, whereas organizations with a comparatively low degree of Europeanization can still be interested in EU democracy.     

Gender,nationalism and the colonial jail: a study of women activists in Uttar Pradesh

Abstract

An important aspect of Indian women's political participation in the nationalist struggle against colonial rule was their imprisonment and confinement within the walls of the prison. To counter the difficulty and monotony of their prison existence, women developed strong solidarity networks which not only helped them to adjust to the temporary upheaval in their lives but also resulted in their becoming strong and determined individuals with a nationalist consciousness. These women resisted colonial rule through imprisonment and activities in the jail (such as writing poetry) just as they did through nationalist activities within the domestic sphere (such as spinning and weaving). The jail became a site where identities were continuously shaped and restructured. Feelings of pride, resentment, honour and humiliation were all experienced by women prisoners and were continuously sharpened. Women's entry into male dominated spaces dispelled the British stereotypes about Indian women as subordinate, weak and docile. Women were also aware that by endangering their womanhood on the streets and putting their bodies under risk of attack, they proved that they could share common experiences with their fellow men in the public sphere.     

Harm,Consent and the Limits of Privacy

Within the context of U.K. law, the right to respect for private life, articulated in Article 8 of the European Convention on Human Rights, and acknowledged more opaquely in domestic legislation and case law, is one whose scope is unclear. Nowhere is this brought into sharper relief than in cases where conduct which manifests a person’s sexual identity, or concerns her intimate relations with others, is prima facie criminal. In this essay I attempt, through a discussion of cases in which injury is caused in the context of relationships experienced inter-subjectively as private, to explore the contexts in which the law is prepared to legitimate that inter-subjective experience, and where it is not. Using cases in which injury has been caused purposively (in S/M sex), and incidentally (through the reckless transmission of HIV during sexual intercourse), the essay argues that the law is prepared to respect the right to respect for private life only in so far as the private life concerned is one which reinforces traditional gender roles and relationship types; in short, a life that one would be prepared to live publicly.     

Family-owned,limited close corporations and protection of ownership

Protected ownership and freedom of contracts are two basic parts of the institutional framework of successful countries according to Douglass North, winner of the Nobel Prize in 1993. The incentives to make long-term investments are strengthened if ownership rights are protected and freedom of contracts is a basic element in the process of efficient allocation of scarce resources. An important engine in prosperous societies is the family firm. Most companies in these societies can be classified as family firms and a major part of GDP is produced by family businesses. Consequently, how ownership is protected in family firms is an important issue.Three important factors of private ownership of property are the rights to determine use of owned assets, the return generated from them and to transfer the assets at mutually agreeable terms to a new owner(s).The incentives of a founder entrepreneur to put efforts into the establishment of a firm are determined by all the three factors. We will here pay special attention to the third factor, transfer of the ownership of the firm. The founder often places contractual restrictions on such transfers to ensure that the structure of ownership is stable and that the firm stays in the family. The possibility to do so is part of the freedom of contracts and is associated with the extent of ownership held as well as the incentives to invest in new businesses.This paper is primarily about how protection of family ownership can be achieved from a legal point of view and discusses the reasons to enforce these legal relationships in the future for second, third, fourth etc. generations of family owners.