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The Models of Corporate governance - Coggle Diagram
The Models of Corporate governance
Anglo-US Model
This model presents the board of directors
Crafted by individual business societies
Managers and chief officers ultimately have secondary authority
Presents shareholders as the controlling parties
Managers derive their authority from the board which is beholden to voting shareholders approval
The Japanese Model
Takes shape in light of two dominant legal relationships
One between :
Customers
Suppliers
Shareholders
Creditors
Employee Union
The other between:
Administrators
Manages
Shareholders
The German Model
European model carried out by two groups
The Supervisory council and executive board
The executive board
The Supervisory council controls the executive board
The executive board is in charge of corporate management