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Our Mission

The Corporate Governance Institute (CGI) at Frankfurt School of Finance & Management is a think tank and research center that promotes research and best practice in corporate governance. The CGI builds on Frankfurt School’s high-class faculty to generate insights from the connection between practice and theory. Founded in 2020, its activities are centered around five areas:

Generate new knowledge about corporate governance and its implications for companies, institutional investors, and society.

Develop best practice in the area of corporate governance for companies and institutional investors.

Advise policy institutions and regulators about important developments in corporate governance

Educate executives and students about corporate governance.

Build a strong community of corporate governance experts, corporates, and industry experts.

Institute Directors

Prof. Dr. Julia Redenius-Hövermann, LL. M.

Prof. Dr. Julia Redenius-Hövermann serve as a Professor of Civil and Company Law. She joined Frankfurt School in August 2012 as an Assistant Professor. From December 2006 until July 2012 Julia Redenius has held the position of postdoctoral research associate and lecturer at the Chair of Professor Theodor Baums at the Institute for Law and Finance, Goethe University Frankfurt. Before returning to her hometown Frankfurt, Julia Redenius worked as a research associate and lecturer at the Universities of Paris II-Assas and Paris XII-Saint Maur as well as an attorney at law in Paris. Julia Redenius holds Master degrees in French, German, European and International Corporate Law from the University of Paris II-Assas and Munich as well as a Ph. D. (summa cum laude, Supervision: Professor Michel Germain) from the University of Paris II-Assas. She was admitted to the Paris Bar Exam. As an ILF Research Fellow, Julia Redenius wrote her postdoctoral thesis (“Habilitation”) under the supervision of Professor Baums in the field of corporate law and behavioural law and economics; she received the venia legendi for Civil Law, Commercial and Business Law and Comparative Law in December 2017. Within the framework of her postdoctoral thesis, she was a visiting scholar at Columbia Law School, New York, in Fall 2011 (Fellowship of the Fritz-Thyssen-Foundation). Her research focuses on Corporate Law, Comparative Law, Capital Market Law, Banking Law and Law and Economics. Her advisory activity covers requests from national and international ministries concerning German Corporate Law. Julia Redenius is the Chairwoman of the Scientific Advisory Board of the German Compliance Manager Association, member of the Governance and Stewarship Commission of the DVFA, member of the Compliance working group of FIRM.

Prof. Dr. Zacharias Sautner

Zacharias Sautner is Professor of Finance at Frankfurt School of Finance & Management and a research member of ECGI. He headed Frankfurt School’s Finance Department from 2015 to 2020. He was previously at the University of Amsterdam and the University of Oxford. Zacharias Sautner does research in the area of empirical corporate finance and focuses on ESG, climate finance, and corporate governance. His research was published in leading international journals such as the Journal of Finance, Review of Financial Studies, Management Science or Review of Finance. He was ranked #2 in Germany in Business Administration (#1 in Finance) based on A+ publications (age of 40 or below) by Forschungsmonitoring.org (February 2019). He is Associate Editor of Journal of Banking and Finance and of Financial Management. He teaches corporate finance, valuation, and corporate governance and has won different research and teaching awards.

Prof. Christian Strenger

After obtaining a MBA at the University of Cologne and trainee programs in New York and London, Prof. Strenger joined in Deutsche Bank from 1972, he held increasingly senior positions in corporate finance and asset management in Frankfurt, New York and London until 1991. In 1991, he became speaker of the management board of 'DWS Investment GmbH', Germany's largest mutual fund company with current assets of around 750 billion Euros. In 1999, he joined the Supervisory Board of DWS and assumed supervisory and advisory mandates of listed German companies. In 2001 he became a founding member of the German Government’s Commission for the 'German Corporate Governance Code' until 2016. In 2014 Prof. Strenger received the ICGN Lifetime Achiever Award in Corporate Governance for his continuing commitment in promoting good corporate governance. Today, he participates in the discussion to develop German governance as Vice Chairman of the DVFA Corporate Governance Commission and holds MBA lectures and organizes symposia on corporate governance issues. He is regularly invited for guest lectures at other universities. Internationally, he is member and Past Chairman (2005/06) of the International Corporate Governance Network (ICGN) and member of the BIAC Governance Committee of the OECD in Paris. Prof. Strenger regularly publishes articles on important governance topics in leading financial journals and magazines.

Institute Office

Peter Siemens

Peter Siemens is a research associate at the Corporate Governance Institute. He studied law at the Goethe University of Frankfurt. Prior to his position at the Corporate Governance Institute he worked as a research associate in an international law firm and at the chair for Civil and Company Law at the Frankfurt School of Finance and Management of Prof. Dr. Julia Redenius-Hövermann.

Affiliated Members

Events & Education

  • November 12, 2020: Round Table Discussion: German Shareholder Meetings- Quo vadis?
  • Conferences planned for 2021.

Education

Frankfurt School is accredited by the three largest and most influential business school accreditation organizations, AACSB, EQUIS - EFMD, and AMBA. This “triple crown” accreditation is held by only 100 business schools - i.e., less than 1% of all business schools world-wide.

Frankfurt School and the CGI members offer various executive education products in the area of corporate governance

Exzellenzprogramm für Geschäftsführer (serveral modules, in German)

Certified Compliance Professional (serveral modules, in German)

CEO-Programm (2 days, in German)

European Certified Compliance Professional (blended program, in English)

Next to these programs, corporate governance is also covered in the curricula of the Frankfurt School bachelor and master programs.

Research

  • Role of Institutional Investors in Corporate Governance
  • Shareholder Engagement
  • Executive Compensation
  • Board Effectiveness
  • Corporate Governance Codes
  • Short-Termism
  • Shareholder Meetings
  • ESG Investing and Climate Finance
CGI Research Papers

2020

Redenius-Hövermann, J., 2020. Rechtsschutzmöglichkeiten bei Umwandlungsvorgängen » (Kapitel 7), in: J. Kraft / J. Redenius-Hövermann (Hrsg.), Lehrbuch zum Umwandlungsrecht, 2. Aufl., Tübingen 2020, S. 323 ff. .

Redenius-Hövermann, J., 2020. Behavioural Economics, Neuroeconomics, and Corporate Law », in: H. Anheier / Th. Baums (Hrsg.), Advances in corporate governance: comparative perspectives, Oxford 2020, S. 269 ff.

Bannier C., Redenius-Hövermann, J., 2020. Die Effekte guter Corporate Governance- Eine Auswertung der DVFA-Governance Scorecard, ZCG 2020 (forthcoming).

Bannier, C., Redenius-Hövermann, J., 2020. (Online) Hauptversammlungssaison 2020: Nachlese und Ausblick, ZIP 2020, 1885.

Redenius-Hövermann, J., Siemens, P., 2020. Die Herabsetzung der Vorstandsvergütung gem. § 87 II AktG de lege lata und de lege ferenda, ZIP 2020, 1585.

Redenius-Hövermann, J., Walter, A., 2020. Ad-hoc Veröffentlichungspflichten bei verbandsinternen Untersuchungen, ZIP 2020, 1331.

Strenger, C., Redenius-Hövermann, J., Reuter, A., 2020. Das Unternehmenssanktionsrecht trifft die Falschen! Stellungnahme zum Entwurf eines „Gesetzes zur Stärkung der Integrität in der Wirtschaft“ aus gesellschaftsrechtlicher Sicht, ZIP 2020, 1160.

Bannier, C., Redenius-Hövermann, J., 2020. Die virtuelle Hauptversammlung: Chancen, Risiken und Herausforderungen für eine gute Corporate Governance, Aufsichtsrat (Themen-Dossier 2020) S. 8-13.

Cremers, M., Pareek, A., Sautner, Z., 2020. Short-Term Investors, Long-Term Investments, and Firm Value: Evidence from Index Inclusions, Management Science. (forthcoming)

Dasgupta, A., Fos, V, Sautner, Z., 2020, Institutional Investors and Corporate Governance, European Corporate Governance Institute – Finance Working Paper

Ilhan, E., Sautner, Z., Vilkov, G., 2020. Carbon Tail Risk, Review of Financial Studies. (forthcoming)

Ilhan, E., Krueger, P., Sautner, Z., Starks, L., 2020. Climate Risk Disclosure and Institutional Investors, European Corporate Governance Institute – Finance Working Paper

Krueger, P., Sautner, Z., Starks, L., 2020. The Importance of Climate Risks for Institutional Investors, Review of Financial Studies. (forthcoming)

Ladika, T., Sautner, Z., 2020. Managerial Short-Termism and Investment: Evidence from Accelerated Option Vesting, Review of Finance. (forthcoming)

Redenius-Hövermann, J., Henkel, E., 2020. Eine empirische Bestandsaufnahme zur Aktionärsklage nach § 148 AktG, Aktiengesellschaft (10) S. 349-367.

Redenius-Hövermann, J., Schmidt, H., Heinen, V., Juschus, A., 2020. Auswertung der Governance-Qualität im DAX und MDAX: Ergebnisse unter Anwendung der DVFA Corporate Governance Scorecard, Zeitschrift für Corporate Governance (2) S. 71-78.

Redenius-Hövermann, J., 2020, Rechtsschutzmöglichkeiten bei Umwandlungsvorgängen, in: Umwandlungsrecht, 2. Aufl., Tübingen: Mohr Siebeck.

Redenius-Hövermann, J., Siemens, P., 2020. Die Entlastung in der Aktiengesellschaft: Reformgedanken zur Entlastung als wirksames Mittel der Einflussnahme durch Aktionäre, Aufsichtsrat (4) S. 52-54.

Redenius-Hövermann, J., Siemens P., 2020. Zum aktuellen Stand betreffend Clawback-Klauseln, ZIP 2020, 145.

Redenius-Hövermann, J., 2020. Kommentierung zu §§ 56, 60b KWG, in: KWG-Kommentar, hrsg. von Luz/Neuss/Schaber/Schneider/Wagner/Weber, Online Aktualisierung, Stuttgart.

Sohl, T., Vroom, G., Fitza, M., 2020. How much does business model matter for firm performance?: a variance decomposition analysis, Academy of Management Discoveries. (forthcoming)

2019

2019

Strenger, C., 2019. 25 Jahre gelebte Governance, in: Festschrift für Ulrich Seibert, S. 903-918, Otto Schmidt Verlag.

Redenius-Hövermann, J., 2019. Verhalten im Unternehmensrecht – Über die realverhaltensorientierte Fortentwicklung des Unternehmensrechts anhand ausgewählter Anwendungsbeispiele », Jus Privatum, Mohr Siebeck, Tübingen; Druckkostenzuschuss der Otto Wolff-Stiftung und der Johanna und Fritz Buch Gedächtnis-Stiftung. Besprochen von Theisen, Der Aufsichtsrat 2019, S. 183.

Redenius-Hövermann, J., Denecke, F., 2019. Arbeitnehmervertreter im Aufsichtsrat einer GmbH: Status und Rechtsfolgen, Aufsichtsrat Jg. 16(6), S. 88-90.

Redenius-Hövermann, J., 2019. Beratungsverträge mit Aufsichtsratsmitgliedern, Aufsichtsrat (10) S. 144-146.

Redenius-Hövermann, J., 2019. Zu den Novellierungen im Pauschalreisevertragsrecht, JURA 2019, S. 462 ff.

Redenius-Hövermann, J., 2019. Reverse Factoring- Begriffsbestimmung, vertragliche Ausgestaltung und zivilrechtliche Folgeprobleme, JURA 2019, 803 ff.

Redenius-Hövermann, J., Denecke, F., 2019. Bildung eines paritätisch besetzten Aufsichtsrats in der GmbH, Aufsichtsrat Jg. 16(4), S. 56-57.

Redenius-Hövermann, J., 2019, Unternehmensrecht bei M&A-Transaktionen: Strategie, Recht, Steuern, in: Christoph Schalast, Lutz R. Raettig (Hrsg.): Grundlagen des M&A-Geschäftes, 2. Aufl., Frankfurt am Main: Frankfurt School-Verl., S. 321-382.

2018

2019

Vedula, S. and Fitza, M., 2019. Regional Recipes: A Configurational Analysis of the Regional Entrepreneurial Ecosystem for U.S. Venture Capital Backed Startups. Strategy Science, 4(1).

Redenius-Hövermann, J., Schmidt, H., 2018. Zur Unabhängigkeit von Aufsichtsratsmitgliedern, ZCG 2018, S. 218 ff., zugleich ILF Working Paper Nr. 154, 08/2018.

Redenius-Hövermann, J., Kraft, J., 2018. § 31 – SE-Gründung durch Spaltung, erscheint in: J. Lieder / C. Wilk / N. Ghassemi-Tabar (Hrsg.), Münchener Handbuch des Gesellschaftsrechts, Band 8, Umwandlungen, München.

Redenius-Hövermann, J., Kraft, J., 2018. § 30 – Grenzüberschreitende Spaltung, erscheint in: J. Lieder / C. Wilk / N. Ghassemi-Tabar (Hrsg.), Münchener Handbuch des Gesellschaftsrechts, Band 8, Umwandlungen, München.

Redenius-Hövermann, J., 2017/2018, §§ 46d-46f, 49, 51, 54, 55, 55a, 56, 59, 60, 60a KWG, in: KWG-Kommentar, hrsg. von Luz/Neuss/Schaber/Schneider/Wagner/Weber, Online Aktualisierung, Stuttgart.