The picture below illustrates the differences among US, UK and EU models of corporate governance. As it can be seen the

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The Picture Below Illustrates The Differences Among Us Uk And Eu Models Of Corporate Governance As It Can Be Seen The 1 (65.8 KiB) Viewed 64 times

The picture below illustrates the differences among US, UK and EU models of corporate governance. As it can be seen the US model implies the strictest disclosure requirements as well as independence requirements. United States United Kingdom Germany Stakeholder model Shareholder model Netherlands Shareholder model Shareholder model Switzerland Shareholder model One-tiered No Two-tiered Goals of Corporate Governance Board Structure Mandatory CEO/ Chair Duality Appointment of Independent Auditor One-tiered Required by SOX One-tiered Comply or explain Not Permitted Required by law Permitted Prohibited Two-tiered Comply or explain Not Permitted Shareholders through the Audit Committee Permitted Supervisory Board Shareholders clect Independent Audit Committee Limited in 10K, details in Proxy Statements Committee Structure Independent Audit Committee In Annual Report. less than U.S. requires Committee Structure Required Disclosure Independence Achieved In Annual Report In Annual Report In Annual Report Sharcholder Autonomy Board Structure Board Structure Which main differences between US and German model you could add in addition to the mentioned ones? Be as detailed as possible.