Abstract (eng)
Corporate Governance is generally associated with privately owned companies. Nevertheless, there is also a necessity for publicly owned companies to be directed and controlled in a qualified manner. It is the aim of this master thesis to analyze whether there is a higher relevance or necessity for the existence of a Corporate Governance Code for publicly owned companies than for privately owned companies. In order to give an answer to this question, the differences between privately owned companies and publicly owned companies are analyzed. An example for a criterion which defends the existence of a Corporate Governance Code for publicly owned firms is politics, to be more precise, the players in politics and their influence on publicly owned companies. A topic that is also covered is the question whether there is an actual need for a separate Corporate Governance Code for publicly owned firms. According to literature, there is not just the desire for a separate code for publicly owned companies, but for a couple of separate codes. Depending on whether a publicly owned firm is owned by the state, the federal state or the municipality, a code for each ownership-type should exist, in order to ensure the peculiarities of the different companies are considered.