The Commission, Regierungskommission Deutscher Corporate Governance Kodex, is a commission introduced by the German Federal Minister of Justice in September 2001. It consists of managing and supervisory board representatives of German listed companies and their stakeholders, i.e. institutional and retail investors, academics (economics, jurisprudence), auditors and a trade union federation. The members of the Commission are appointed by the German Federal Minister of Justice and for Consumer Protection. The Commission can submit recommendations for new members.
The Chairman of the Commission is appointed by the German Federal Minister of Justice and for Consumer Protection, too. He represents the Commission externally and coordinates the work internally.
The Commission shapes standards of good corporate governance in the code, which it reviews on an annual basis. The Commission develops the standards not only by internal discussions, but in dialogue with economy, politics and the general public.