Reading suggestions
Abeln, Christoph, Handbuch für Führungskräfte [Handbook for Managers]
Gabler Verlag, 240 pp, €39.95, ISBN 978-3-8349-2548-0
How do you deal with changes in the company? How should a manager act in restructuring, job modification or downgrading? A labour-law expert shows what to consider when a transfer or posting abroad or even a promotion to manager is proposed. Similarly, the central questions of compensation and the levers of variable compensation, company car and deferred compensation are explained in practically relevant terms. Checklists and concrete examples make the labour-law knowledge directly applicable in one’s own interest.
Bennemann, Christoph, Oehlenberg, Lutz, and Stahl, Gerhard (eds), Handbuch Solvency II [Solvency II Handbook]
Schaeffer-Poeschel Verlag, 304 pp, €99.95, ISBN 978-3-7910-2430-1
Solvency II is a quantum leap in the European supervision of insurance companies. This volume brings together authors from companies and oversight who have in recent years worked actively in the implementation of Solvency II. In over a dozen contributions the main issues associated with Solvency II are discussed.
Eyer, Eckhard, and Haussmann, Thomas, Zielvereinbarung und variable Vergütung [Goal setting and variable remuneration]
Gabler Verlag, 5th Edition, 200 pp, €44.95, ISBN 978-3-8349-2489-6
The book shows step by step how to link target systems and target setting to variable compensation, whether for individuals or for teams. In particular, the authors treat the goal-setting discussion in detail. A good, compact guide with many checklists, tips and current information sources.
Hannemann, Ralf, and Schneider, Andreas, Mindestanforderungen an das Risikomanagement (MaRisk) [Minimum Requirements for Risk Management (MaRisk)]
Schaeffer-Poeschel Verlag, 3rd Edition, 1178 pp, €129.95, ISBN 978-3-7910-2952-8
The authors comment on the regulatory purpose, illuminate the creative freedom and provide practical information for proper implementation in credit and financial-services institutions. In addition, they explain the new requirements on compensation systems, regulated since October 2010 in the banking compensation regulation.
Heesen, Bernd, and Gruber, Wolf, Bilanzanalyse und Kennzahlen [Balance-sheet analysis and indicators]
Gabler Verlag, 3rd Edition, 295 pp, €49.95, ISBN 978-3-8349-3076-7
Much of the profit-and-loss account or the balance sheet is really obvious, though not at first glance. At the international level, moreover, the total-cost method becomes less important, but for the German Mittelstand [SMEs], the total-cost method is clearly the best, because strengths and weaknesses and legal ability to intervene in the balance are easily seen here, for both the controller and the accountant. The work presents the legal position before and after the BilMoG.
Heyd , Professor Reinhard, and Beyer, Michael (eds), Die Prinzipal-Agenten-Theorie in der Finanzwirtschaft [Principal-agent theory in finance]
Erich Schmidt Verlag, 272 pp, €49.95, ISBN 978-3-503-12299-1
In this work, edited by Reinhard Heydrich and Michael Beyer, experts explore the tension between owners and managers in the financial industry anew. Based on principal-agent theory, they give valuable solutions to many current problems of the sector, such as the banking stress tests, the reorganization of accounting rules for financial instruments, corporate-governance reporting and the risk-based audit approach in the SME sector.
Reifen, Thomas (ed.), Finanzielle Restrukturierung Sanierung von Unternehmenskrediten durch Debt Equity Swaps und Treuhandlösungen [Financial restructuring – restructuring of corporate debt through debt-equity swaps and trust solutions]
Schaeffer-Poeschel Verlag, 317 pp, €79.95, ISBN 978-3-7910-3054-8
This practical textbook analyses, on the basis of business financing methods such as mezzanine and leveraged buyouts as well of as the role of the CLO markets, the causes of the financial restructuring of companies. Using a variety of examples, current debt-restructuring approaches such as debt-equity swap, trust models, and other loan-to-own strategies are identified. The author is director of corporate finance at Deloitte & Touche.