Abstract
Codetermined supervisory boards with half of the directors representing employees are one of the distinctive features of the German corporate governance system. This is often supposed to be rooted in typically "German culture." The present contribution reveals however that this supposedly "German tradition" is a myth. The specific regime of codetermined supervisory boards is rather the outcome of the dramatic political & institutional circumstances of the late nineteen-forties, having witnessed a fierce fight & the mobilization of various actors ranging from politicians & industrialists to trade unionists. On the way to an institutional consensus, the German catholic church played a significant, albeit seldom recognized, role. References. Adapted from the source document.