106:. The Finance Committee optionally has non Works Council members and a semi-autonomous role in discussing/negotiating with the employer, for example to select external experts (to advise the Finance Committee on more complex topics that exceed the internal knowledge of the Finance Committee). In contrast, regular Works Council committees consist of Works Council members only.
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The
Finance Committee should have between three and seven members (all employees), including at least one (Central) Works Council member. Regular employees as well as executive management employees are eligible to be on the Finance Committee. The Finance Committee members serve the same term as the
72:
The
Finance Committee is currently defined in section §106 of the Works Constitution Act. If a Works Council exists and represents more than 100 permanent employees, they must establish a Finance Committee, or else it is a breach of their Works Council duty. Works Councils in smaller workplaces can
152:
The Works
Council however, can delegate specific tasks of the Finance Committee to other internal Works Council committees, which has advantage of being up to 22 members instead of 7 in larger Works Councils. German legislators had a practical concern that if a committee becomes too large, the
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Like the Works
Council, members of the Finance Committee serve on an honorary basis, without loss of wages from their regular work. This includes preparatory meetings in outside of mandatory monthly meetings with the employer.
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The company must also inform the
Finance Committee about its financial activities. 10 areas of financial reporting are explicitly outlined in §106(3) and §108(5) including potential
261:
337:
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rights, with decision making power on financial matters, but the employer reduced the scope of the committee to receiving information and limited consultation.
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If the
Finance Committee is not given adequate information, accessible documentation in good-time by management, the (Central) Works Council can call in a
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reporting. This list is not exhaustive, and other topics that are of financial interest to the works council are included as well.
80:, the Finance Committee becomes the responsibility of the Central Works Council. There is no corresponding responsibility for the
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also receive economic information under §80, however the Works
Council must then show the necessity of such information.
56:. The committee consisted of an equal number of members chosen by both the works council and the employer. Initially,
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According to §118, if a company is primarily religious, charitable, educational, political or artistic in nature e.g
149:(Central) Works Council, however they can be replaced at anytime by a majority vote of the (Central) Works Council.
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103:
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carry out its duties in a German legal entity. It has information rights and limited consultation rights.
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The
Finance Committee is different from other "committees" of the Works Council within the meaning of
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The
Finance Committee must meet with a representative of management on a monthly basis per §108.
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to mediate between the employer and
Finance Committee, and if necessary, make a binding
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body that analyses the financial situation in a company, in order to help the
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95:, then the Finance Committee is largely limited to financial planning during
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employer might be more reluctant to share financial information in full.
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The Finance Committee was first introduced in 1952 in section §68 of the
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184:
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96:
187:[Economic Information in Small Businesses.].
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on how and what financial information is furnished.
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de:ifb – Institut zur Fortbildung von Betriebsräten
185:"Wirtschaftliche Informationen in Kleinunternehmen"
280:"Der Sachverständige des Wirtschaftsausschusses"
282:[The Expert of the Finance Committee].
8:
254:The Practical Gudebook on Finance Committees
222:[Meeting of the Finance Committee].
60:proposed a Finance Committee that had full
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338:Oversight and watchdog organizations
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220:"Tagung des Wirtschaftsausschusses"
14:
1:
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278:Herschel, Wilhelm (1980).
125:, expansions/downsizing,
99:as defined in §111-112.
333:Works council (Germany)
317:Works Constitution Act
134:conciliation committee
54:Works Constitution Act
28:
78:Central Works Council
230:(6): 261–262. 1982.
93:Max Planck Institute
29:Wirtschaftsausschuss
22:Economic Committee (
183:Mayer, Udo (1991).
82:Group Works Council
38:financial advisory
18:Finance Committee
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284:Arbeit und Recht
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189:Arbeit und Recht
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123:employee layoffs
89:German Red Cross
62:co-determination
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319:(official text)
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127:profit and loss
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307:External links
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76:If there is a
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226:(in German).
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42:works council
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290:(1): 21–24.
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195:(1): 14–20.
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119:acquisitions
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97:mass-layoffs
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58:trade unions
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144:Composition
327:Categories
161:References
296:0003-7648
236:0031-5605
201:0003-7648
224:Personal
110:Activity
68:Legality
315:of the
264:. 2019.
48:History
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25:German
258:(PDF)
138:award
36:is a
313:§106
292:ISSN
232:ISSN
197:ISSN
16:The
104:§28
91:or
20:or
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288:28
270:^
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244:^
228:34
209:^
193:39
169:^
121:,
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27::
298:.
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33:)
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