Strenger is a vocal proponent for improvement in German corporate governance practices, where cross-shareholdings and insignificant disclosure levels have been commonplace.

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Eldar co-authored his Guardian article with his comrade Carlo Strenger.

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Germany's corporate governance code, introduced in February 2002, is "a big step in getting German companies to think the right way, " says Christian Strenger, director at German mutual fund house DWS Investment.

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