Several structural governance problems in Germany have not been addressed due to a lack of inclusivity. Income inequalities have escalated through the early 2000 years, and this problem has affected many business entities in Germany. Wirecard Company, there was a lack of integrity due to non-inclusivity, which was the reason why the market was bullish about Wirecard Company. With inequality, automatically, there is no equitable distribution of resources among the employees and the clients for a given company.
Ensuring Growth is Inclusive
To curb the several structural governance problems in Germany, the government must ensure growth inclusivity. Income generation should be distributed equally so that when taxing people, the tax is similarly measured across the people. Equally, there should be no favors to specific individuals, as this will not portray a good image.
German domestic revenue has improved ever since 2007, benefiting revenues at equal conclusions of the spectrum, thanks to a strong labor market. This is in blunt disparity with several other European nations. Taxes and social benefits have also had a redistributive effect. Conferring to the utmost new figures, the German tax-benefit system lessens disparity amongst working-age people by about 30%, more significant than most OECD countries.
Upgrading skills and Promoting Entrepreneurship
Young Germans may not have seen the same effects as their European counterparts because of the economic crisis. However, there is still room for school transformations to enhance employability between newer age sets. Efforts to increase postsecondary education possibilities for economically challenged populations, such as by easing the changeover after a high-performing professional scheme, could, for example, aid in reducing communal barring, lessen disparity, and expand hire results.
Concerning the Wirecard Company, the government of Germany should not have allowed it to fall drastically. Since the company employed the digital transaction of money and collaborated with many brands, it could have helped grow Germany’s economy. The government should have assisted in building Wirecard Company back and ensured that everything was well funded and got the revenue from the company.
Communication and interaction by the company with its investors and other stakeholders
The company’s employees, the stakeholders, and the investors have a better understanding of their company. In most cases, the employees who interact with the customers better understand what should be done to satisfy the customers. In any business, the clients are always given priority since they are the ones who purchase the goods and make online transactions. A positive interaction between the stakeholders, employees, and investors will always bring about good governance, which will help the company grow steadily and competently.