ELI5: Explain Like I'm 5

Rhenish model

Okay, think about a yummy cake. The cake has different layers, right? The Rhenish model is kind of like that - it's a way of organizing things with different layers, but instead of cake layers it's about how people make decisions in a company or organization.

So, in a Rhenish model, there are different parts or layers that make up the decision-making process. The first layer is the shareholders - these are the people who own the company or organization. They're kind of like the moms and dads of the cake - they own it and decide what to do with it.

Then there's another layer called the management board. These are the people who make the big decisions about how the cake will be made and what it will look like. They're sort of like the chefs who decide what kind of cake to make and how to decorate it.

The next layer is the supervisory board. These are sort of like the tasting panel - they make sure the cake tastes good and is made correctly. They check up on the management board and make sure they're doing a good job.

Finally, there's the workers - the people who actually make the cake. They're like the bakers who mix the ingredients and put the cake together.

So, in a Rhenish model, all of these different layers work together to make decisions and run the company or organization. It's like the different parts of the cake working together to make a delicious treat!