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Herbert Diess

VW boss Herbert Diess: Cultural change through new bonuses?

The problem with many compensation systems is that managers have great opportunities for lavish bonuses, but hardly any risks. Entrepreneurial thinking is not encouraged in this way – on the contrary: the system creates incentives to increase sales and/or profits in the short term, which is often at the expense of long-term development opportunities (keyword reputation). For this reason it is, in our view, a logical reaction to the diesel …

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Henriette Reker: Cologne code against Cologne clique?

Flops

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Klimaschutz Aufsichtsrat

Larry Fink & Joe Kaeser: Climate competence becomes a Greta question for supervisory boards

This figure has given us pause for thought: According to a study, only 22 percent of managers believe that their supervisory board pays comprehensive attention to climate protection. We therefore fear that multi-supervisory board member Barbara Kux (Henkel among others) is right when she states: “In the minds of many supervisory boards, the environmental issue has not yet been properly addressed” (see Handelsblatt commentary “How supervisory boards can learn from …

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New Public Governance Code: No more BER?

News from the Scene

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Friederike Helfer

Supervisory Board Member of the Week: Friederike Helfer (ThyssenKrupp)

A big change of seats on the Supervisory Board of ThyssenKrupp: At the Annual General Meeting at the end of next week, three members of the Supervisory Board will be leaving the board: Professor Bernhard Pellens, head of HSCB Germany Carola von Schmettow and former Cevian partner Jens Tischendorf. The former Ford manager Birgit Behrendt (60), Innogy finance director Bernhard Günther (52) and Friederike Helfer (43) from the major shareholder …

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Guest Articles

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Keynote speech at the 13th German Supervisory Board Meeting

The motto of the 13th German Supervisory Board meeting is “Thinking Corporate Governance Further”. And for good reason. Some of you will remember: last November, at the 12th DART, Rolf Nonnenmacher, Chairman of the Government Commission on the German Corporate Governance Code, spoke about his vision of the’fundamental revision of the Code’ announced six months earlier. At that time I had hoped that a lively, transparent debate would develop – …

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Guest contribution: Jens C. Laue (KPMG)