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Saori Dubourg: Initiative against shareholder value excesses
The pressure from investors who are looking for fast money can prevent good corporate governance. A classic example is share buybacks at the expense of future investments. That’s why we’ve been asking ourselves this question for some time: How can the influence of activists and speculators be limited without limiting shareholder rights? To put it bluntly: How do we turn the stock exchange from a playground for gamblers into a …
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Flops
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Deutsche Börse: Why the Scale growth segment is failing
The new “New Market” comes under fire. The “WirtschaftsWoche” wrote at the beginning of June that “even dubious companies would advertise undisturbed for the money of private investors” via the Scale stock exchange segment. Deutsche Börse wanted to avoid exactly that when it opened the segment for founders and medium-sized companies two years ago: scandals such as those on the “Neuer Markt” were under no circumstances intended to shake confidence. …
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News from the Scene
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Supervisory Board of the week: André Krause (Tele Columbus)
On Friday next week, the showdown will take place at the Annual General Meeting of the Berlin-based fiber-optic network operator Tele Columbus (annual revenue 495 million euros). The major shareholder United Internet, which holds almost 30 percent of the shares, calls for a new start on the supervisory board and proposed six new controllers at the end of May – including two managers of United Internet subsidiaries, Claus Beck and …
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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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