DEHNEN.s Corner

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What Christian Sewing and Kasper Rorsted must ask themselves – and how companies lure loyal small shareholders.

Dear readers of GermanBoardNews, the AGM season has not yet really taken off – and yet we are already seeing some headlines that invite us to reflect. Deutsche Bank and Daimler – despite Corona – are reporting surprisingly high profits for 2020. And Deutsche Bank has another headline to its credit: The ECB is putting a damper on the bank’s bonus plans, the FAZ reported a few days ago. Other …

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Top vs. Flop

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Kramarsch vs. Singer & Co. – On the way to becoming an “Honest Investor”?

The danger of unholy alliances at the expense of companies is growing. We therefore need new guidelines for professional investors – and stronger supervisory boards. As you know, we are sceptical about the growing influence of investors on corporate governance. Not all readers are happy about this. We were recently told that we were “lumping all investors together”. So let’s be clear: We are aware that there are a number …

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Top vs. Flop: Supervisory boards, defend democracy!

Board of the Week

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Elektrotechnik

Supervisory Board of the Week: Thomas Dannenfeldt (Ceconomy)

Former Deutsche Bank CEO Jürgen Fitschen has left the supervisory board of Ceconomy AG (Media Markt, Saturn): At last week’s virtual annual general meeting, shareholders elected long-time Telekom manager Thomas Dannenfeldt to the supervisory body. Subsequently, the supervisory board members elected the 54-year-old as their new chairman as planned. Dannenfeldt worked for 26 years in various positions within the Telekom Group, most recently for four years as Chief Financial Officer …

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Guest Contributions

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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)