DEHNEN.s Corner

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Sovereign wealth funds out of the supervisory boards: an appeal to Marco Buschmann and Theodor Weimer

Dear readers of GermanBoardNews, in the economic war between democracies and dictatorships, are companies now being targeted? The attack by Singapore’s sovereign wealth fund Temasek on Bayer Management Board member Werner Baumann makes me wonder. There are good reasons for Bayer’s criticism; I, too, am skeptical about some of its activities. But the timing raises serious questions (see our current analysis). Shareholder advocates have, in my view, rightly criticized the …

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Top vs. Flop

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Bayer & Temasek – the economic war reaches the AGM season

There are good reasons to criticize Bayer’s strategy. But the fact that the sovereign wealth fund of an autocratic country is blowing the whistle right now should set alarm bells ringing. Bayer is facing a turbulent Annual Stockholders’ Meeting on April 29. This year, opposition is coming not only from the usual suspects, but also from major shareholder Temasek. The Singapore sovereign wealth fund, which holds four percent of the …

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Board News

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Yngve Slyngstad (Deutsche Bank)

At Deutsche Bank’s Annual General Meeting on May 19, the long-time head of the Norwegian sovereign wealth fund will stand for election to the Supervisory Board: Yngve Slyngstad is to replace former Google security chief Gerhard Eschelbeck, who is stepping down after five years. The 59-year-old Norwegian led the world’s largest sovereign wealth fund for 13 years, where he focused on high ESG standards at an early stage. His nomination …

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Quizz

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Unternehmensverfassung

Is it possible for German stock corporations to align their organization with the monistic system of corporate governance?

1. Yes, since 2004 there has even been an obligation to the European public limited company under the so-called SE Implementation Act. 2. No, German stock corporations must always be organized according to the dualistic system. 3. Yes, since 2004 there has been a choice between a dualistic and a monistic system as a result of the so-called SE Implementation Act on the European stock corporation. 4. Yes, but then …

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