Tops
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Stock exchange & quarterly reports: Oliver Bäte on Wiedeking’s tracks
We could write a lot of critical things about Wendelin Wiedeking, but he was right on one thing: The long-standing Porsche boss has persistently resisted the idea that companies on the stock exchange must publish quarterly reports. “We don’t even want to get into the short-winded view, which is based on quarterly targets,” Wiedeking once told Der Spiegel. Almost 20 years later, Allianz CEO Oliver Bäte is following in Wiedeking’s …
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Flops
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Zapf & Co: The latest lessons from the history of the robbers
You remember Klaus Zapf? The quirky removal company, who died in 2014, kept Germany’s stock corporations on the go for years. Many considered him to be the epitome of a “predatory shareholder” – the species, in other words, that species which blocked AGM resolutions with actions for rescission in order to force companies to make expensive settlements. At peak times, stock corporation lawyer Theodor Baums identified more than 40 so-called …
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News from the Scene
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Supervisory board of the week: Christian Klein (Adidas)
After 16 years, eleven of which as head of the supervisory board, Igor Landau takes his hat off: At the Adidas annual general meeting on 14 May, the 75-year-old Frenchman will not stand for election. Thomas Rabe (54) will succeed him as Chairman of the Supervisory Board, as the company announced a few days ago after a Supervisory Board meeting. The Bertelsmann boss has controlled the sporting goods giant since …
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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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