DEHNEN.s Corner

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Will supervisory boards have to call Greenpeace in future? Comments on the EU Governance Directive

Dear readers of GermanBoardNews, important decisions by boards of directors and supervisory boards could be significantly delayed in the future. With the “Directive on Sustainable Corporate Governance”, the EU is planning new due diligence requirements for decision-makers and expanded legal action options for civil society groups. The Commission intends to present a first draft this month. At the heart of the rules is the obligation to take into account the …

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What remains of the work of a supervisory board?

Top vs. Flop

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Adler Group: How trustworthy is the Board of Directors?

After Wirecard and Grenke, shortseller Fraser Perring is taking aim at the real estate group Adler Group. We have therefore taken a look at the controllers of the S-Dax company. Let’s start with self-criticism: We addressed the serious weaknesses of the Wirecard Supervisory Board early on, but were too quick to be satisfied after several new appointments. The subsequent scandal therefore made us realise that good Supervisory Board members do …

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Board News

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Axel Hefer (Patrizia AG)

The Augsburg-based real estate group Patrizia has expanded and almost completely replaced its Supervisory Board: At the Annual General Meeting, the shareholders elected four new members to the now five-member body. Among the newcomers are Trivago CEO Axel Hefer (44), Doctolib COO Philippe Vimard (47) and FinTech entrepreneur Jonathan Feuer (59), three digital managers. Axel Hefer may also be known to some as the head of the supervisory board of …

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Pier Paolo Righi (Tengelmann)

New to the Supervisory Board: Uwe Hück (Bownce AG)

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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