Investors & auditors carry wrong thinking into companies

How investors and auditors bring wrong thinking into companies Dear readers of GermanBoardNews, it sounds as if a profound conflict is brewing. Financial investors have threatened the Big 4 to vote against their reappointment at general meetings in future, Manager Magazin reported at the beginning of the month. PwC & Co. would finally have to ensure that “climate-related risks are adequately considered and disclosed in annual financial statements”. I wonder, …

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Luisa Delgado (Swarovski)

The Austrian crystal group Swarovski has “reconstituted” its board of directors and appointed several independent experts. According to a report in Manager Magazin, former SAP personnel manager Luisa Delgado has joined the board. The Swiss-born Delgado already sits on a number of boards and supervisory boards, for example at IKEA and the Finnish energy supplier Fortum. Other newcomers to the Swarovski board of directors include ex-Cartier manager Annalisa Loustau, ex-Jacobs …

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Africa – the blind spot of German management boards

A look at the boardrooms reveals this: It is no coincidence that many companies leave future markets in Africa to the left. Supervisory boards should address another diversity category. Siegfried Russwurm’s message to the young leaders was clear: Africa is a continent of opportunity, said the BDI President in his keynote speech at “AGYLE Week 2021”. The “African German Young Leaders in Business” (AGYLE) must now convince those who decide …

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ESG & Climate Protection: Without G there’s neither E nor S!

Without G, there’s no E or S: What ESG analysts and investors neglect Dear readers of GermanBoardNews, at the World Climate Conference in Glasgow – hopefully – important decisions are being made for the future of our planet. It is already clear that the summit will bring climate protection even more into focus, including for boards of directors, supervisory boards and shareholders ESG ratings will thus become even more important …

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Jackie Joyner-Kersee & Co. – the colourful birds on German supervisory boards

Veteran managers are increasingly being joined by dazzling personalities from the worlds of sport, politics and civil society. But are the newcomers really driving forces – or just fig leaves? The older ones among you will know them: Former world-class athlete Jackie Joyner-Kersee has sat on Adidas’ supervisory board since the annual general meeting in May. This is the first mandate for the 59-year-old, who supports children and young people …

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Oliver Blume (Bugatti Rimac)

Porsche boss Oliver Blume and his chief financial officer Lutz Meschke will in future oversee electric car pioneer Mate Rimac, which once began in a – yes – garage in Zagreb. The VW subsidiary announced Tuesday that the two top executives are moving to Bugatti Rimac’s supervisory board. The joint venture, which Rimac’s founder and namesake heads as CEO, began operations in early November. Porsche and the Croatian e-sports car …

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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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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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Veteran managers continue to dominate supervisory boards. Why this urgently needs to change.

Dear readers of GermanBoardNews, we are witnessing the next showdown between investors and the company: Shareholder advisory firm ISS has recommended that Tesla shareholders remove two board members – Kimbal Musk (brother of company CEO Elon Musk), and James Murdoch (son of media mogul Rupert Murdoch). Murdoch’s actions in particular seem to be a thorn in the side of ISS experts. He sits on central board committees and is therefore …

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