Tele Columbus

Supervisory Board of the week: André Krause (Tele Columbus)

On Friday next week, the showdown will take place at the Annual General Meeting of the Berlin-based fiber-optic network operator Tele Columbus (annual revenue 495 million euros). The major shareholder United Internet, which holds almost 30 percent of the shares, calls for a new start on the supervisory board and proposed six new controllers at the end of May – including two managers of United Internet subsidiaries, Claus Beck and …

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Deutsche Börse

Deutsche Börse: Why the Scale growth segment is failing

The new “New Market” comes under fire. The “WirtschaftsWoche” wrote at the beginning of June that “even dubious companies would advertise undisturbed for the money of private investors” via the Scale stock exchange segment. Deutsche Börse wanted to avoid exactly that when it opened the segment for founders and medium-sized companies two years ago: scandals such as those on the “Neuer Markt” were under no circumstances intended to shake confidence. …

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Saori Dubourg

Saori Dubourg: Initiative against shareholder value excesses

The pressure from investors who are looking for fast money can prevent good corporate governance. A classic example is share buybacks at the expense of future investments. That’s why we’ve been asking ourselves this question for some time: How can the influence of activists and speculators be limited without limiting shareholder rights? To put it bluntly: How do we turn the stock exchange from a playground for gamblers into a …

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Kodex

While we wait for the new code, we should take a look over the fence – to Belgium. What we can learn there and what the third wave of corporate governance has to offer

The new Corporate Governance Code of our Belgian neighbours shows how it works: short, concise, to the point – ten principles and a manual point the way. There you go. So I ask myself: Why can’t we do something like this in Germany? There are several other contemporary examples from more recent times. There’s a lot going on internationally. And the German (“dual”) system of corporate governance is a model …

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Kodex

The mountain crossed and gave birth to a little mouse (after Horace). We have a new Corporate Governance Code that nobody needs. Wipe your mouth, continue!

Finally the waiting is over. The so-called government commission passed the draft of a new code a week ago – and put it in the drawer for the time being. Now everyone is waiting for the adoption of ARUG II, and only then will the draft code – adapted to the law – be submitted to the new Federal Minister of Justice (perhaps it will also – at least temporarily …

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After the Annual General Meeting: Deutsche Bank looks for alternative to investment manager Garth Ritchie

Frankfurt Deutsche Bank is preparing for the departure of its investment banking boss. The top is looking for alternative candidates. Deutsche Bank is preparing for a possible departure of Garth Ritchie. The bank was looking internally and externally for alternatives in case the investment banking board should leave the bank, several persons in charge of the facts told the Handelsblatt. So far, however, the bank has not found what it …

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Andy Gu: Chinese Kuka Chairman of the Supervisory Board: “Our investors were definitely not satisfied”

Midea representative Andy Gu mediates between the worlds on the supervisory board. At the Kuka Annual General Meeting, he backs up CEO Mohnen. Munich. Andy Gu put on a tie in Kuka orange for the shareholders’ meeting. The chairman of the supervisory board and representative of the Chinese owner Midea wants to show his colours at the general meeting of the robot manufacturer after turbulent months. At the end of …

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Rainer Hillebrand

Supervisory Board of the Week: Rainer Hillebrand (Otto Group)

Only one month after his retirement at the end of April, former Otto board member Rainer Hillebrand joins the supervisory board of the Hamburg trading giant. According to Manager Magazin, the 63-year-old will replace Wolfgang Lindner, also a former Otto manager, as of 1 June. Hillebrand is regarded as the initiator of cultural change and has therefore had a strong influence on the company in recent years. After an almost …

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ThyssenKrupp

ThyssenKrupp: Women’s duo determine the fate of the industrial icon

A few days ago, a study hit the headlines according to which men occupy key positions on Germany’s supervisory boards. At least at ThyssenKrupp things are different: there the new committee chairman Martina Merz and Ursula Gather from the major shareholder Krupp Foundation are now in charge. After the turbulences of recent months and in particular the sudden change of strategy, it is now up to two women to decide …

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CFO News

CFO-News: Leoni, Heidelberger Druckmaschinen, Tele München

Ingrid Jägering becomes CFO at Leoni, CFO Dirk Kaliebe leaves Heideldruck and Joachim Scheuenpflug joins KKR’s new media company – the CFO News of the Week. Leoni finds new Chief Financial Officer Ingrid Jägering becomes the new CFO of the automotive supplier Leoni. She is to take up her position as CFO by 1 October at the latest. However, an earlier start to work is possible, the company announced. The …

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