Die Ghosn-Affäre wirft immer wieder neue Fragen auf

Die Verhaftung von Renault Chef Carlos Ghosn bringt nun auch Nissan in Bedrängnis. Der japanische Teil der Gruppe wird von Ermittlungen der Staatsanwaltschaft bedroht. Auch neue Verschwörungstheorien machen die Runde. Die Verhaftung von Renault Nissan-Chef Carlos Ghosn besetzt nun auch die Politik Frankreichs und Japans auf höchster Ebene. Der japanische Wirtschaftsminister Hiroshige Seko wird am Donnerstag in Paris mit seinem französischen Amtskollegen Bruno Le Maire über die französisch-japanische Auto-Allianz und …

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Soccer Bundesliga: Who will be the new DFL Supervisory Board Chairman?

Amazingly good news from German professional football: The German Football League (DFL) – an association of first and second division clubs – wants to strengthen its supervisory board. As the “kicker” reports, the 36 DFL members are to “elect a chairman of the supervisory board” next year, who will replace the president as “supreme representative”. In addition, the supervisory body is to be expanded from six to nine members. According …

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Peter Löscher

Supervisory Board of the week: Peter Löscher

Former Siemens CEO Peter Löscher plans to resign as Chairman of the Supervisory Board of the Austrian oil and gas group OMV next year. The 61-year-old announced at the end of last week’s Annual General Meeting on May 14, 2019 that he would leave the company. According to media reports, the reason for the decision is that the native Carinthian dislikes the route of the conservative right-wing populist government and …

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David Bonderman

Ryanair Chairman David Bondermann: If you don’t keep up with the times..

… goes with the times. Ryanair Chairman David Bonderman should take this wisdom to heart. Because the 75-year-old billionaire increasingly gives the impression that he wants old times back. Last year, for example, he had to leave the board of the US mobility service provider Uber after a derogatory remark about women. In response to a plea by his board colleague Arianna Huffington (Huffington Post) for more women in management …

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Kasper Rorsted

Bäte, Ploss, Rorsted & the Nationalism: Reinforcement for Joe Kaeser

Thoughtful sounds by Kasper Rorsted: In an interview with DIE ZEIT, the Adidas boss replied to the question whether he supported Siemens boss Joe Kaeser when he warned of”emerging nationalism and racism in Germany”:”Before Chemnitz, I would have said: No. Maybe now I have to reconsider that” Other top managers have already done so and have taken a clear stance in recent days. Many people hate, envy and call for …

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Elmar Degenhart

Manuel Theisen vs. Elmar Degenhart: A Call for Moderation

The much-discussed”brand letter” to more than 400 executives of automotive supplier Conti was followed by a”fire interview” on Friday: Corporate governance expert Manuel Theisen described the letter as an admission by the Executive Board that it”failed in management” – and de facto demanded the resignation of CEO Elmar Degenhart:”Basically,” according to Professor Theisen, one sentence was missing from the fire letter:”And for this reason I resign immediately” To put it …

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Uli Hoeneß

Bavaria supervisory board: Hoeneß holds on to Winterkorn and Stadler

The chairman of the supervisory board of FC Bayern Munich, Uli Hoeneß, continues to rely on Martin Winterkorn and Rupert Stadler. In an interview with the Frankfurter Allgemeine Sonntagszeitung he emphasised that the two members of the Bayern supervisory board are only accused in the Diesel scandal for the time being, “as long as that is the case, I don’t have to go and forget everything they have done for FC …

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Rolf Martin Schmitz

RWE CEO Rolf Schmitz:”Investor pressure is growing

The energy company RWE wants to start clearing a hundred hectares of forest in the Hambach Forest in October in order to mine coal there. But criticism is growing in the run-up – not only from environmental activists, but also from investors who across a broad front are demanding a quicker departure of the group from the coal business. Winfried Mathes, corporate governance expert at Deka, now told WirtschaftsWoche – …

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Mark Wilhelms

Supervisory Board of the week: Norma finds replacement for Stefan Wolf

Following the inglorious departure of Supervisory Board Chairman Stefan Wolf, who was voted out of office at the Annual General Meeting in May, the supervisory body of the industrial and automotive supplier Norma Group is once again complete: The MDax company has appointed Stabilus CFO Mark Wilhelms to its six-member Supervisory Board. The manager has”many years of experience and expertise both in the financial sector and in information technology,” was …

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Investors: How aggressive men drive companies before them

Shareholders who put loud pressure on board members and supervisory board members usually have testosterone in their blood: Guys like Guy Wyser-Pratte, Paul Singer (Elliott) and Daniel Loeb (Third Point), who radiate a subliminal aggression, dominate the scene of activist investors. Women of similar calibre are not yet in sight, and men also dominate among traditional investors: A recent survey by KPMG with the Fund Women Network shows that the …

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Personal Governance

Personal Governance: DWS defines the independent Supervisory Board

The Supervisory Board, as stated in the professional principles of the Association of Supervisory Boards in Germany (VARD) under the keyword”independence”, should exercise its mandate”self-determined and free from third-party influences”. But when exactly are supervisory boards”independent”? Corporate governance expert Michael Schmidt (DWS) and Julia Redenius-Hövermann (Frankfurt School of Finance) have now shed light on this. In their analysis, which is worth reading, they take the view that supervisory boards representing …

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