Nachrichten aus der Corporate Governance Szene
Dear GBN readers, before we say goodbye to the (summer) break before the next ‘wave’, another “Bravo, Jens Wilhelm & Co.”! Who is he? Jens Wilhelm, member of the Board of Managing Directors of Union Investment, but also: member of the DCGK Commission (of which nothing has been heard for a long time) and member of the Board of Managing Directors and the Presidium of the Deutsches Aktieninstitut (also the …
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California-based electric car startup Lucid Motors has nominated former Mercedes CFO Frank Lindenberg to its “board of directors.” According to a report in Manager Magazine, shareholders of a SPAC called Churchill Capital IV are expected to elect the 57-year-old to the board on July 22. SPAC stands for special purpose acquisition company. These are publicly traded shell companies with no business operations that acquire a startup within two years of …
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Dear readers of GermanBoardNews, a house search at a former head of the supervisory board – that doesn’t happen every day. Last week, Wulf Matthias, the long-time chief controller of the scandal company Wirecard, was caught. And what Der Spiegel has to report about it sounds frightening indeed: according to the report, emails suggest that CEO Markus Braun, board member Jan Marsalek and Matthias jointly approved a dubious 100-million loan. …
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The ECB is urging banks to increase diversity on their management and supervisory boards. Is this an expression of the bank supervisors’ excessive desire to exercise power and influence? Dear conspiracy mystics and prophets of doom, you can get out right now. No blanket ECB bashing here. No whining that President Christine Lagarde is purposefully expropriating savers. And certainly no whispering that central banks are tools of “elites” with a …
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Dear GermanBoardNews readers, the sun has rediscovered Germany, Corona incidence values are falling and falling, the DAX is rising and rising – and Deutsche Bank continues to make corporate governance headlines. We read, for example, that the ECB has become involved in Paul Achleitner’s succession planning. Is it allowed to do that? As we have learned from the scandals surrounding Wirecard & Co, Bafin is responsible for supervising the German …
Read MoreVaccination is the only positive thing that’s ever happened to me in a gym. @Baetschilorette
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The scandalous Berlin Brandenburg Airport (BER) is getting a new head of the supervisory board: The head of the Berliner Wasserbetriebe, Jörg Simon, will replace Rainer Bretschneider on July 1. The 72-year-old former Brandenburg state secretary is leaving at his own request, the company announced. Bretschneider had taken over the office more than four years ago from Berlin Mayor Michael Müller (SPD). The Association of Supervisory Boards in Germany (VARD) …
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Why European companies could be targeted by Beijing’s autocrats after the G7 summit – and what supervisory boards and management boards can learn from an Australian wine merchant. US President Joe Biden forged a Democratic alliance against China at the weekend. Decision-makers should therefore urgently look into Tim Ford. Because the CEO of the Australian Treasury Wine Estates beverage group is already facing sanctions: China imposed punitive tariffs on wine …
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Dear readers of GermanBoardNews, researching, discussing, forming opinions: There is more work behind our analyses beyond the writing than I imagined when we launched GermanBoardNews six years ago. In the course of 232 issues, a lot has changed: We have discarded sections and introduced new ones, put the website www.germanboardnews.de in the spotlight and involved the corporate governance community more. Through it all, one thing has never changed: We are …
Read MoreStarting a speech with “welcome back everyone” at your buddy’s second wedding isn’t so smart now either…. @MSucrier
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Shortly after leaving the Merck pharmaceutical group, where he was replaced by Spaniard Belén Garijo at the beginning of the month, Stefan Oschmann joins the supervisory board of AiCuris. As the Düsseldorf-based company announced at the end of May, the former Merck CEO is joining the supervisory board and taking over as chairman. He thus replaces venture capital investor Helmut Jeggle, who had headed the supervisory board on an interim …
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Dear readers of GermanBoardNews, “Beep, beep, beep, we all love each other”: Nationwide falling incidence and rising vaccination figures, the Eurovision Song Contest and the Whitsun Festival with open holiday resorts and outdoor gastronomy. Who wants to burden themselves with negative or critical thoughts? It’s all for naught anyway, isn’t it? Maybe, but it’s exciting, what’s being offered on the stage of this year’s HV season. And it raises pressing …
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