Frauenquote

Percentage of women: Why Villeroy & Boch did not find a member of the Supervisory Board

As only recently became known, the traditional ceramic manufacturer Villeroy & Boch was unable to fill a position on the Supervisory Board due to the proportion of women at the beginning of the year – according to Handelsblatt as the first German company. The reason: The employees, who make up five of the twelve supervisory boards, elected only one and not two women – as aimed for. “Except for one …

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Rolf Nonnenmacher

Code reform: Rolf Nonnenmacher criticizes his predecessors

Der Vorsitzende der Regierungskommission Deutscher Corporate Governance Kodex, Rolf Nonnenmacher, hat seinen Vorgängern laut einem Bericht der Börsen-Zeitung ein schlechtes Zeugnis ausgestellt. Sie hätten bisweilen erst mit Zeitverzug auf aktuelle Diskussionen reagiert und den Kodex geändert, monierte der frühere KPMG-Deutschland-Chef dem Bericht zufolge auf der DVFA Governance & Stewardship Konferenz in Frankfurt: „Hier hätte mehr getan werden können.“ Durch die Zurückhaltung sei eine Diskrepanz zu den Erwartungen der Investoren entstanden, …

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DFL-Aufsichtsrat

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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Kodex

Code as guard rail?

Dear readers, a few days ago I was surprised by an article in the Börsen-Zeitung. Under the heading “Supervisory boards value the Code as a guard rail”, the paper reported on a survey of three supervisory board associations, according to which inspectors “feel supported by the Code in the majority of their activities”. I can only say that the mood among VARD members and in my network is different. In …

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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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