Kramarsch vs. Singer & Co. – On the way to becoming an “Honest Investor”?

The danger of unholy alliances at the expense of companies is growing. We therefore need new guidelines for professional investors – and stronger supervisory boards. As you know, we are sceptical about the growing influence of investors on corporate governance. Not all readers are happy about this. We were recently told that we were “lumping all investors together”. So let’s be clear: We are aware that there are a number …

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Deutsche Börse

Corporate Governance: How Theodor Weimer can make the stock exchange a better place

Dear reader of GermanBoardNews, theodor Weimer is currently one of the most sought-after decision-makers. His appointment to the Supervisory Board of Deutsche Bank has met with a positive response far beyond the financial sector. Dissenting voices were raised only because there were fears in Deutsche Börse’s environment that he could replace Paul Achleitner as Chairman of the Supervisory Board as early as 2022 – and therefore leave as CEO. That …

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Top vs. flop: Saori Dubourg, Donald Trump and the stock market

In the corona crisis, the stock markets have moved far away from reality – especially in the USA. This underlines the fact that prices and indices are poor indicators for assessing economies and companies. Can we change this?   If the future is traded on the stock exchange, the Corona pandemic will soon be over. During the week, the major indices almost returned to pre-crisis levels – even in the …

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Tim Höttges

Supervisory Board of the week: Tim Höttges (Daimler)

Daimler Supervisory Board Chairman Manfred Bischoff has found a well-known successor for the outgoing Paul Achleitner: At the Annual Meeting, shareholders are to elect Telekom CEO Tim Höttges to the supervisory body. For the 57-year-old, this would be “the first relevant position on a German supervisory board,” the Handelsblatt commented. Tim Höttges is “a proven expert for digitalization in telecommunications”, Bischoff praised according to a statement by the company. He …

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What will corporate governance look like in 2029? A scenario – and a call to decision-makers.

We look to the future. Today I would like to take you on a little time travel to the year 2029. Imagine you are reading – as usual – your GermanBoardNews on Friday morning. One article refers to the “GCGS”, the Global Corporate Governance Standard, which was introduced five years ago, in 2024, as a result of a concerted action by the OECD and UN, inspired by the concept of …

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Christoph Brand

Supervisory Board of the week: Christoph Brand (Scout24)

Pelham Capital has asserted itself: Christoph Brand has surprisingly moved into the supervisory board of the portal operator Scout24 (Autoscout24, Immobilienscout24) at the suggestion of the hedge fund. The Swiss media manager had received around 54 percent of the votes, Supervisory Board Chairman Hans Holger Albrecht announced following the Annual General Meeting last Friday. The majority of shareholders thus opposed the company’s management, which had been nominated by Mathias Hedlund, …

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Olaf Berlien & Mathias Döpfner: Expulsion from Paradise

More and more companies are fleeing the stock market. According to the Handelsblatt, the number of regularly listed companies has fallen from 761 to 464 in the last ten years. And the trend is accelerating; Axel Springer and Osram recently announced a withdrawal – with similar arguments: The CEOs Olaf Berlien and Mathias Döpfner needed time for the digital transformation and could not use shareholders who would go on the …

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Curevac AG

Supervisory Board of the week: Timothy Wright (CureVac AG)

The shareholders of Tübingen-based CureVac AG have elected two new Supervisory Board members. This was announced by the biotech company at the beginning of the week. As a result, the Supervisory Board has expanded from six to eight members – in line with the motto the more the better. “We are very pleased to welcome Tim Wright and Craig Tooman as new board members,” said Ingmar Hoerr, chairman and co-founder …

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Rheinmetall stock after the AGM: What investors should know now

On Tuesday, Rheinmetall invited its stockholders to its annual stockholders’ meeting in Berlin. The automotive supplier and defence group impressed with a strong 2018 fiscal year, a good first quarter of 2019 and sees itself on course for the current fiscal year. What happens next for the MDAX company, what the share does, what investors need to know. Things could get worse for the Düsseldorf-based technology group Rheinmetall: order books …

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Supervisory Board Chairman Wolf and the dismantling of the year

In this year’s AGM season the time had come. After shareholders had often barked but not bitten before, they overthrew a prominent Chairman of the Supervisory Board: Stefan Wolf, Chief Controller of the MDax-listed industrial and automotive supplier Norma, received only 49.6 percent of the votes at a spectacular Annual General Meeting. Investors and shareholder advisors were particularly disturbed by the heavy workload at Wolf, who is still CEO of …

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Rolf Buch

Vonovia CEO Rolf Buch: In the service of shareholders AND tenants?

Some investors would not like to hear that: When asked to whom he feels more committed (the tenants or the shareholders), Vonovia CEO Rolf Buch replied in an interview with Spiegel: “Both. We have to find a balance, that’s our job.” Of all people, the man that some consider to be the prime example of a profit-fixed real estate capitalist is thus an opponent of the shareholder value concept – …

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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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