Verantwortungseigentum

Karl Marx, Michael Otto and the “ownership of responsibility

The initiative for a new legal form meets with resistance – because of an unfortunate choice of name and biting reflexes. At its core, it is about optimal conditions for good corporate governance. If Karl Marx had still experienced this: Capital is struggling to be allowed to expropriate itself. Because the “GmbH in Verantwortungseigentum”, which wants to establish an entrepreneurial and expert initiative as a new legal form, is supposed …

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Dank

A new VARD team for turbulent times

Dear readers of the GermanBoardNews, today I would like to express my sincere thanks to four long-standing comrades-in-arms: Dietmar Kuhnt, Stephan Kufferath, Wilhelm Haarmann and Carl-Dieter Wuppermann have shaped the Association of Supervisory Boards in Germany (VARD) with their commitment, expertise and humanity. Their commitment to the professionalisation of our profession and responsible corporate governance deserves the highest recognition! At the same time, I am pleased that we have been …

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Lektüre

Recommended for reading: The current press review of the GBN editorial office

‘Manfred Knof to become new Chairman of the Board of Managing Directors of Commerzbank’ An exciting personnel question has been clarified. Here you can read the article Siemens boss announces phase-out of coal-fired power Supervisory board chairman Joe Kaeser expects a withdrawal from coal. Here you can read the article ‘Zetsche does not want any more’ The former head of Daimler will not become head supervisor after all. Is a …

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Corporate-Governance

Bundestag & Börse: Drivers of a system and cultural change?

Dear readers of the GermanBoardNews, the call was answered! With a little pride and fresh confidence I write this sentence. Because after the Wirecard scandal, which was made possible by a complete system failure (also at Supervisory Board level), something is finally happening in Corporate Germany – on two levels. Firstly, the Bundestag’s committee of inquiry into Wirecard will take up the governance system issue, as can be seen from …

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Wirecard

Wirecard is a wake-up call! We need a corporate governance master plan.

Dear readers of GermanBoardNews, while the German government is acquiring shares in Lufthansa and ‘delegates’ its representatives to the Supervisory Board, the other prominent shareholder, Commerzbank, has the Chairman of the Board of Managing Directors and the Chairman of the Supervisory Board, because they obviously cannot/do not want to withstand pressure from an investor (see our top vs. flop today). I would like to first of all dedicate myself again …

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Deutsche Börse

The Wirecard case proves: Corporate governance regulations in Germany have reached their limits. It is time for a change of course!

Dear readers of the GermanBoardNews, what is going on in Corporate Germany? We dealt with Lufthansa on several occasions, and then Wirecard suddenly surprised us. Really? Yes. I too was inclined to see the company with rose-colored glasses. After all, Wirecard has brought reputable supervisory board members on board in the last two years (and, by the way, has a quota of women that exceeds everything else). Further Supervisory Board …

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In the future, too, “good corporate governance” will be needed to stay on course. However, the way leadership is to be understood is changing, because the general conditions are changing at an incredible speed.

We spoke with Ms. Korsch and Mr. Merkens about #FutureGoodGovernance.                 Marija Korsch Chairman of the Supervisory Board of Aareal Bank           Mr. J. Merkens Chairman of the Management Board of Aareal Bank   A ship needs a captain. There is much talk about new management concepts, about participation and freedom. How much leadership will a company still need …

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Thiele

Top vs. flop: Heinz-Hermann Thiele – lateral thinker or lateral driver?

The exchange of blows between Lufthansa’s major shareholder Thiele, management, and the German government shows We need more entrepreneurial spirit in the corporations.   Heinz-Hermann Thiele is a wanderer between two worlds: On the one hand, the owner of Knorr-Bremse is a genuine medium-sized entrepreneur with a patriarchal habitus. On the other hand, the 79-year-old skilfully moves in the habitat of top managers, investment bankers and M&A lawyers, as he …

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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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Börse

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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Lufthansa

The state is not a good entrepreneur. The rescue fund WSF should therefore dispense with detailed specifications – and instead define central governance principles.

Dear readers of GermanBoardNews, the debate on the entry of the state rescue fund WSF into Lufthansa is in full swing. The result will have a signal effect: It is about nothing less than the question of whether we are heading for a state economy. Will politicians and ministry officials decide in future on the course of the companies that the taxpayer is rescuing? This would be devastating for the …

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