What Christian Sewing and Kasper Rorsted must ask themselves – and how companies lure loyal small shareholders.

Dear readers of GermanBoardNews, the AGM season has not yet really taken off – and yet we are already seeing some headlines that invite us to reflect. Deutsche Bank and Daimler – despite Corona – are reporting surprisingly high profits for 2020. And Deutsche Bank has another headline to its credit: The ECB is putting a damper on the bank’s bonus plans, the FAZ reported a few days ago. Other …

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Ulrich Lehner

ThyssenKrupp: Erst Brandbrief an Gather, dann Rücktritt von Lehner

Seit dem Rücktritt von Heinrich Hiesinger überschlagen sich bei ThyssenKrupp die Ereignisse. Vorläufiger Höhepunkt: Am Montag erklärte Aufsichtsratschef Ulrich Lehner seinen Rücktritt zum 31. Juli. “Ich gehe diesen Schritt bewusst, um eine grundsätzliche Diskussion bei unseren Aktionären über die Zukunft von Thyssen-Krupp zu ermöglichen“, sagte Lehner. Sein Schritt werde hoffentlich das Bewusstsein bei allen Beteiligten dafür schärfen, „dass eine Zerschlagung des Unternehmens und der damit verbundene Verlust von vielen Arbeitsplätzen …

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Machtwort

Deutsche Börse & ISS – Is the influence of institutional investors on corporate governance standards and management growing?

Dear readers of the GermanBoardNews, in the past few days, there has been even more activity in Corporate Governance Germany than we had expected. Without wanting to define priorities, we will only be able to deal with some topics in greater depth in the coming issues. I am thinking here of the new quota regulation for members of the Management Board and the Wirecard Committee of Inquiry (as well as …

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Anzug

Hasso Plattner vs. Manfred Bischoff: Our Supervisory Board of the Year 2020

Age does not protect you from performance: Why the head of the SAP supervisory board did many things right this year – and what his counterpart at Daimler missed out on. Admittedly, at first glance there is little to speak for Hasso Plattner as “Supervisory Board of the Year 2020”: First, co-chair Jennifer Morgan had to take her hat off after only six months. Then the Group revised its forecast …

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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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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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