Corporate-Governance

The tragedy of the supervisory boards

Dear readers of GermanBoardNews, Following the corporate governance scandals of recent weeks, supervisory boards and in particular the chairmen of executive bodies have increasingly come under fire, and there has even been talk of a “clone cartel”. However, despite their willingness to reflect on themselves, it should be pointed out that in many cases supervisory board chairmen are driven because major shareholders and aggressive financial investors exert pressure – and …

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Armin Laschet

Armin Laschet vs. Stephan Weil: Who is the father of corporate governance?

Stephan Weil fights tirelessly for the automotive industry. Anyone who says that in ten years’ time there will no longer be any combustion engines will “see the most important industry in this country against the wall”, said the SPD politician last week. The problem: As a listener one wonders who is speaking – the Prime Minister of Lower Saxony, who is committed to the welfare of all citizens? Or the …

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Corporate Governance

Achleitner & Merz: Guiltless guilty? The tragedy of the supervisory boards

ThyssenKrupp, Deutsche Bank, Volkswagen: 17 years after the publication of the German Corporate Governance Code, one scandal follows another. At the same time, criticism of Germany’s supervisory board chairmen as the supreme guardians of corporate culture is growing, understandably. WirtschaftsWoche, for example, recently stated a “cartel of clones” which, despite all the diversity Sunday speeches, led to monocultures in management. That’s true, but if you think we just need new …

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Zeitreise

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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Tönnies

Tönnies: bitter feud over advisory councils, pigs and water corpses

As if Clemens Tönnies didn’t have enough trouble at the moment, the quarrel with his nephew Robert is again completely inflamed. This time it is about the Group Advisory Board, which was set up in the course of the “Peace of Westphalia” a good two years ago: As we feared at the time, the committee has become “the nucleus of new conflicts”. According to Manager Magazin, Robert Tönnies accuses the …

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Börse

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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St. Pauli

FC St. Pauli: The Governance Champion in Professional Football

Almost a year ago, we described Andreas Rettig as a “governance mastermind” in professional football. The managing director of FC St. Pauli had warned against opening up the Bundesliga to investors at the time – and had put forward weighty business arguments instead of nostalgic ones. We are in line with him and are convinced that good corporate management is the key to improving the international competitiveness of German football. …

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Kodex

#FutureGoodGovernance – New concepts for new times: For the “third wave” we need supervisory boards and management boards with backbones. If you don’t want to get into trouble, you’ve had your day.

At the beginning of the school holidays in North Rhine-Westphalia, let us allow ourselves a short break from corporate governance and artificial intelligence. Let’s talk about the people who should shape the future and who bear the responsibility for transformation and corporate culture. In other words, let’s talk about the human side of supervisory boards and boards of directors. Let’s talk about personal governance. An article in the world has …

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Kodex

While we still think in terms of tried and tested structures, disruptive corporate governance models are increasingly being discussed at the international level. High time to get into the debate – for example on the DART.

There is a lot of talk about the competencies of supervisory boards – and lately, it seems to me, especially often. Numerous experts (especially those who have never worked in a supervisory board themselves) give good advice. Matrix tables are propagated and companies should make ‘transparent’ (= public) what the ‘mix’ of the supervisory board looks like. Is this perhaps the next playing field for the Government Commission on the …

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Deutsche Börse

Deutsche Börse: Why the Scale growth segment is failing

The new “New Market” comes under fire. The “WirtschaftsWoche” wrote at the beginning of June that “even dubious companies would advertise undisturbed for the money of private investors” via the Scale stock exchange segment. Deutsche Börse wanted to avoid exactly that when it opened the segment for founders and medium-sized companies two years ago: scandals such as those on the “Neuer Markt” were under no circumstances intended to shake confidence. …

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Kodex

While we wait for the new code, we should take a look over the fence – to Belgium. What we can learn there and what the third wave of corporate governance has to offer

The new Corporate Governance Code of our Belgian neighbours shows how it works: short, concise, to the point – ten principles and a manual point the way. There you go. So I ask myself: Why can’t we do something like this in Germany? There are several other contemporary examples from more recent times. There’s a lot going on internationally. And the German (“dual”) system of corporate governance is a model …

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Regierungskommission

The Code is still a long time coming. And who knows – maybe at least a small litter will succeed? The government commission must be measured against these four criteria.

The day for which the Government Commission on the German Corporate Governance Code has eagerly awaited has arrived: Today, Friday, the Federal Council is dealing with the new ARUG II shareholder rights directive, which nobody really loves. And although the Bundestag’s Legal Affairs Committee scheduled a public hearing on the same subject on 5 June, the Government Commission now wants to conclude the Code Reform: Commission President Rolf Nonnenmacher scheduled …

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