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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Diversity

Top vs. Flop: Ertharin Cousin & Sigmar Gabriel

The Association of Supervisory Boards in Germany (VARD) has some time ago an own diversity ranking of the Dax supervisory boards presented. The idea behind this was that diversity is much more than the quota of women: it is about different ways of thinking, perspectives and networks. Therefore, one of the criteria of the ranking was the diversity of demonstrable relationships: Which committees are dominated by supervisory boards that are …

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Dieter Zetsche

Dieter Zetsche: Bonuses only for success? Where would we go..

We have to talk about manager salaries again. Because the news of the last two weeks has impressively illustrated how much is still in a mess. Thus, despite billions in losses, the board members of Dieter Zetsche are entitled to millions in bonuses – and are desperately trying to spare the supervisory board around Paul Achleitner from criticism. However, their voluntary partial waiver is “not a laudable insight, but an …

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Hauptversammlung

Achleitner or Pötsch: Who gets the bigger Rüffel?

The Bayer Supervisory Board got away with a black eye at last week’s Annual Stockholders’ Meeting: Unlike the Executive Board, the supervisors were discharged – but only by a two-thirds majority. This can be seen as a clear lesson for Supervisory Board Chairman Werner Wenning. According to Handelsblatt, “at least one major shareholder” of Deutsche Bank is playing with the idea of not ratifying the actions of the Supervisory Board …

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Olaf Scholz

State enterprise: Super Supervisory Boards Scheuer & Scholz?

For his proposal to pursue a more active industrial policy and promote “European champions”, Economics Minister Peter Altmaier (CDU) had to put up with criticism from regulators. However, two of his colleagues in the cabinet have long been acting as if politicians were better entrepreneurs: Federal Transport Minister Andreas Scheuer (CSU) seems to see himself at Deutsche Bahn as a kind of super-supervisory board that can set guard rails without …

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Paul Achleitner

Paul Achleitner: No more castling – also on the Supervisory Board!

A current study by the management consultancy Strategy& reveals worrying facts: Germany’s CEOs are staying on board for ever shorter periods of time. In 2017 alone, 24 of the 300 largest companies changed their CEO – more than in five years. The average”length of stay” has thus fallen to 5.1 years (international average: seven years). The main reason: Germany’s leaders often have to leave early – according to the study, …

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