Supervisory Board of the Week: Why the Wirecard Board is now ready for the Dax

Wirecard Aufsichtsrat

Since Tuesday, Wirecard has been more valuable on the stock exchange than Deutsche Bank – and even twice as highly rated as Commerzbank. The chances of being admitted to the DAX in September have thus increased significantly, which the management of CEO Markus Braun is likely to regard not only as an accolade, but also as a source of satisfaction. After all, Wirecard has been heavily attacked time and again in recent years – mostly by speculators speculating on falling prices. But the attacks could not prevent the rise to the status of stock market star; analysts are full of praise for the business model and the digital competence of Markus Braun’s management board.

50 percent women thanks to Lauterbach & Quintana Plaza

We are particularly pleased that the composition of the Supervisory Board, which only a few months ago raised questions (see our commentary in February), has improved significantly. At the Annual General Meeting in June, the shareholders decided to increase the board – and elected the renowned AI expert Anastassia Lauterbach and the venture capital specialist Susana Quintana-Plaza as controllers. Since another woman, SAP manager Vuyiswa V. M’Cwabeni, has been on the new six-member Supervisory Board since 2016, the proportion of women is now 50 percent. And because all three have an international background and were born in the 1970s, diversity is now also right in terms of age and internationality – a mature achievement by Supervisory Board Chairman Wulf Matthias.