If they take their job seriously, supervisory board members – especially the committee chairmen – act as guardians of the Grail of corporate culture and corporate governance. Munich Re Supervisory Board Chairman Bernd Pischetsrieder is therefore particularly pleased with the current Dax Governance Ranking by Union Investment and Ivox Glass Lewis: “The reinsurer has made up three places and replaced Allianz as the front runner. I don’t think anyone would have thought that two years ago. At that time, Munich Re in general and Pischetsrieder in particular were criticised for non-transparent manager salaries and long periods of office on the Supervisory Board.
Von Bomhard becomes new Chairman of the Supervisory Board
For this reason, Bernd Pischetsrieder (71) was already regarded by some as an unteachable Dino who did not fit into the new age. But the former BMW and VW boss accepted the challenge, reformed the remuneration of the Board of Management and brought renowned top managers on board. When he vacates his seat for the former CEO Nikolaus von Bomhard after the Annual General Meeting on April 30, he will therefore leave a competent, diverse and largely independent body in his hands. Ex-SAP boss Henning Kagermann, who had also been criticized by investors for his long term in office, also joined Pischetsrieder. He is to be followed by Karl-Heinz Streibich.