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Corporate Governance – portrayed in the individual cultural and legal framework, from the standpoint of equity capital.

VIPsight is a dynamic photo archive, sorted by nations and dates, by and for those interested in CG from all over the world.

VIPsight offers, every month:
transparent and independent current information / comments / facts and figures on corporate governance locally and internationally,

  • written by local CG experts,
  • selected and structured by the Club of Florence,
  • financed by its initiator VIP and other sponsors with a background of “Equity and Advisory” interests.

VIPsight International

Article Index



Henning Kagermann is to join the Supervisory Board of Bayerische Motoren Werke. He has been proposed as replacement for the departing Jürgen Strube, as the invitation to the Munich carmaker’s AGM on 18 May shows. Kagermann is already a Supervisory Board member at Deutsche Bank, Deutsche Post and Munich Re.





In a supplementary request Schaeffler-Holding has again put up the name of Rolf Koerfer for a vote at the Continental AGM on 28 April, although he recently came under public criticism because of conflicts of interest. With 83.1% attendance, Koerfer was elected with 82.8% of the votes. Shareholder associations had announced massive protest in the run-up to the meeting.


A significant proportion of Gerresheimer shareholders has proposed electing Axel Herberg to the Supervisory Board. The AGM on 29 April is to approve the CEO’s move to the Supervisory Board of the Düsseldorf firm as per 1 September. There, he would take over the post of Douglas E. Rogers, the last remaining representative of former partner Blackstone.


Martin Kohlhaussen is now to leave the HOCHTIEF Supervisory Board after all. He would resign at the end of the AGM on 11 May, stated the construction group on 26 March. Actually, the current Supervisory Board chair wanted only to resign from chairmanship of the Supervisory Board. He is to be replaced on the Supervisory Board by Manfred Wennemer (62), ex CEO of Continental.


Mann-Immobilien Verwaltung AG is seconding two representatives to the IVG ImmobilienKlaus R. Müller and Mann Immobilien-Verwaltung GmbH director Wolfgang Herr, who both represent the interests of new major shareholder Johannes Mann, are to replace departing Supervisory Board members Eckart John von Freyend and Matthias Graf von Krockow. Former DZ-Bank CEO Bernd Thiemann, who inter alia chairs the Supervisory Board of struggling Hypo Real Estate, is proposing Friedrich Merz for the group’s Supervisory Board. While the appointments of former IVG CEO von Freyend and ex CDU politician Merz end at the end of the AGM, former Sal. Oppenheim CEO Graf von Krockow resigned with effect from 30 April. Detlef Bierbaum, till 2008 personally liable partner at Sal. Oppenheim, remains Supervisory Board chair even after the private bank’s departure. Sal. Oppenheim, now sold to Deutsche Bank, had sold its IVG holding of 18.4% to the Karlsruhe businessman in March. Supervisory Board. This emerges from the invitation to the Bonn real estate group’s AGM on 20 May. Legal officer


Q-Cells has appointed a new CFO. As the TECDAX company stated on 29 April, the Supervisory Board appointed Marion Helmes to the post with effect from 1 July. At the solar-cell maker, Helmes succeeds Nedim Cen, who since March succeeded Anton Milner as CEO and has since been provisionally holding the CFO spot too.


Angelika Dammann is to become labour director on the SAP board, succeeding personnel head Erwin Gunst, who left because of illness. The software group has so far refused an official statement. According to Siemens director Barbara Kux, the former Unilever manageress would be the second woman on the board of a DAX group.


Tognum has regulated the succession to Volker Heuer ahead of time. In September 2011 Joachim Coers, currently CFO, is to move up to replace him as CEO, as the group stated in Friedrichshafen following a Supervisory Board meeting on 12 April. The Supervisory Board was thus meeting the wishes of the 57-year-old manager by extending his contract by one year only.