ACTIONS CORNER

Christian Strenger is taking action against the discharge of Gerhard Cromme at the recent ThyssenKrupp AGM. The multiple supervisory-board member (DWS, Evonik, Fraport, TUI) had on 21 February filed a legal challenge at the Dortmund District Court against the discharge of Gerhard Cromme. The lawsuit by the member of the Government Commission on the German Corporate Governance Code is based in content on paragraph 136 of the German Companies Act, according to which no one should exercise the right to vote, for himself or for another, when a decision on his discharge is to be taken. Thus, it is doubtful that the Alfried Krupp von Bohlen and Halbach Foundation was allowed to participate in the discharge vote, he said. The chairman of the Supervisory Board should be regarded as a representative of the Foundation and also the designated successor of Bertold Beitz as Chairman of the Foundation. But had the Foundation abstained at the discharge vote, Cromme would also not have been given discharge, speculates Strenger.