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...The proxy adviser now has a blanket ban against former chief executives becoming chair, a position that goes well beyond the requirements of German law....
...The businessman is the youngest son of the late Onsi Sawiris, who founded a construction company in the 1950s and built it over decades into a large multinational corporation now called Orascom Construction...
...According to a closely watched annual survey by the German Chamber of Commerce and Industry, nearly a third of German industrial companies last year had plans to boost production outside Germany amid growing...
...In June, 50 senior executives of German chipmaker Infineon from around the globe met for a two-hour summit at its Munich headquarters. Only one item was on the agenda: diversity and inclusion (D&I)....
...Another telling benchmark is that at €1.6tn, the combined market cap of Germany’s 40 largest listed corporations is a fifth below that of Apple, which is valued at $2.1tn....
...traded — in the final three months of last year there were on average only nine trades per day in Deutsche’s CDS even though it is one of the most traded, according to the US’s Depository Trust and Clearing Corporation...
...Without such a pact, the management is required under German law to pursue the best interest of the whole corporation....
...They shared the value of reclaiming withholding tax on the dividends of German corporations....
...It combines elements of a limited partnership and a stock corporation. In effect, the influence of minority shareholders is small....
...German companies also face a looming legal challenge, with the country’s new supply chain act set to go into effect from next year....
...“Currently users only buy and sell the tokens from and to CM-Equity AG, which does not require a prospectus,” Binance said....
...Jan Marsalek, Wirecard’s chief operating officer, remains a fugitive from justice who the German authorities believe to be hiding in Moscow....
...Jaffé is also trying to recover €15mn in German corporation tax that Wirecard paid on fake profit....
...Through a three-year buying spree, starting around 2009, German coder Fabian Thylmann built Manwin into the world’s dominant provider of online porn, buying up sites such as Pornhub, YouPorn and Brazzers...
...One former VW official remembers a trip to the country with German politicians in the early 1990s, which included a dinner with then premier Li Peng, who had been a central figure in the bloody suppression...
...with German commercial law applicable to corporations and give a true and fair view of the net assets and financial position of the company”....
...John Carlin, a senior official working on the department’s effort, said “you’ll see cases in the weeks to come” involving “some of the largest corporations” operating in the US....
...German corporations are run via a two-tier board system, with the management board, made up of executives including the chief executive, reporting to a supervisory board including a chairman and representatives...
...The act, which is winding its way through the German parliament after being approved by Angela Merkel’s governing coalition, will mandate that 67 corporations appoint at least one woman to a leadership role...
...Rupert Stadler, the former boss of group brand Audi, of breaching their “duties of care” to the corporation....
...And even if that never happens, campaigners are banking on the mere legal existence of ecocide to change the behaviour of large corporations, along with their financiers and insurers....
...Last year, the German group poached Carla Murphy from VC Corporation’s merino-wool garment maker Icebreaker to oversee the enlarged outdoor division....
...Thanks to the co-determination model, staff representatives in Germany play a central role in the governance of large corporations....
...when large corporations delayed payments....
...The question elicits a well-worn response. Viewership of women's sport trails that of male counterparts. Ergo lower rights fees from broadcasters. Ergo lower spending on advertising....
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