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...In line with Germany’s Stock Corporation Act and its corporate governance code, both von Bomhard and Bock underwent a two-year cooling-off period before joining the supervisory boards....
...German supervisory boards are split between representatives for shareholders and unions, making it in effect impossible for executives to enact big plans without union support....
...Glass Lewis noted that two directors, including Peter McKellar, held a number of board positions at public companies — meaning that they might not have sufficient time to devote to AssetCo....
...More than half of the ECB staff responding to a survey by its main union this year said Lagarde was performing poorly and almost six in 10 said they had no trust in her or the board....
...ECB supervisory board member Elizabeth McCaul told the Financial Times that the central bank was keen for senior risk management staff to “ensure that compliance with the risk appetite framework is used...
...Under Germany’s two-tier governance system, the supervisory board is not involved in day-to-day decisions but oversees and challenges the work of the executive board....
...But private market capital remains hemmed in by patchworks of national laws, regulatory and supervisory bodies, and trading venues....
...France’s Emmanuel Macron and Germany’s Olaf Scholz co-ordinated their position in the morning in an attempt to bring smaller countries on board, two EU diplomats said. But that was in vain....
...This article has been amended to make clear that Thompson was on the advisory board, not the supervisory board, as previously stated....
...Its supervisory board this month appointed two executive board members against the will of its labour representatives....
...Two days earlier in Ukraine, by contrast, aerial bombardment from Russia succeeded in destroying Kyiv’s largest power plant, and damaging apartment buildings....
...Concerns about whether the concept will come off have mounted lately, especially over the opening ceremony to be held on boats on the Seine river....
...Neither of François-Henri’s siblings are involved in day-to-day management at Kering, but they sit on the supervisory board at Artémis....
...The decision was made during a meeting of the supervisory board, which under German law oversees and appoints the executive board....
...German companies have a two-tier leadership structure — the executive board is responsible for day-to-day management and strategy while the supervisory board oversees the hiring and firing of executives....
...Frank Elderson, vice-chair of the ECB’s supervisory board, said in a speech on Thursday that it is shifting to a more aggressive approach for banks that do not respond fast enough to supervisory pressure...
...Of these, more than one-third had been with their current employer for over a year, almost half for more than two years, and one in eight for more than a decade....
...Both Bosch and ZF now face long negotiations with labour representatives who, as required under German law, sit on companies’ supervisory boards and whose support is required to move ahead with restructuring...
...Two of his sons joined the LVMH board at its annual meeting on Thursday, leaving only his youngest son without a seat....
...Two of Arnault’s sons were welcomed on to the board on Thursday, joining their two older siblings and reinforcing the family’s control....
...There are two core flaws with Hunt’s debt rule. First, it does not encourage long-term thinking....
...Francesco Grioli, a senior official at Germany’s powerful chemicals worker union IGBCE and Bayer’s supervisory board, called Bayer’s situation “precarious” blaming “a series of management blunders”....
...Cipollone’s speech in Brussels establishes him as one of the most dovish members of the ECB board....
...“I would say that a more centralised EU supervisory mechanism would be very much welcome,” he added....
...board member....
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