SAP’s shareholders growing disaffection over executive pay The last general assembly held by SAP on the 10th of May could be described as a wake-up call for the German multinational, which produces enterprise software to manage business operations and customer relations. Whereas General Assemblies are largely routine annual events to which shareholders are invited to
The last general assembly held by SAP on the 10th of May could be described as a wake-up call for the German multinational, which produces enterprise software to manage business operations and customer relations. Whereas General Assemblies are largely routine annual events to which shareholders are invited to voice their support for the supervisory board,
As Chairman of the Management Board of the public interest Foundation Stichting Volkswagen Investors Claim I have sent an open letter to Ms. Brigitte Zypries, Minister for Economics and Energy. Stichting Volkswagen Investors Claim strives for a rapid solution that is at the same time fair to the victims, and does not substantially prejudice the
— CHECK AGAINST DELIVERY —- Ladies and gentlemen, Competition, freedom of contract and freedom of choice based on "perfect" information are the driving forces behind the theory of perfectly functioning economy. That said, we know that markets and people are not "perfect"! So we end up with unfair commercial practices leading to unfair competition, uneven
Climate change and sustainable development are more and more present in policymaking. Following the agreement of the Paris Climate Summit ( COP21) entering into force on the 4th November 2016 and the adoption by the United Nations of the Sustainable Development Goals (SDGs), establishing a framework for global public engagement in environmental and social matters,
On the 8th of June, Helen Gibbons, Board Member of BETTER FINANCE, will be speaking in a Project Lab on "Financial Education for the Promotion of Social and Financial Inclusion" organized by BBVA and the European Commission. This event is part of the European Development days ( EDD). Find more information on this event here
On the 26th of June, the European Commission will hold a conference on EU Corporate Governance. The conference will be organized in 2 panels. The first one will discuss whether the use of modern technologies render corporate governance more effective. Despite the development of new financial technologies, it appears that the flow of information and
On the 13th of June, BETTER FINANCE, BEUC and the Observatoire de l’Epargne Européenne will hold a seminar on Financial Guidance at the Royal Librairy Meeting Center in Brussels. Financial Guidance can be defined as a process of determining an individual’s financial goals and purposes in life and life’s priorities, and after considering his resources,
The BBC uncovered a secret recording involving the Bank of England in the Libor rigging scandal. The recording uncovered by the BBC consists of a discussion between two bankers at Barclays, one of them saying that the government and the Bank of England were pressuring them to lower the rate they offered for the Libor. The
Answering to the FCA’s (Financial Conduct Authority) review of the UK’s asset management industry, Morningstar (an Investment Research and Management Firm) asked the UK Financial Watchdog to set stricter rules on the disclosure of fund management fees. According to Morningstar “a five-year figure of total fund costs would give a more reasonable statement of the