Study (Carter, Simkins, and Simpson, 2003) considers supervisory
board membership independence as fundamental for the protection of interests of shareholders, advocating that outside members who are independent from the control of management can best represent the shareholder interests.
The leadership training sessions continued to slowly build understanding among the group; this evolved into trust among supervisory
team members as the meetings progressed.
Perhaps the board could offer a limiting interpretation of the supervisory
function of responsible direction by distinguishing employees who direct the manner of others performance of discrete tasks from employees who direct other employees," he said.
In addition, the Board has considered its supervisory
experiences and those of the other relevant banking supervisory
agencies with the organizations and their records of compliance with applicable banking law.
The association representing Germany's private sector banks helped support the "Eichel-Brown" initiative by backing Finance Minister Eichel's proposal to establish a cross-sector Federal Financial Supervisory
The election to the Supervisory
Board of four new members, for which nominations of suitably experienced and skilled individuals will be made in advance of the EGM
Upon the close of the AGM, Sir Michael Hodgkinson, Deputy Chairman of the Supervisory
Board, stepped down from his office.
The installation of an administrative council and an advisory committee at the new supervisory
authority is welcomed by the financial industry.
It is proposed that the Executive Board will be authorised, subject to the Supervisory
Board's consent, to exclude shareholders' subscription rights if new ordinary shares are issued against contributions in kind in the context of acquisitions.
Board of Volkswagen Aktiengesellschaft is to receive a competent addition in the person of manager Marianne Hei (45).
The new supplement includes supervisory
and examination guidance on the following subjects:
HOUSTON -- On September 26, 2006, the Supervisory
Board unanimously elected Dr.