Association of supervisory boards in Germany

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Association of Supervisory Boards in Germany V.
(VARD)
logo
purpose Professional association for the promotion of the quality of the work of the supervisory board and representation of the supervisory boards in public and politics.
Chair: Peter stretching
Establishment date: March 14, 2012
Number of members: approx. 130
Seat : Dusseldorf
Website: vard.de

The Association of Supervisory Boards in Germany e. V. , VARD for short , is a professional association that aims to promote the quality of supervisory board work in Germany. The VARD also represents the supervisory boards at international level, for example as a German member in the European Confederation of Directors' Associations (ecoDa).

aims

The professional association, founded in 2012, wants to give the supervisory boards a voice in dialogue with the media, the public and politics. To this end, he speaks out in public for the respective issues and participates in legislative and regulatory projects in the area of corporate governance through lobbying .

The association is recorded in the public list of the registration of associations and their representatives under No. 2172.

Events

VARD organizes the German Supervisory Board Day (DART) together with the German Corporate Governance Institute. The DART is an event that serves the professional exchange and networking of supervisory boards, executive boards and investors. Every six months, current topics and developments in the corporate governance scene are discussed at the event . Speakers at the event are often chairmen and members of the supervisory board of German DAX companies as well as members of the government commission on the German Corporate Governance Code . The last day of the Supervisory Board held in November 2018 dealt with the supervision of companies owned by a foundation , municipal supervision and family businesses .

Members

The association currently (as of 2017) has around 130 members. This includes supervisory boards, advisory boards and / or boards of directors from the owner side as well as board members of capital market-oriented companies.

subjects

According to its own information, VARD is committed to constantly improving the quality and transparency of the work of the supervisory board, anchoring recognized professional standards in terms of German corporate governance and strengthening the reputation of the supervisory board in public opinion.

In January 2013, the association asked the then Chairman of the Supervisory Board, Gerhard Cromme of Thyssenkrupp, to resign in an open letter in the Handelsblatt . Cromme resigned on March 8, 2013, effective March 31. The association also criticized the role of the supervisory board member at the time, Berthold Beitz, as head of the Krupp Foundation in the "Krupp crisis" .

In 2014, the association was critical of the quota of women on supervisory boards.

In 2015, the association asked the ruling mayor of Berlin Michael Müller to renounce his position on the supervisory board at Berlin Brandenburg Airport (BER). As a justification, the association chairman stated that Müller would "damage the profession and the reputation of the supervisory boards in Germany". Politicians should withdraw from supervisory bodies because, as contracting authorities, they already have control over the capital and therefore belong in the shareholders' meeting and not in the supervisory board.

In 2016, the association was critical of Uli Hoeneß's return as president of FC Bayern Munich .

In 2017, the VARD defined twelve professional principles, including independence, diligence and the willingness to take part in systematic training. The VARD u. a. on the management crisis at the Berlin Brandenburg airport (BER), where, according to the association's chairman, Peter Dehnen, the airport's supervisory board intervenes too deeply in operational issues and thus in management tasks. The association also criticized the Corporate Governance Code , where, according to the association's chairman in its preamble, the inclusion of a formulation on the principle of the honorable businessman could threaten a larger number of lawsuits.

Web links

Individual evidence

  1. ↑ https://www.vard.de/ueber-uns/vorstand/
  2. ↑ Constantly updated version of the public list on the registration of associations and their representatives , accessed on September 4, 2017
  3. ↑ The event page of the German Supervisory Board Day , accessed on September 4, 2017
  4. ↑ Review of the 11th German Supervisory Board Conference , accessed on September 4, 2017.
  5. ↑ a b The limits of our governance culture (wiwo.de, August 28, 2017, accessed December 31, 2017)
  6. ↑ The VARD Professional Principles , accessed on September 4, 2017
  7. ↑ Thyssen-Krupp supervisory board association: "Cromme is a bad role model" (handelsblatt.de, January 4, 2013, accessed December 31, 2017)
  8. ↑ Thyssen-Krupp supervisory board association: "Cromme is a bad role model" (wiwo.de from January 14, 2013, accessed on December 31, 2017)
  9. ↑ Press releases. Retrieved April 25, 2017 .
  10. ↑ Thyssen Krupp supervisory board chairman resigns . ( tagesspiegel.de [accessed on April 25, 2017]).
  11. ↑ Debacle at ThyssenKrupp: Now even Berthold Beitz is under pressure (rp-online.de of March 18, 2013, accessed on December 31, 2017)
  12. ↑ Quota for women on supervisory boards "Many women in Germany do not know how to assess themselves correctly" (manager-magazin.de of March 21, 2014, accessed on December 31, 2017)
  13. ↑ Berlin's mayor should forego chairing the supervisory board (spiegel.de, June 5, 2015, accessed December 31, 2017)
  14. ↑ Masked man, BER supervision, open-air parties (tagesspiegel.de from June 8, 2015, accessed on December 31, 2017)
  15. ↑ The desperate search for a new BER airport manager (morgenpost.de from March 6, 2017, accessed on January 3, 2018)
  16. ↑ Uli Hoeneß for FC Bayern President: Compliance does not score goals (handelsblatt.de, August 9, 2016, accessed December 31, 2017)
  17. ↑ Debate about airport boss: Berlin, Brandenburg, Bund: Who wants what at BER? (Morgenpost.de of March 5, 2017, accessed December 31, 2017)
  18. ^ The legal press review of March 1, 2017: EGC approves solar tariffs / discussion after Raser judgment / solidarity with Yücel (lto.de March 1, 2017, accessed on December 31, 2017)