(PRESS RELEASE) FRANKFURT AM MAIN, 23-Sep-2021 — /EuropaWire/ — Deutsche Bank (ETR: DBK), Germany’s leading multinational investment bank and financial services company, has announced that its Chairman Paul Achleitner will speak at the 10th Frankfurt Supervisory Board Day on September 23, 2021. Full speech follows:
Ladies and Gentlemen,
Thank you for inviting me to speak to you today at the 10th Frankfurt Supervisory Board Day.
I gladly accepted, since – after more than 20 years as a supervisory board member at various DAX companies and, as someone calculated, more than 80 years of combined mandates – the topic is naturally very close to my heart.
You have asked me to shed light in particular on the role of supervisory board chairmen. I will therefore draw in particular on my experience as Chairman of the Supervisory Board of Deutsche Bank over the past 9 years. And here above all with regard to the sustainable professionalization of the Supervisory Board’s work.
Sure, Deutsche Bank is a special case because a major international bank is regulated particularly closely. But much of what we have seen at Deutsche Bank over the past two decades we are now seeing at other companies:
This starts with the number of meetings: whereas Deutsche Bank’s supervisory board and its committees met 18 times in 2000, they met 63 times in 2020. At other companies I’ve worked for, there weren’t quite as many – but the trend is always the same
- The number of Deutsche Bank supervisory board committees has also increased dramatically: at the turn of the millennium, there was only one regularly meeting Credit and Market Risk Committee and one Chairman’s Committee, which was always convened on an ad hoc basis. Today, there are eight committees that meet regularly.
- And while a supervisory board meeting back then lasted on average around two and a half hours and there was hardly any extensive documentation, today it takes 10 hours – despite intensive preparation.
If we now look at the composition of the supervisory boards of German corporations, we see that they are also far more diverse: more women, more international shareholder representatives, more experts. The proportion of women on Dax supervisory boards on the shareholder side has, of course, also risen to around one third as a result of legal requirements. There has also been considerable progress in making boards more international. On the shareholder side, one in five supervisory board members is now from abroad. At Deutsche Bank, it is one in two.
There is no doubt: there has been a professionalization in the composition and the work - far more diverse teams do their job with far greater intensity. The difference is significant. I once jokingly said that meetings of German supervisory boards used to have something of a ritual rain dance about them. The supervisory board members believed that their activities actually had something to do with the result – that is, the success of the company. In fact, however, it was usually only about improving the dancing and not the weather.
However, not only has the work of supervisory boards improved, but the demands and expectations placed on supervisory boards have also increased considerably. And to such an extent that the question is justified as to whether supervisory boards can keep up with the increased demands and expectations at all, despite their greater commitment.
Where does this come from? At its core, this challenge stems from the fact that key stakeholders such as institutional investors, but also regulators, are predominantly shaped by the Anglo-Saxon one-tier governance system.
These stakeholders also make corresponding demands on German supervisory boards. The expectation on the supervisory board to answer questions as a representative of the shareholders’ interests or, in regulatory terms, as the highest functional body, is constantly increasing. So-called “governance roadshows” are taken for granted. And the topics that are then addressed require a high degree of experience and steadfastness on the part of supervisory board chairmen today, so that they do not allow themselves to be drawn into issues that are a matter for the management board. The grey area of corporate strategy is a prominent example of this.
Regulators and supervisory authorities also have no tolerance when supervisory boards claim that their duty is only to review the company’s control system. Instead, they expect detailed control measures, which German stock corporation law does not provide for at all. Incidentally, at least in the banking sector, individual members of the supervisory board are regularly summoned for discussions in addition to the chairman. And here it is of little help to refer to German corporate governance, because foreign supervisory authorities assign certain tasks to the ultimate control function, regardless of whether they are of an operational nature or not. And this ultimate control function in Germany is, after all, the supervisory board.
This discrepancy between the role as defined by German stock corporation law on the one hand and the demands and expectations on the other is also reflected in public opinion. The Anglo-Saxon world in particular is unfamiliar with the two-tier system of corporate management and supervision. And it is not only here that there is a tendency to overload the role of supervisory board chairmen. If things go badly, they are responsible for everything at some point. It hardly matters whether they can directly influence what is happening.
So much for the background.
I would now like to share with you seven personal observations on the role of the chairman of the supervisory board of a German company.
Observation number 1: Supervisory board chairmen manage the supervisory board – not the company
In the Anglo-Saxon system it is said: “The CEO runs the company, the Chair runs the board” – even if this division of responsibilities is then often cancelled out in the United States by the fact that both functions lie with the same person.
In contrast, our understanding of roles seems clear: the executive board is responsible for managing the company, while the supervisory board supervises and advises it. Operational responsibility lies with the management board, and supervision with the supervisory board. In addition, the supervisory board also has the task of appointing members of the management board, assessing their performance, remunerating them accordingly and approving important decisions, especially if these affect the company’s equity.
This brings us to the often-discussed topic of corporate strategy: there is no doubt that under German law the management board is responsible for strategy development and that there is no formal requirement for the supervisory board to give its approval.
But how is a supervisory board supposed to assess the performance of a management board or – more importantly – approve any acquisitions if it does not support the underlying strategic course? If there is only one person in the plenum who does not agree – should he abstain, object or even resign? If there are several, do they all resign? If it is most, does the board resign? Since all of these options are unlikely to be in the interests of the company in most cases, any management board would be well advised to involve the supervisory board in the strategy considerations in an appropriate manner.
Traditionally, this meant the chairman of the supervisory board – but with increasingly expert boards, this will not be enough. In practice, this clearly shows how seriously the management board takes the supervisory board when it comes to expertise. Supervisory authorities as well as institutional investors expect supervisory board members to be able to provide information on strategy. That is why more and more companies are holding an annual strategy meeting for the supervisory board.
Observation number 2: The supervisory board must be a competent team
Not only in the area of “control”, but also in the area of “advice”, a supervisory board must have the necessary competencies to be taken seriously. It should be good governance for board members to seek advice from time to time from members of the supervisory board who have special experience or competencies. One of the primary duties of supervisory board chairmen and – if not identical – chairmen of the nomination committee is therefore to find persons who individually and collectively represent the entire range of competencies required to be able to adequately monitor the management board on the one hand, and to be accepted advisors on the other.
But that is not enough. Supervisory board chairmen must ensure that this competence is also brought to bear. In other words, there is also a need for division of labour and teamwork on the supervisory board. We are mostly familiar with this with regard to the audit committee, whose chairman should not be the chairman of the supervisory board, even according to German rules.
My personal experience is that committees are a very effective instrument for further professionalizing the work of the supervisory board. First of all, work can be done much more efficiently in smaller groups than in the plenary meetings, where usually far more than 30 people come together – in addition to the Supervisory Board, these are members of the Management Board, minute-takers, interpreters and possibly other speakers. In the committee, there is also more time for individual topics, and discussions can be more in-depth and sometimes more confidential.
After all, the chairmanship of a committee in particular involves the respective individuals much more intensively than the other members in the twenty-member overall body. At Deutsche Bank, the eight committees I mentioned are headed by six different chairmen, all of them very competent and strong leaders, half of them women. As a result, we have significantly enlarged the circle of people who are extremely committed and who contribute their special skills and ideas to the discussions with the management board. And the entire supervisory board benefits from this, as our work has more depth.
The prerequisite for this is that the chairmen of the supervisory board are prepared to relinquish power, share information at an early stage and delegate tasks. And that the feedback works, so that the information from the committees also flows back into the plenum as a whole. Today, being a good supervisory board chairman also means gaining the respect of colleagues through knowledge and social competence – and no longer through office, dominance and concentration of power.
Observation number 3: Diversity must be lived out
The issue of board diversity justifiably takes up a lot of space these days. One of the reasons why diversity is desirable is that a diverse team demonstrably makes better decisions. Different backgrounds, experiences and personalities prevent “group think” and allow for much more differentiated discussions.
Interestingly, German corporate governance with the Co-Determination Act has a kind of pioneering role here – after all, it automatically prevents an overly homogeneous supervisory board. However, in my opinion, a little more internationality would also be good for the employee side.
However, the best diversity is of no use to you if you do not succeed in giving the individual supervisory board members of the room to contribute. The committees already mentioned are certainly helpful for this, but they are not enough in themselves. The chairman of the supervisory board must succeed in creating a culture of discussion within the board as a whole, in which not only are the opinions of individual members accepted, but these can also influence decision-making. This requires early and open discussions
instead of just presenting yes / no decisions or inviting people to information sessions after the fact. If you’re bringing together a group of high-calibre people who want to contribute to the company’s success, don’t reduce them to PowerPoint studies. Diversity without leveraging it is a source of counterproductive resentment.
And in my opinion, we should also get rid of the misconception in German supervisory boards that it is, in a sense, a defeat for the chairmen if decisions are not made unanimously. In my opinion, the strength of character to be able to disagree is also one of the selection criteria for supervisory board candidates.
And I might add one more thing: when putting together a diverse team, one should not forget that knowledge of the German corporate environment with all its peculiarities should also be an important part of the competence profile of a German supervisory board – if not for each individual, then at least collectively.
Observation number 4: Trust is essential
“Trust is good, control is better” may be an old adage, but it only applies to a limited extent to the cooperation between the chairman of the supervisory board and the chairman of the management board. The quality of the relationship between these two office holders is the most decisive criterion for effective corporate governance in our dual system. Of course, a proper understanding of roles initially requires room for critical distance. Supervisory board chairmen must not allow themselves to be taken over in such a way that they no longer fulfil their critical control function. Nevertheless, the basis of cooperation must be mutual trust. If this trust is permanently disturbed, a change of personnel is required.
Ideally, a CEO should be able to use the chairman of the supervisory board at least as a sounding board and sometimes also as a mentor in order to discuss many important individual considerations at an early stage. CEOs are often lonely because their environment always has a vested interest, especially in personnel and organisational matters. An experienced supervisory board chairman can help here without losing their decision-making authority.
These ideal conditions are not always given. This depends not only on the personal relationship between the two, but also on the situation of the company. In difficult times, this relationship will be shaped not only by substantive challenges, but also by formal and legal necessities. “You have to be able to handle a crisis” is true for supervisory board members as well as for CEOs. But it is precisely then that “trust is essential, control indispensable”.
It should be mentioned only in passing that trust must of course also exist among the members of the supervisory board themselves. Discussions among each other must not only remain confidential, but also be characterised by mutual trust and respect. In my opinion, regular joint training measures can play just as important a role as an openly constructive approach to the often underestimated efficiency review of the supervisory board, which should actually be called an effectiveness review.
Observation number 5: Leading through questions
According to German understanding, the supervisory board as a whole and also the chairman can only give instructions to the management board in a few special situations. Nevertheless, as already discussed, it is seen by many stakeholders as the highest governing body of a company.
How can this be solved? I call it “leading through questions”.
Questions posed to the management board by the supervisory board chairman, committee chairmen, but also individual members of the supervisory board often also have a suggestive effect. In any case, however, they lead to board members and the employees responsible dealing with the issue (once again) more thoroughly – and also from a different perspective. Questions often trigger corresponding dialogues: “How was that meant? Why do you ask?” Et cetera.
For this approach to work, trust between the parties is needed so that legions of legal scholars do not have to be called in for every answer. In addition, there needs to be a presumption of competence so that the management board does not dismiss the supervisory board’s questions as a burdensome duty but sees them as an opportunity to work through individual issues once again.
In this context, it is also important how the respective agendas for the supervisory board meetings and committees are drawn up. In my opinion, the chairmen of the committees can and should play an active role here and not simply work through the topics compiled by the management board. In this context, as elsewhere, appropriate “togetherness” should be practiced.
It should be mentioned here that, at least at Deutsche Bank, each committee has a responsible member of the management board who maintains a close exchange with the respective committee chairmen. This also provides the opportunity to seek or give uncomplicated advice.
Observation number 6: People, people, people
The most banal management wisdom says: “it’s all about people”. As already noted, without a competent supervisory board, the best supervisory board chairman is of no use, and without a competent management board, even the best supervisory board is of no use.
The continuous search for suitable personnel is one of the core tasks of supervisory board chairmen in cooperation with the nomination committee. In this respect, high standards must be set for the selection and decision-making process. It is particularly challenging to maintain an ongoing overview of internal talents in order to include them in the management board succession planning in good time.
Here, the demarcation from the undisputed personnel responsibility of the management board is particularly delicate. On the one hand, the supervisory board must not send the wrong signals. On the other hand, the board would hardly do justice to its task if it were to restrict itself exclusively with the proposals of the chairman of the management board in important personnel decisions without being able to contribute its own opinions on management board candidates.
There can be advantages and disadvantages if the chairman of the supervisory board does not come from within the company itself. This means that there is far less detailed knowledge of individual junior staff - but he or she can perhaps be more unbiased.
In addition, other members can compensate for this deficit through the nominating committee. And here, too, committees in which employees from the second and third management levels also regularly present are helpful in getting to know these potential candidates better.
A special situation naturally arises when there is a change at the top of the supervisory board itself. Here, too, much has changed. The days are gone when the chairman of the management board moved to the top of the supervisory board as a matter of course.
This automatic promotion has been replaced by a professional process. This begins with the incumbent chairman of the supervisory board not selecting his successor, which is the job of the nomination committee. And at such a stage, this committee should not be chaired by the chairman of the supervisory board, but by a qualified member who is free of conflicts of interest. The chairperson of the nomination committee is, of course, supported by professional advisors. This is also part of a good search process, as is a detailed competence or requirements profile. Anything else would not be accepted by international investors.
Incidentally, this also means that you don’t end the process when you have the feeling that you have found the first suitable candidate – and that the candidate has already indicated that he or she wants to take on the task. Because I can assure you of one thing: no candidate will be able to fully meet all the criteria. So it’s a matter of finding the person who comes as close as possible to the target skillset – and that’s an iterative process.
That’s the theory. Any parallels to real companies or processes are of course purely coincidental.
Observation number 7: Lived experience counts
The German two-tier system is better than its reputation. Therefore, we should focus on improving the lived experience instead of demanding an adaptation to the Anglo-Saxon one-tier system or even the Swiss board of directors.
To achieve this, however, we will not be able to avoid legal improvements. One example of the need for action is the unrealistic requirement that all communication between the supervisory board and the management board should go through the chairman of the supervisory board and the chairman of the management board. Or the German ad hoc regulations, which are unique in the world and which, for example, force de facto live announcements before the formal decision in the case of important personnel decisions even at weekends – i.e. when markets are closed – and thus often prejudice the plenary session of the supervisory board.
And the ultimately highest body of an AG, the Annual General Meeting, could also be better integrated if we were to question our extensive practice of contesting resolutions. For example, it would be possible to limit it to core issues, following the example of Swiss case law.
Good governance in practice requires simple, realistic and needs-based rules and should not depend on the willingness of individuals to move in legal grey areas. But until this happens, those responsible must make the best of the existing system.
Ladies and gentlemen,
Today, I have tried to describe how a modern supervisory board should be set up and work, and what the relationship with the management board should look like. However, it should also have become clear that there is a need for reform. The law and reality are not in harmony.
As already indicated: I would not shake the cornerstones of the German corporate order with its two-tier system and co-determination. I consider both to be more of a blessing than a curse, and I find the deprecations of the German system misplaced. Yes, it’s a bit formalistic and ponderous but the clearly defined responsibilities and the focus on committees rather than individuals are important advantages over the one-tier Anglo-Saxon system – especially in times of crisis.
Let’s not fool ourselves: when something goes wrong, rifts between executives and non-executives quickly emerge, even in the Anglo-Saxon system. In reality, the one-tier system turns into a two-tier system during a crisis. This alone shows the justification and meaningfulness of the German model.
At the same time, I talked about what changes would be needed to make German supervisory boards work better. If I had to sum this up in three wishes, they would be these:
At the top of my list is to reduce the size of German supervisory boards. As already mentioned, the legal requirements for co-determined companies lead to a board size that makes meaningful discussions and quick decision-making processes difficult. Shifting parts of the work to committees may mitigate the problem, but it won’t solve it.
Second, I would like to see German stock corporation law adapted to the practical requirements in companies. The unrealistic requirement that most communication between the supervisory board and the management board should only take place via the chairmen is just one obvious example. I would also like to emphasise once again that practicable and competitive ad hoc rules are needed and that the excessive possibilities for contesting German general meetings should be limited.
My third wish is not for politicians, but for companies: They should continue to invest in the professionalization of their supervisory boards. Since the turn of the millennium, we have undoubtedly made progress in appointing board members – we need to build on this in order to meet the increasingly high expectations of investors and regulators.
These are my wishes, which would not be so difficult to implement, but which would considerably improve the work of German supervisory boards. Because that’s what I wanted to show you today: a lot has been done in terms of the quality of our supervisory bodies. But there is still some room for improvement.
And because this topic is so important, I would like to conclude with another wish:
Corporate governance must not be left to third parties.
I would like to put the onus not only on our legislators, but on all of us: while the German business community has already achieved a great deal with the Corporate Governance Commission since the first publication of our Code in 2002 until the last update in December 2019, we are increasingly seeing that the commitment from the German side is dwindling – at national, but also at international level. And this is not just a recent development.
I still remember very well how difficult it was to find a successor when I resigned from the Corporate Governance Commission in 2009. That shocked me even then. Ladies and gentlemen, I ask you: how can we complain that our corporate governance needs improvement if we don’t take action ourselves? Instead of taking matters into our own hands, we leave it to third parties to improve our governance – even if it is by having international asset management firms tell us what good corporate governance should be.
Effective corporate governance and thus effective supervisory board work, ladies and gentlemen, can only work if we are committed to it and live it – every day and not just in times of crisis. It is in the good times that we need to lay the foundation for having resilient and well-managed companies when things turn bad. Or, to end on a positive note, that they remain competitive and future-oriented.
Conferences like this can be an important forum for the exchange of thoughts and ideas. That is why I am particularly grateful for the opportunity to speak here today.
SOURCE: Deutsche Bank AG
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- Behind the scenes of a 10,000-people online conference: creating a live-event atmosphere and leveraging cybersecurity software
- Largest Supply Chain for Face masks, FFP2, FFP3 and cloth masks
- TRANSMAR AND TRANSMETRICS SIGN DEAL FOR STATE-OF-THE-ART LOGISTICS COLLABORATION
- Amendment of Digi Communications N.V. Financial Calendar for 2021
- 4iG and Digi Communications NV’s Romanian subsidiary have entered into a term sheet with regards to a potential acquisition by 4iG of DIGI Group’s Hungarian operations
- “Building Healthy Relationships and Enhancing Gender Equality”: Young women from Cyprus, Egypt, Lebanon and Jordan come together
- Bring Ventures investit dans Crossborderit (CBIT), DDP et une solution de commerce électronique
- Bring Ventures investiert in Crossborderit (CBIT), eine DDP (geliefert verzollt) und E-Commerce Lösung
- Bring Ventures invests in Crossborderit (CBIT), DDP and ecommerce solution
- Lionspeed GP with Patrick Kolb and Lorenzo Rocco joins forces with CarCollection Motorsport in 2021
- Eurekos, ein klassenbester LMS-Anbieter, hat seine Position im renommierten Fosway 9-Grid™ für Lernsysteme verbessert
- Eurekos, en førsteklasses LMS-udbyder, har forstærket sin position på den prestigefyldte Fosway 9-Grid™ for læringssystemer
- Eurekos, ein erstklassiger LMS-Anbieter, hat seine Position auf dem renommierten Fosway 9-Grid™ für Lernsysteme weiter ausgebaut
- Digi Communications N.V. announces Share transaction made by an executive director of the Company with class B shares
- Digi Communications N.V.: Announces an Amendment to the Financial Calendar for 2021
- Ideanomics Invests $13M in Italian EV Motorcycle Company, Energica
- DigiSky and Asman Technology Announce Global Reseller Agreement
- Neowintech - O Marketplace Da Sua Próxima Solução Financeira
- Neowintech - Il Marketplace per la tua prossima soluzione finanziaria
- PIONEERING DECENTRALISED SECURE MESSAGING PLATFORM MANYONE ANNOUNCES STRATEGIC RELATIONSHIP WITH UNIVERSITY COLLEGE LONDON CENTRE BLOCKCHAIN TECHNOLOGY
- Digi Communications NV announces the release of the 2020 Preliminary Financial Results
- Fraunhofer IGD develops automated robotic arm to scan cultural objects in 3D, now cooperating with Phase One
- Adapt Fast or Disappear – Choosing the Right Supplier
- Digi Communications NV announces Investors Call for the 2020 Preliminary Financial Results
- A URSAPHARM Arzneimittel e a CEBINA anunciam uma parceria com vista a reaproveitar o anti-histamínico azelastina para combater a COVID-19
- URSAPHARM Arzneimittel et CEBINA annoncent un partenariat pour reconvertir l'antihistaminique azélastine afin de lutter contre la COVID-19
- URSAPHARM Arzneimittel y CEBINA anuncian una colaboración para readaptar el antihistamínico azelastine para combatir la COVID-19
- URSAPHARM Arzneimittel and CEBINA announce partnership to repurpose the antihistamine azelastine to combat COVID-19
- ANIL UZUN Will Launch Bass Guitar Lessons Series on Youtube
- Henrik Stampe Appointed CEO for Mono Solutions
- Anna Mossberg leder Nordens största privata AI-lab i Sverige: "Utan AI riskerar svenska företag att förlora sin konkurrensfördel."
- What COVID-19 has taught us about manufacturing & the importance of a digital online marketplace
- Digi Communications N.V. announces: the Supreme Court of Hungary dismissed the Company’s appeal related to the 5G Tender procedure
- Customer Data Platform Industry to Reach $1.5 Billion in 2021: CDP Institute Report
- Donna Thomas Joins Visual Data Media Services as Senior Vice President of Sales, Americas
- Discover how business proposals almost write themselves with the use of Artificial Intelligence in a new update from Offorte.com
- Haizol, Where Buyers Meet Suppliers
- Digi Communications N.V. announces the publishing of the Financial Calendar for 2021
- Digi Communications NV announces: Final dismissal by the US Court of the claim brought by certain US citizens against all the initial defendants, including i-TV Digitális Távközlési Zrt
- Firebolt Group Joins Top 1% of Companies Recognized for Sustainability Efforts
- Electriq Global and GVG Oil Trade B.V. to partner in fuelling Passenger Canal Boats with Electriq Fuel
- Haizol Deliver Fast Lead Times & Quality Parts at speed in the lead up to Chinese New Year
- Digi Communications N.V. announces the conclusion a MVNO agreement between the Company’s Italian subsidiary (Digi Italy) and Vodafone regarding the access to Vodafone’s radio spectrum and mobile communication network and infrastructure
- Experts demand for more transparency for medical treatment of politicians
- Electriq Global will launch its Zero Emissions, Hydrogen-Rich Fuel in the Netherlands by powering passenger canal boats with an Electriq PowerPack in compliance with the Amsterdam municipality requirement that all passenger vessels will be emission-free from 2025
- Spanish team wins the Farming by Satellite Prize 2020
- Digi Communications N.V. announces the senior facility agreement concluded between Digi Group and a syndicate of banks
- Corma.de launches Social Links OSINT Academy
- Can Chinese save the world economy?
- Pleme social network has been building throughout the Pandemic
- Visual Data Media Services to Partner with Endeavour Capital for Next Phase of Growth
- Digi Communications NV announces the release of the Q3 2020 Financial Results
- Haizol Expand its Capabilities into Motorcycle Manufacturing & Custom Made Bike Parts
- Digi Communications NV announces Investors Call on the Financial Results for Q3 2020
- Dutch Police selects bodycams from Zepcam to support police officers on the street
- Palette Life Sciences expands availability of online education and resources for paediatric urologists across Europe
- Sumitomo Corporation Europe Limited and NORCE Norwegian Research Centre AS sign Memorandum of Understanding
- Syniti & SAP Expand Partnership to Increase Client Options for Moving Harmoniously to SAP S/4HANA
- China’s manufacturing industry continues to expand according to the latest Purchasing Managers’ Index figures, with Haizol at the forefront of the growth
- AutoSock sono conformi alla regolamentazione Svizzera riguardante le catene da neve
- Introverts, nerds and geeks make the best salespeople
- Digi Communications NV announces the extension of the agreement entered into between the Company’s subsidiary from Spain (Digi Spain) and Telefonica Moviles España, S.A. regarding the access to TME’s radio spectrum and mobile communication network and infrastructure
- Tiqets’ US Awakens Week Highlights Exclusive New Experiences From Newly Reopened Museums and Attractions
- Haizol Boosts Companies Operational Agility
- Eveliqure announces the initiation of a Phase 1 clinical study of its combined Shigella and ETEC vaccine candidate
- eFax führt das EMEA-Kanalprogramm ein
- eFax lance un programme de distribution dans la région EMEA
- Mono Solutions partners with Lokale Internetwerbung to launch in leadhub platform
- Syniti Launches Podcast Series to Address Growing Focus on Mergers, Acquisitions and Divestitures, featuring Leading CEOs
- Mono Solutions and Ecwid partner for the seamless delivery of websites with e-commerce for small businesses
- Galata Chemicals to produce Tin Stabilizers and Intermediates at Dahej, India
- Sintecs selected as Mentor’s value-added reseller of its HyperLynx® products in Europe focused on serving Altium Designer® users
- INFOCUS CORPORATION AND CELEXON EUROPE SIGN EXCLUSIVE EUROPEAN MASTER DISTRIBUTION AGREEMENT
- L’Awakening Week de Tiqets en France met en avant les nouvelles expériences exclusives de plus de 15 musées et attractions qui ont récemment rouvert
- Tiqets UK Awakens Celebrates Reopened Museums & Attractions and Sponsors Visits for NHS Staff
- Tiqets Awakening Weeks Brings Together 100+ Museums and Attractions to Celebrate Their Reopenings
- A Jewish-Bedouin Partnership is bringing the Negev cuisine to Europe
- Digi Communications NV announces the release of the H1 2020 Financial Results
- New Chief Financial Officers appointed at Mono Solutions & Bauer Media Group SME Services
- Digi Communications NV announces Investors Call on the Financial Results for H1 2020
- Palette Life Sciences AB and Gedeon Richter Plc. Receive National Marketing Authorization in the United Kingdom for Novel Pain Relief Product, LIDBREE™
- Palette Life Sciences launches Deflux.com/UK, an online resource for paediatric urologists, parents and caregivers in the United Kingdom
- Digi Communications N.V. announces the publishing of Independent Limited Assurance Report issued by the external auditor of the Company on 30 July 2020 regarding the information included in the current reports issued by the Company under Law 24/2017 (Article 82) and FSA Regulation no. 5/2018
- The Pavilions Hotels & Resorts Excited To Announce First Luxury Resort Brand In El Nido, Palawan Island Philippines
- New Customer Data Platform Options Emerge During Pandemic Slowdown: CDP Institute Report
- Digi Communications N.V. announces The Competition Council authorized the economic concentration accomplished by the Company’s Romanian subsidiary („RCS&RDS”) by gaining control over some of the assets held by Akta Telecom S.A., Digital Cable Systems S.A. and ATTP Telecommunications S.R.L.
- TABS Score™ Expands its European Footprint; Begins Partnership Discussions Amongst Key Players in EU Venture Ecosystem
- Mono and Brandify partner to bring appointment booking to local businesses
- Digi Communications N.V. announces ANCOM approval for RCS & RDS S.A. to continue to apply a surcharge for certain roaming services provided in the EEA for a renewed maximum period of 12 months
- DerbySoft Expands Metasearch Coverage for Hotels Around the World
- Palette Life Sciences Announces European Distribution Expansion for Deflux® and Solesta® for More Than Twenty Countries Through Five Leading Distributors and Direct Sales Effort
- Pierre Koukjian and Cedric Koukjian, Designer Duo in Collaboration with Bulgari
- Pierre Koukjian et Cédric Koukjian, Duo de designers en collaboration avec Bulgari
- Former Duff & Phelps EMEA Leader Yann Magnan joins 73 Strings as Co-founder and CEO
- Concern for the oceans drives consumers to 'vote with their forks' for sustainable seafood
- Digi Communications N.V.: Exercise of stock option by Marius Catalin Vărzaru, a Non-Executive Director and VP of the Board of Directors of the Company
- SecurLine Certified to Protect Classified Communications
- Digi Communications N.V. announces that a stock option programme was approved for employees and managers of the Romanian Subsidiary of the Company
- Digi Communications NV announces the exercise of stock options by the Executive Directors of the Company
- Matvil Corp. продолжает бороться с противозаконными действиями юридической системы Молдовы
- Digi Communications NV announces the release of the Q1 2020 Financial Results
- Digi Communications NV announces that conditional stock options were granted to several Directors of the Company based on the general shareholders’ meeting approval from 30 April 2020
- MEDIS medical imaging systems acquires Advanced Medical Imaging Development S.r.l. (AMID) and secures further investment from Van Herk Ventures
- Digi Communications NV announces Investors Call on the Financial Results for Q1 2020
- Digi Communications N.V. announces the availability of the instructions on the 2019 share dividend payment
- Mono Solutions hires Chief Product Officer
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 27 – 30 Apr 2020
- Digi Communications N.V.: GSM resolutions from 30 Apr 2020 approving, amongst others, the 2019 Annual Accounts; availability of the adopted Annual Financial Report for the year ended Dec 31, 2019 for the Group
- RCH Embark on Lasting Partnership with Culinary Institute JRE
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 20 – 24 Apr 2020
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 13 – 17 Apr 2020
- COVID-19: Digi Communications N.V. recommendation regarding participation of shareholders to the AGM convened for 30 April 2020
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 6 – 10 Apr 2020
- DIGI COMMUNICATIONS N.V.: Exercise of stock option by a Non-Executive Director of the Company
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 30 Mar – 3 Apr 2020
- Chief Commercial Officer joins Mono Solutions
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 23 – 27 Mar 2020
- Digi Communications N.V. reports the admission to trading on the regulated market operated by the Irish Stock Exchange plc (trading as Euronext Dublin) of the senior secured notes issued by RCS & RDS S.A., its Romanian subsidiary
- Delft University of Technology Purchases its Second WebClip2Go Video Production System
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 16 – 20 Mar 2020
- Integrated Services Monitoring Capability Launched by Bridge Technologies
- Digi Communications N.V. announces Convocation of the Company’s general shareholders meeting for 30 April 2020 for the approval of, among others, the 2019 Annual Report and of the 2019 Financial Statements
- Digi Communications N.V. announces The Hungarian Competition Council’s decision to issue a new decision approving the Invitel transaction
- Digi Communications N.V. announces Business continuity in light of the novel coronavirus (“COVID-19”) outbreak
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 9 – 13 Mar 2020
- Reporting of legal documents concluded by DIGI Communications N.V. in February 2020 or in other period but effective in February 2020, in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 2 – 6 Mar 2020
- « La levée du pilon sur la plate-forme » peut faire la différence entre le saint et l’ordinaire
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 24 – 28 Feb 2020
- EH GROUP ENGINEERING awarded EU Horizon 2020
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 17 – 21 Feb 2020
- Digi Communications NV announces the release of the Preliminary Financial Results for year ended 31 December 2019
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 10 – 14 Feb 2020
- Reporting of legal documents concluded by DIGI Communications N.V. in January 2020 or in other period but effective in January 2020, in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018
- Digi Communications NV announces Investor Call on the Preliminary Financial Results for the year ended 31 December 2019
- Consolidation Looms for Fast-Growing Customer Data Platform Industry: CDP Institute Report
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 3–7 Feb 2020
- Digi Communications N.V. hereby reports successful closing of the offering of senior secured notes by RCS & RDS S.A., its Romanian subsidiary
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 27 – 31 Jan 2020
- Digi Communications N.V.: Independent Limited Assurance Report issued by the external auditor on 30 Jan 2020 regarding the information included in the current reports under Law 24/2017 (Article 82) and FSA Regulation no. 5/2018
- Digi Communications N.V.: Rectification of the report published on 15 Jan 2020, regarding legal documents concluded by DIGI COMMUNICATIONS N.V. in other periods but effective in Dec 2019, in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018
- Digi Communications N.V. reports the upsize and successful pricing of the offering of senior secured notes by RCS & RDS S.A., its Romanian subsidiary
- RCH To Present New Smart ECR, Robust and Vintage POS Systems at EuroShop 2020
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 20 – 24 Jan 2020
- Digi Communications N.V.: (i) launch of an offering by RCS & RDS S.A. of senior secured notes; (ii) issuance of a notice of conditional full redemption of all outstanding €550.0m 5.0% senior secured notes due 2023 issued by the Company and (iii) restatement by the Company of its unaudited interim condensed consolidated financial statements for the 9-month period ended 30 Sep 2019
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 13 – 17 Jan 2020
- Reporting of legal documents concluded by DIGI Communications N.V. in December 2019 or in other period but effective in December 2019, in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 6 – 10 Jan 2020
- Berlin-based SuitePad named Best Places to Work in Hotel Tech 2020 category at HotelTechReport.com’s HotelTechAwards
- Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 30 Dec 2019 – 3 Jan 2020
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