VIP (Vereinigung Institutionelle Privatanleger) eV
VIP (Vereinigung Institutionelle Privatanleger) eV: VIPsight Newsletter July 2015
VIPsight – July 2015 Cortent The number of start ups in Germany in 2014 continued its upward trend and shows no sign of levelling off. The news appeared a few weeks ago in a report on new enterprises that KfW – Kreditanstalt für Wiederaufbau (KfW) publishes every year at the end of May. A total of 915,000 start-ups were registered in 2014, an increase of 5.4 percent. SMEs offering full-time employment rose by 28 percent, and those run on a part-time basis as a second job dipped by 7 percent. In 2013 the average increase was 12 percent. By contrast to the most recent figures, the growth rate then was weighted by an increase in part-time SMEs. Read more on vipsight.eu! Buhlmann’s Corner Upside down? The world has lost its head – so where did its brain get to? We’re going so fast that even our way of speaking has got to be turbo-charged, so we think up slick neologisms like “grexit” or “C2C”. We’re so cool that we’re good with “a quick dusting-over with no loose ends” instead of a “well-thought-out way forward”. Something tells me this is where bubbles dot com flourish and I don’t mean just the Shanghai variety. Read more on vipsight.eu! Companies Stada AGM: palpable hostility The Supervisory Board of STADA Arzneimittel came under heavy fire during the AGM for the fees paid out to the executive board. The bone of contention was the new retribution package approved in March by the Supervisory Board, but not only that. The spark that set the haystack on fire was struck – and not for the first time – by the pharma group’s CEO Hartmut Retzlaff and his pension rights claims. Read more on vipsight.eu! People At the midpoint of the year, Brenntag’s executive board had gained three new members, bringing its complement to five. When William Fidler resigned at the expiry of his contract on June 30 the company presented three newcomers for election. On June 1, Supervisory Board chair Stefan Zuschke announced that the additional members were expected to provide the support needed to sustain group growth and development, enabling it to focus more on strategic development. Read more on vipsight.eu! VIPsight South Africa Jeffrey M. Trinklein: SEC Issues Concept Release Seeking Input on Enhanced Disclosures for Audit Committees At an open meeting held on July 1, 2015, the Securities and Exchange Commission (“SEC”) issued a concept release addressing the prospect of enhanced disclosures for audit committees. The much-publicized concept release is available here and requests comment on a number of possible changes to existing SEC disclosure requirements about the work of audit committees, focusing in particular on audit committees’ selection and oversight of independent auditors. Read more on vipsight.eu! End of Media Release Issuer: VIP (Vereinigung Institutionelle Privatanleger) eV Key word(s): Finance 2015-07-31 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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