VIP (Vereinigung Institutionelle Privatanleger) eV
VIP (Vereinigung Institutionelle Privatanleger) eV: VIPsight Newsletter November 2014
More than 35,000 dates of Annual General Meetings (AGM) worldwide, 15,000 of them for 2015, and a growing number of Corporate Governance and Investor Relations links (mainly from Europe). AGMagenda.com is counting about 1 million users per year, principally from North America and a fifth each for China and Europe. The German Mittelstand Highly qualified staff is much sought after and increasingly thin on the ground; one in every two companies deems the qualifications held by its staff as paramount for business success. This emerges from a survey carried out by GE Capitae and the Institut für Mittelstandsforschung in Bonn among companies with a turnover of between 20 million and 1 thousand million Euros. Only 34 percent believe that success comes from how management performs. The present state of the employment market is proving worrisome for companies and it is becoming in increasingly hard to find qualified personnel. According to The Bundesverband der mittelständischen Wirtschaft (BVMW) – the Federal Association of SMEs – four in ten small to medium size enterprises are unable to recruit people with the qualifications they need. Read more on vipsight.eu Buhlmann’s Corner I do believe you know what I’m talking about. Companies TUI merges with TUI Travel to create one of the most important tourist companies on the international market. The vast majority of shareholders of this FTSE 100 European major and its subsidiary approved the merger between the two companies at the extraordinary shareholders’ meeting in London and Hannover on October 28. This also solved the issue of the complicated double structure that was besetting the two. The “dilemma holding” was solved by obtaining full access to the high cash flow of TUI Travel. In future, all kinds of flight tickets and travel arrangements will be sold by one body alone instead of separately in Hannover and London. Read more on vipsight.eu People On May 7, 2015 Oliver Bäte will take over the presidency of the Allianz management board in place of Michael Diekmann. In a communiqué, Herlmut Perlet, chair of the Supervisory Board went to some lengths to praise Diekman’s performance, above all the ability he showed in leading the company through the financial crisis. The 59-year-old is expected to join the Supervisory Board in 2017. It was recently rumoured in certain quarters of the media that Diekman’s contract was to be extended. Bäte had for some time been seen as heir apparent despite not having risen through the ranks at Allianz. He served as CFO, and lately was head of the insurance business in South and East Europe. The new head of the management board joined Allianz in 2008 from McKinsey where his last responsibility had been Director of the Insurance and Asset-Management business area in Europe. Read more on vipsight.eu VIPsight France Shareholders and employees of the Total group have learned with grief the death of Christophe de Margerie, Chairman and CEO, along with three other victims. The sudden death of a charismatic leader of great influence and shocked the markets. It is a more serious as the company is without a CEO and Chairman faces a double problem. Read more on vipsight.eu End of Media Release Issuer: VIP (Vereinigung Institutionelle Privatanleger) eV Key word(s): Services 17.11.2014 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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