Board of Executive Directors and Supervisory Board of K+S are critical of amendments
Published by Robyn Wainwright,
Assistant Editor
World Fertilizer,
On November 6, 2018, the Government Commission German Corporate Governance Code published proposals for amendments to the Code. The Board of Executive Directors and the Supervisory Board of K+S are critical of the amendments and issued a joint statement on the proposed amendments to the Code.
“In our opinion, the objectives of the Government Commission to make the Code more relevant, clearer, and more compact, has unfortunately not been completely achieved,” says Dr. Andreas Kreimeyer, Chairman of the Supervisory Board of K+S Aktiengesellschaft. “The scope for action on parts of the Board of Executive Directors and the Supervisory Board is being restricted in many ways.”
Dr. Burkhard Lohr, Chairman of the Board of Executive Directors of K+S Aktiengesellschaft adds: “The German Stock Corporation Act which applies to us, contains extensive regulations that provide a reliable standard for the company and its stakeholders. These regulations, which also form the basis of the Code, should not be modified by the Government Commission.”
Interested members of the public are currently invited to submit written comments on the proposed amendments to the Code by January 31, 2019.
The joint statement by the Board of Executive Directors and the Supervisory Board of K+S Aktiengesellschaft can be found on their website.
Read the article online at: https://www.worldfertilizer.com/special-reports/25012019/board-of-executive-directors-and-supervisory-board-of-ks-are-critical-of-amendments/
You might also like
Yara reports increased deliveries, lower prices and reduced GHG emission intensity in 1Q
The company’s financial results show that first-quarter EBITDA was US$435 million compared to US$487 million in the first quarter of 2023.