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ProSiebenSat.1 rejects the individual discharge of the Executive Board and the Supervisory Board

2022-04-29T11:12:20.667Z

At the forthcoming general meeting of ProSiebenSat.1, there could again be disputes with the largest shareholder, the Berlusconi company MFE. The Italian company, formerly known as Mediaset, announced in early April, according to its own...



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Photo: Andreas Gebert / REUTERS

At the forthcoming general meeting of ProSiebenSat.1, there could again be disputes with the largest shareholder, the Berlusconi company MFE.

The Italian company, formerly known as Mediaset, had requested in writing at the beginning of April that the actions of the board of directors and the supervisory board be approved individually - apparently to express its displeasure with individual managers.

ProSiebenSat.1 refuses to accept the motion in the run-up to the Annual General Meeting.

According to the group, it is unusual for individual executives to be relieved of the burden in Germany, only 14 of the 90 Dax and MDax companies would provide such a procedure.

In addition, one refers to formal criteria: MFE did not submit a counter-motion, but only made a written proposal.

"We maintain the overall discharge of the supervisory board and executive board in accordance with current market practice in Germany," says ProSiebenSat.1.

The dispute is part of a larger conflict that the media group has been fighting with its largest shareholder for years.

The Berlusconi company holds more than 25 percent of ProSiebenSat.1 and primarily rubs shoulders with CEO Rainer Beaujean.

He doesn't believe in the Italians' plans to set up a pan-European broadcasting group.

Nevertheless, MFE had refrained from naming its own candidates for the composition of the supervisory board and signaled support for the former Axel Springer board member Andreas Wiele as chairman.

It is unclear whether this announcement still applies.

The dispute is part of a larger conflict that the media group has been fighting with its largest shareholder for years.

The Berlusconi company holds more than 25 percent of ProSiebenSat.1 and primarily rubs shoulders with CEO Rainer Beaujean.

He doesn't believe in the Italians' plans to set up a pan-European broadcasting group.

Nevertheless, MFE had refrained from naming its own candidates for the composition of the supervisory board and signaled support for the former Axel Springer board member Andreas Wiele as chairman.

It is unclear whether this announcement still applies.

The dispute is part of a larger conflict that the media group has been fighting with its largest shareholder for years.

The Berlusconi company holds more than 25 percent of ProSiebenSat.1 and primarily rubs shoulders with CEO Rainer Beaujean.

He doesn't believe in the Italians' plans to set up a pan-European broadcasting group.

Nevertheless, MFE had refrained from naming its own candidates for the composition of the supervisory board and signaled support for the former Axel Springer board member Andreas Wiele as chairman.

It is unclear whether this announcement still applies.

He doesn't believe in the Italians' plans to set up a pan-European broadcasting group.

Nevertheless, MFE had refrained from naming its own candidates for the composition of the supervisory board and signaled support for the former Axel Springer board member Andreas Wiele as chairman.

It is unclear whether this announcement still applies.

He doesn't believe in the Italians' plans to set up a pan-European broadcasting group.

Nevertheless, MFE had refrained from naming its own candidates for the composition of the supervisory board and signaled support for the former Axel Springer board member Andreas Wiele as chairman.

It is unclear whether this announcement still applies.

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Source: spiegel

All business articles on 2022-04-29

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