The Limited Times

Now you can see non-English news...

Grimm joins the Siemens supervisory board: economists discuss how to proceed

2024-02-27T15:44:55.233Z

Highlights: Grimm joins the Siemens supervisory board: economists discuss how to proceed. Due to strong criticism, other economists would like to discuss their approach. Grimm believes he is in the right: “I have had it checked whether the supervisoryBoard mandate is compatible with my role on the Advisory Council. There was also a compliance audit at Siemens Energy. Result: harmless,” said the expert, who has been a member of the committee that advises the federal government since April 2020.



As of: February 27, 2024, 4:31 p.m

Comments

Press

Split

The economist Veronika Grimm has been increasingly criticized since her controversial appointment to a supervisory board.

© Bernd von Jutrczenka / dpa

The news made waves: The economist Veronika Grimm wants to be on the supervisory board of Siemens Energy.

Due to strong criticism, other economists would like to discuss their approach.

Berlin - After the controversial appointment of economist Veronika Grimm to the Supervisory Board of Siemens Energy, the Council of Experts wants to coordinate how to proceed.

The committee said on Tuesday that the issue should first be discussed internally.

They don't want to comment on the matter until there are results.

The economist and energy expert Grimm was elected to the supervisory board of the energy technology group Siemens Energy on Monday evening, despite criticism from the other four economists.

“For me, Siemens Energy is one of the most exciting companies in the world,” she said.

“With its comprehensive portfolio, it plays a crucial role in the global realization of the energy transition.” It received 76.43 percent of the votes at the general meeting.

However, Siemens AG, which has a stake in Siemens Energy, said it did not vote for Grimm's appointment.

The reason given was a conflict of interest.

Grimm believes he is right

The other four economies also see this.

You have therefore asked your colleague to resign from the supervisory board position.

“The upcoming energy transformation is of outstanding economic and economic policy importance,” says a statement from the other four wise men Monika Schnitzer, Ulrike Malmendier, Achim Truger and Martin Werding, which was circulated last week.

“Veronika Grimm’s expertise is therefore of great value in the council’s work.”

Grimm believes he is in the right: “I have had it checked whether the supervisory board mandate is compatible with my role on the Advisory Council.

There was also a compliance audit at Siemens Energy.

Result: harmless,” said the expert, who has been a member of the committee that advises the federal government since April 2020.

The other four members admit that the Expert Council Act of 1963 does not preclude the election of a council member to a supervisory board, but also emphasize: “In public perception, however, the awareness of compliance issues has increased and is increasing in the debate, but also in the The organization of companies and corporations is more important than, for example, ten or 15 years ago.”

(Reuters, lf)

Source: merkur

All news articles on 2024-02-27

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.