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Shareholders voted against her: “Economy-wise” Grimm defies scandal and takes over supervisory board position

2024-02-27T06:54:41.091Z

Highlights: Shareholders voted against her: “Economy-wise” Grimm defies scandal and takes over supervisory board position.. As of: February 27, 2024, 7:34 a.m CommentsPressSplit Despite criticism from colleagues and a spicy shareholder vote: Veronika Grimm takes over a position on the supervisoryBoard at Siemens Energy. The group's general meeting appointed her to the control committee on Monday with 76.4 percent of the votes cast. There had previously been a dispute in the Advisory Council for the Assessment of Economic Development which advises the federal government.



As of: February 27, 2024, 7:34 a.m

By: Marcel Reich

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Press

Split

Despite criticism from colleagues and a spicy shareholder vote: Veronika Grimm takes over a position on the supervisory board at Siemens Energy.

Munich - The “economics” and Nuremberg professor Veronika Grimm has been elected to the supervisory board of Siemens Energy AG.

The group's general meeting appointed her to the control committee on Monday with 76.4 percent of the votes cast.

There had previously been a dispute in the Advisory Council for the Assessment of Economic Development, which advises the federal government.

Economics Prof. Veronika Grimm.

© Hannes P Albert/dpa

Incendiary letter from the other “economists” to Veronika Grimm

The four other members of the Advisory Council had asked Grimm to leave the Advisory Council if he accepted the supervisory board mandate.

They justified this with possible conflicts of interest.

They emphasized that it was by no means a matter of getting rid of “an unpopular critic of the red-green government policy”.

So-called “economics” had already been active as supervisory board members in German stock corporations before, without there being any public criticism.

Grimm is skeptical about easing the debt brake and has also set his own priorities in energy policy.

She has been a member of the Advisory Council since April 2020.

Grimm had said that the independence of the Advisory Council was “incompatible with the desire to force me out of office.”

According to a statement from Siemens Energy, it was significant at the general meeting that a single shareholder voted against the appointment.

Without this vote, approval would have been over 99 percent.

What is piquant is that, according to data from the Bloomberg news agency, only two shareholders have a sufficiently large stake in Siemens Energy to make such a difference with their decision, taking the representation quota into account: the former parent company Siemens and its pension fund.

With material from dpa

Source: merkur

All news articles on 2024-02-27

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