Executive pay becomes a political issue in Germany
Politicians line up to condemn high levels of executive pay after pension payments for Martin Winterkorn, VW’s former CEO, are published.
A fresh debate on executive pay has been triggered in Germany after details emerged of the pension arrangements of Martin Winterkorn, the former chief executive of VW.
European business publication Handelsblatt reports that executive pay has become a political issue, with various leaders airing their views in the media.
Germany's vice chancellor Sigmar Gabriel (pictured), who is Angela Merkel's deputy, was quoted this week in German newspaper Frankfurter Allgemeine Zeitung saying: "We have to demonstrate cle
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda
Related Stories
-
Investors consider legal action over RBS shareholder committee rejection
Demands for a shareholder committee at RBS have taken a further step as investor groups consider legal action.
-
UK companies face higher risk of activist action
Research from consultancy Alvarez & Marsal reveals that 54 UK companies are currently activist targets, and that more than two-thirds of activist action across Europe include demands for boardroom changes.
-
Brexit could increase European voices on UK boards, says report
The need to maintain ties with the EU could see more European representatives appointed to UK boards, according to Odgers Berndtson's Virginia Bottomley.
