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ThyssenKrupp and Corporate Governance – Update

by Nigel Kendall

Ongoing Crisis of Confidence in ThyssenKrupp Corporate Governance and its Supervisory Board

Here is an update on our earlier article on the effect of defective corporate governance at Thyssen Krupp.

On February 12, 2013, the ThyssenKrupp Interim Report on the 1st quarter 2012/2013 was published. Here are extracts from one of the Press Releases at this date:

….Heinrich Hiesinger, Executive Board Chairman of ThyssenKrupp AG: “We are well on track to achieve our operating targets for the full year. However, we cannot be satisfied with the Group’s current earning power. The Strategic Way Forward is aimed at significantly improving the Group’s value potential, and we will continue to work vigorously towards this goal. All the Group’s businesses must contribute to this.…

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