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Munich Re 9.2.2004
VIP's answered the Court clearing up the "misunderstandings"
   Download Petition 2

Munich Re 8.1.2004
At the beginning of january the Court responded to the VIP-petition.
   Download Response of the Court

Munich Re 2.3.2004
The Court intends to close the procedure...
   Download Response of the Court 2

Munich Re 26.05.2004
At the Munich Re AGM held in München the 26 May 2004 Mr. Schinzler has finally been elected president of the Supervisory board - after a cooling of period of 147 days ....
   download VIP-newsletter: A small step forward for the managemente - a giant leap in better practice

Munich Re - 29.12.2003
In "Germany Inc." company authorities co-opt, and the management board arranges its supervisory board for itself.
In “Germany Inc.” company authorities co-opt, and the management board arranges its supervisory board for itself. VIP (www.vip-cg.com) seeks to oppose this – today with a proxy motion “against” Münchener Rückversicherungs-AG (MunichRe) before the competent Registry Court. From a business viewpoint, we are petitioning for: orders to the Supervisory Board to: act consistently with its decisions taken on 28.4.2003 – without involving the courts; propose the additional election of the new Supervisory Board member to the general meeting now to be convoked; not end the resigner’s term early. This would avert some 100 days of disparity – to be answered for by the company authorities – between the groupings on the co-determined Supervisory Board. It is the task of the general meeting (alone) to determine the members of the Supervisory Board – as the German Corporate Governance Code confirms (and MunichRe too undertook to apply it). The players in Germany Inc. even take advantage of codetermination to have shareholder representatives chosen by court, not the general meeting. VIP, as shareholder representative, had strongly warned against this mode of procedure at the general meeting last June. The petition now submitted shortly before the year’s end aims at protecting its own shares. Over and above the specific petition, the courts are, for the first time in Germany, being asked to say what relevance the principle “comply or explain” has. How far will Corporate Governance principles manage to enter the case law? We at CoF are looking forward to a vigorous debate on both points with you –- please join in!

 Download petition pdf

Munich Re 5.12.2003
At the beginning of december, MunichRe asked the court to nominate a new board member.
   Download Application for new board member

VIP presents a countermotion against point 8 of the order of the day of the THYSSENKRUPP AGM in Bochum, January 19th 2007.
VIP doesn't accept the proposal of the non-executive board to change § 9 of the by-laws. To avoid the "CG-shame" VIP needs to have the support of around 15 % of the voting capital. The english translation of the counter-motion is in work.


International survey on "Ethical Compliance in the Asset Management Industry", organized by Club of Florence and the University of Hamburg (Germany) in partnership with Deutsche Bank and VIP eV. The initiative has been closed on April, 25th.
  Tool Description
For more information about the questionnaire please have a look to http://www.cofquest.net

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