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European Investors urges immediate action from Wirecard to improve governance

European Investors urges immediate action from Wirecard to improve governance By appointing Thomas Eichelmann as Chairman of the Supervisory board, Wirecard violates an important provision of the German Corporate Governance Code. Mr Eichelmann also holds the chair of the Audit Committee.  The German Corporate Governance Code provides however that the chairman of the Supervisory Board shall not ...
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Sustainable investment funds deliver on ESG but not always on returns

The ultimate challenge for sustainable investment funds is being able to combine social, climate-related and governance issues with good returns. This European Investors’ study ranks the funds by using the individual companies’ ESG scores and included these in the overall portfolio scores on the basis of their relative allocation in the sustainable investment portfolio. The Sustainable Europe I...
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The pursuit of equity investment in SMEs

European Investors believes that EU citizens and SMEs should contribute to and benefit from well-functioning equity markets and gain of the associated economic growth. If credit or bank financing isn’t available for SMEs, market financing is an option. However, SMEs have to understand the mechanics and dynamics of capital markets to be able to navigate and leverage them. The fact that SMEs are sti...
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Sustainable ETFs put most of investors’ money into tech companies

Sustainable investment is more popular than ever. The number of investment funds that specifically state that they put investors’ money into the shares of companies that focus on good corporate governance and the environment has never been higher and is continuing to grow rapidly, along with the capital that investors are entrusting to these funds. What do these sustainable funds have to offer inv...
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Series of studies on Sustainable Finance

Fraud risks and corruption, climate change and social injustice. These factors are gaining more attention from investors. This growing level of interest has also been prompted by forthcoming legislation which expects that factors should be taken into account which as yet are not fully reflected in company P&L accounts. It is clear that the financial markets are on the threshold of major cha...
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Dutch court asserts jurisdiction in Steinhoff scandal – VEB lawsuit proceeds

The Dutch courts have jurisdiction to entertain proceedings concerning fraud at retail giant Steinhoff. Today the district court of Amsterdam ruled accordingly. This is a real boost for investors; they shall have speedier clarity on whether Steinhoff has acted unlawfully against them. As a group, Steinhoff’s origin is in South Africa. From 2015, however, the group holding company is Dutch, with...
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European Investors meets Steinhoff for the first time in court

Does a Dutch court have jurisdiction to rule on the fraud at retailer Steinhoff? That was one of the main topics during a hearing in Amsterdam on Tuesday 21 August 2018. It was the first time European Investors and Steinhoff met in court since the discovery of the comprehensive fraud in December last year.   Last year VEB/European Investors held South African retailer Steinhoff liable b...
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Steinhoff’s first half-year report raises questions,

Investors request more information on current state of affairs at Steinhoff Seven months after the widespread accounting irregularities came to light, Steinhoff issued its half-year report for the six months ended 31 March 2018. The half-year results, also containing the unaudited restated half-year condensed financial statement for the six months ended 31 March 2017, provide investors with some ...
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VEB takes Deloitte to court for losses incurred by Steinhoff investors

PRESS RELEASE   VEB takes Deloitte to court for losses incurred by Steinhoff investors  The VEB has summoned Deloitte Accountants to appear before the District Court of Rotterdam for the losses incurred by the Steinhoff shareholders. Deloitte, incorrectly providing an unqualified auditor’s report on Steinhoff’s financial statements for 2016, seriously failed to fulfil its duties as laid down by...
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European Investors comments on changes to the UK Takeover Code

European Investors submitted its comments on the Public Consultation Paper of the Code Committee of the Takeover Panel with regard to statements of intention and related matters. The Takeover Panel is the independent body responsible for issuing and administering the Takeover Code in the United Kingdom. The consultation seeked views on important reforms to the way takeovers operate in the UK. C...
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