“It’s quite drastic when a takeover triggers such value destruction and reputational damage so quickly. There can be no talk of a successful takeover any more,” Ingo Speich, the head of sustainability and corporate governance at Deka Investment, told Reuters. He will be among the shareholders to speak at the April 26 annual general meeting .
Major shareholder advisory firms Institutional Shareholder Services and Glass Lewis last week recommended investors not to give the executive board their seal of approval at the AGM. Glass Lewis also advised against a vote of approval for the non-executive supervisory board. Among shareholders that have vowed to deny top Bayer executives their vote of confidence is the former head of DWS, Christian Strenger.Company filings showed this week that Bayer’s supervisory board sought law firm Linklaters’ expert opinion for reassurance that the management board had complied with its duties when acquiring Monsanto for $63 billion last year.The supervisory board in Germany’s two-tier corporate board system has to sign off on larger transactions.
The U.S. Environmental Protection Agency, the European Chemicals Agency and other regulators across the globe have found that glyphosate, the active ingredient in Roundup, is not likely carcinogenic to humans.
globebusiness MONSANTO should quite frankly be put out of business....they have done more to damage the environment, our food, etc than almost any other company I can think of
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